Common use of Option to Effect Defeasance or Covenant Defeasance Clause in Contracts

Option to Effect Defeasance or 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 either the first paragraph of Section 8.2 or 8.3 hereof applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Option to Effect Defeasance or 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 either the first paragraph of Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII8.

Option to Effect Defeasance or 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 either the first paragraph of Section 8.2 or 8.3 hereof be applied to all outstanding Notes and Guarantees upon compliance with the conditions set forth below in this Article VIII.

Option to Effect Defeasance or 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 either the first paragraph of Section 8.2 or 8.3 hereof be applied to all outstanding Notes of a series and Guarantees upon compliance with the conditions set forth below in this Article VIII.

Option to Effect Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution of the Board Resolution of Directors set forth in an Officers’ Certificate, at any time, elect to have either the first paragraph of Section 8.2 8.2(a) or 8.3 hereof applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Option to Effect Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution of its Board Resolution of Directors set forth in an Officers’ Certificate, at any time, elect to have either the first paragraph of Section 8.2 6.2(a) or 8.3 6.3 hereof applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIIIVI.

Option to Effect Defeasance or 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 either the first paragraph of Section 8.2 1102 or 8.3 1103 hereof be applied to all outstanding Outstanding Notes upon compliance with the conditions set forth below in this Article VIIIEleven.