Option to Effect Legal Defeasance and Covenant Defeasance Sample Clauses

Option to Effect Legal Defeasance and Covenant Defeasance. The Issuer may, at its option and at any time, elect to have either Section 8.02 or 8.03 applied to all outstanding Notes upon compliance with the conditions set forth below in this Article 8.
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Option to Effect Legal Defeasance and Covenant Defeasance. The Company may, at its option and at any time, elect to have either Section 8.02 or 8.03 applied to all outstanding Notes upon compliance with the conditions set forth below in this Article 8.
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Option to Effect Legal Defeasance and Covenant Defeasance. The Company may at any time, at its option, elect to have either Section 10.02 or 10.03 hereof be applied to all outstanding Securities upon compliance with the conditions set forth below in this Article 10.
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Option to Effect Legal Defeasance and Covenant Defeasance. The Issuers may at any time, at the option of the Board of Directors of the Company evidenced by a resolution set forth in an Officers’ Certificate, elect to have either Sections 8.02 or 8.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article 8.
Sample 1
Option to Effect Legal Defeasance and Covenant Defeasance. PES may at any time, at the option of its Board of Directors evidenced by a resolution set forth in an Officers’ Certificate, elect either Section 8.02 or 8.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article 8.
Sample 1
Option to Effect Legal Defeasance and Covenant Defeasance. (a) The Company may, at its option, at any time elect to have either paragraph (b) or (c) below applied to all outstanding Notes, subject in either case to compliance with the conditions set forth in Section 9.02.
Sample 1
Option to Effect Legal Defeasance and Covenant Defeasance. The Co-Issuers may at any time, at the option of the Board of Directors of the Company evidenced by resolutions set forth in an Officer’s Certificate, elect to have either Section 8.02 or 8.03 applied to all outstanding Notes (including the Note Guarantees) upon compliance with the conditions set forth below in this Article 8.
Sample 1
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Option to Effect Legal Defeasance and Covenant Defeasance. 80 Section 8.02 Legal Defeasance and Discharge. 80
Sample 1

Related to Option to Effect Legal Defeasance and Covenant Defeasance

  • Option to Effect Legal Defeasance or Covenant Defeasance The Company may at any time, at the option of its Board of Directors evidenced by a resolution set forth in an Officers’ Certificate, elect to have either Section 8.02 or 8.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article 8.

  • Legal Defeasance and Covenant Defeasance Section 15.01 Option to Effect Legal Defeasance or Covenant Defeasance.......70 Section 15.02 Legal Defeasance and Discharge.................................70 Section 15.03

  • Option to Effect Defeasance or Covenant Defeasance The Issuer or the Guarantors may, at any time, elect to have either Section 1202 or Section 1203 be applied to all the Outstanding Securities of any series designated pursuant to Section 301 as being defeasible pursuant to this Article Twelve, upon compliance with the applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article Twelve. Any such election shall be evidenced by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

  • Company’s Option to Effect Defeasance or Covenant Defeasance The Company may elect, at its option at any time, to have Section 1302 or Section 1303 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1302 or 1303, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

  • Conditions to Legal Defeasance or Covenant Defeasance The following shall be the conditions to the application of either Section 8.02(b) or 8.02(c) hereof to the outstanding Notes:

  • DEFEASANCE AND COVENANT DEFEASANCE SECTION 1301.

  • SECTION 1303. Covenant Defeasance 59 Section 1304. Conditions to Defeasance or Covenant Defeasance.... 59

  • Conditions to Defeasance or Covenant Defeasance The following shall be the conditions to the application of Section 1302 or Section 1303 to any Securities or any series of Securities, as the case may be:

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