Common use of Legal Defeasance Clause in Contracts

Legal Defeasance. (a) The Company shall be deemed to have been discharged from its obligations with respect to all of the outstanding Securities of any series on the 91st day after the date of the deposit referred to in subparagraph (a) hereof, and the provisions of this Indenture, as it relates to such series of outstanding Securities, shall no longer be in effect (and the Trustee, at the expense of the Company, shall, upon the request of the Company, execute proper instruments acknowledging the same), except as to:

Appears in 18 contracts

Samples: Senior Indenture (Fuelcell Energy Inc), Senior Indenture (Fuelcell Energy Inc), Senior Indenture (Fuelcell Energy Inc)

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Legal Defeasance. (a) The Company shall be deemed to have been discharged from its obligations with respect to all of the outstanding Securities of any series on the 91st day after the date of the deposit referred to in subparagraph (a) hereof, and the provisions of this Indenture, as it relates to such series of outstanding Securities, shall no longer be in effect (and the Trustee, at the expense of the Company, shall, upon the request of the Company, execute proper instruments acknowledging the same), except as to:

Appears in 16 contracts

Samples: Subordinated Indenture (Precipio, Inc.), Subordinated Indenture (Fuelcell Energy Inc), Subordinated Indenture (Fuelcell Energy Inc)

Legal Defeasance. (a) The Company shall be deemed to have been discharged from its obligations with respect to all of the outstanding Securities Notes of any series on the 91st day after the date of the deposit referred to in subparagraph (ai) hereof, and the provisions of this Indenture, as it relates to the outstanding Notes of such series of outstanding Securitiesseries, shall no longer be in effect (and the Trustee, at the expense of the Company, shall, upon the request of the Company, execute proper instruments acknowledging the same), except as to:

Appears in 11 contracts

Samples: Indenture (Great Plains Energy Inc), Indenture (Kansas City Power & Light Co), Indenture (Great Plains Energy Inc)

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Legal Defeasance. (a) The Company and the Guarantors shall be deemed to have been discharged from its their obligations with respect to all of the outstanding Securities of any series and the related Guarantees on the 91st day after the date of the deposit referred to in subparagraph (ad) hereof, and the provisions of this Indenture, as it relates to such series of outstanding SecuritiesSecurities and the related Guarantees, shall no longer be in effect (and the Trustee, at the expense of the Company, shall, upon the request of the Company, execute proper instruments acknowledging the same), except as to:

Appears in 2 contracts

Samples: Indenture (Lear Corp Eeds & Interiors), Indenture (Lear Corp Eeds & Interiors)

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