Common use of Option to Effect Covenant Defeasance Clause in Contracts

Option to Effect Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a Board Resolution set forth in an Officers’ Certificate, at any time, elect to have Section 8.02 hereof be applied to all outstanding Securities upon compliance with the conditions set forth below in this Article 8.

Appears in 4 contracts

Samples: Fiscal Agency Agreement (Symetra Financial CORP), Fiscal Agency Agreement (White Mountains Insurance Group LTD), Fiscal Agency Agreement (Symetra Financial CORP)

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Option to Effect Covenant Defeasance. The Company maymay at any time, at the option of its Board of Directors evidenced by a Board Resolution set forth in resolution accompanied by an Officers’ Certificate, at any time, elect to have Section 8.02 hereof be applied to all outstanding Securities Notes upon compliance with the conditions set forth below in this Article 8.

Appears in 3 contracts

Samples: Indenture (A. M. Castle & Co.), Indenture (Total Plastics, Inc.), Indenture (Castle a M & Co)

Option to Effect Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a Board Resolution resolution set forth in an Officers’ Certificate, at any time, elect to have Section 8.02 11.02 hereof be applied to all outstanding Securities Notes and all obligations of the Guarantor discharged with respect to the Note Guarantee upon compliance with the conditions set forth below in this Article 8ARTICLE 11.

Appears in 2 contracts

Samples: Indenture (Akoustis, Inc.), Indenture (Akoustis Technologies, Inc.)

Option to Effect Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a Board Resolution resolution set forth in an Officers’ Certificate, at any time, elect to have Section 8.02 9.02 hereof be applied to all outstanding Securities Notes and all obligations of the Guarantors discharged with respect to the Note Guarantees upon compliance with the conditions set forth below in this Article 89.

Appears in 2 contracts

Samples: Indenture (Nova Biosource Fuels, Inc.), Indenture (Nova Biosource Fuels, Inc.)

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Option to Effect Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a Board Resolution resolution set forth in an Officers’ Certificate, at any time, elect to have Section 8.02 11.02 hereof be applied to all outstanding Securities Notes upon compliance with the conditions set forth below in this Article 8ARTICLE 11.

Appears in 1 contract

Samples: First Supplemental Indenture (Akoustis Technologies, Inc.)

Option to Effect Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a Board Resolution resolution set forth in an Officers’ Certificate, at any time, elect to have Section 8.02 11.02 hereof be applied to all outstanding Securities Notes and all obligations of the Guarantors discharged with respect to the Note Guarantees upon compliance with the conditions set forth below in this Article 8ARTICLE 11.

Appears in 1 contract

Samples: Indenture (Akoustis Technologies, Inc.)

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