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

Option to Effect Defeasance or Covenant Defeasance. Unless otherwise specified as contemplated by Section 2.04 with respect to Securities of a particular series, the Company by Board Resolution or the Guarantor[s], may at [its] [their] option, by Guarantor Authorizing Resolution[s], at any time, with respect to any series of Securities, elect to have either Section 10.04 or Section 10.05 be applied to all of the Outstanding Securities of any series (the “Defeased Securities”), upon compliance with the conditions set forth in this Article 10.

Option to Effect Defeasance or Covenant Defeasance. Unless otherwise specified as contemplated by Section 2.04 2.03 with respect to Securities of a particular series, the Company by Board Resolution or the Guarantor[s]Company, may at [its] [their] its option, by Guarantor Authorizing Resolution[s]Board Resolution, at any time, with respect to any series of Securities, elect to have either Section 10.04 8.04 or Section 10.05 8.05 be applied to all of the Outstanding outstanding Securities of any series (the “"Defeased Securities”"), upon compliance with the ------------------- conditions set forth below in this Article 108.

Option to Effect Defeasance or Covenant Defeasance. Unless otherwise specified as contemplated by Section 2.04 2.3(a) with respect to Securities of a particular series, the Company by Board Resolution or the Guarantor[s]Company, may at [its] [their] its option, by Guarantor Authorizing Resolution[s]Board Resolution, at any time, with respect to any series of Securities, elect to have either Section 10.04 8.4 or Section 10.05 8.5 be applied to all of the Outstanding outstanding Securities of any series (the “"Defeased Securities”"), upon compliance with the conditions set forth in this Article 10VIII.

Option to Effect Defeasance or Covenant Defeasance. Unless otherwise specified as contemplated by Section 2.04 203(a) with respect to Securities of a particular series, the Company by Board Resolution or the Guarantor[s]Company, may at [its] [their] its option, by Guarantor Authorizing Resolution[s]Board Resolution, at any time, with respect to any series of Securities, elect to have either Section 10.04 804 or Section 10.05 805 be applied to all of the Outstanding outstanding Securities of any series (the “"Defeased Securities”"), upon compliance with the conditions set forth in this Article 10VIII.

Option to Effect Defeasance or Covenant Defeasance. Unless otherwise specified as contemplated by Section 2.04 with respect to Securities of a particular series, the Company by Board Resolution or the Guarantor[s]Guarantors, may at [its] [their] their option, by Guarantor Authorizing Resolution[s]Resolutions, at any time, with respect to any series of Securities, elect to have either Section 10.04 or Section 10.05 be applied to all of the Outstanding Securities of any series (the “Defeased Securities”), upon compliance with the conditions set forth in this Article 10.

Option to Effect Defeasance or Covenant Defeasance. Unless otherwise specified as contemplated by Section 2.04 2.03 with respect to Securities of a particular series, the Company by Board Resolution or the Guarantor[s]Company, may at [its] [their] its option, by Guarantor Authorizing Resolution[s]Board Resolution, at any time, with respect to any series of Securities, elect to have either Section 10.04 8.04 or Section 10.05 8.05 be applied to all of the Outstanding outstanding Securities of any series (the “"Defeased Securities”"), upon compliance with the conditions set forth below in this Article 108.

Option to Effect Defeasance or Covenant Defeasance. Unless otherwise specified as contemplated by Section 2.04 with respect to Securities of a particular series, the Company by Board Resolution Consent of the Sole Member or the Guarantor[s]Guarantor, may at [its] [their] its option, by Guarantor Authorizing Resolution[s]Resolution, at any time, with respect to any series of Securities, elect to have either Section 10.04 or Section 10.05 be applied to all of the Outstanding Securities of any series (the “Defeased Securities”), upon compliance with the conditions set forth in this Article 10.