Common use of Option to Effect Legal Defeasance and Covenant Defeasance Clause in Contracts

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.

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 hereof applied to all outstanding Notes upon compliance with the conditions set forth below in this Article 8.

Option to Effect Legal Defeasance and Covenant Defeasance. The Issuer may, at its option and Issuers may at any time, at the option of the Board of Directors of each Issuer 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.

Option to Effect Legal Defeasance and Covenant Defeasance. The Issuer may, at its option and 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.

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 9.02 or 8.03 9.03 applied to all outstanding Notes upon compliance with the conditions set forth below in this Article 8IX.

Option to Effect Legal Defeasance and Covenant Defeasance. The Issuer Issuers may, at its their option and at any time, elect to have either Section 8.02 or 8.03 hereof be applied to all outstanding Notes and the Guarantees upon compliance with the conditions set forth below in this Article 8.