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

Option to Effect Legal Defeasance and 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.

Appears in 2 contracts

Samples: Indenture (Gastar Exploration USA, Inc.), Indenture (Windstar Energy, LLC)

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

Appears in 2 contracts

Samples: Indenture (United States Steel Corp), Indenture (United States Steel Corp)

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

Appears in 1 contract

Samples: Indenture (Specialty Building Products, Inc.)

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

Appears in 1 contract

Samples: Indenture (DIEBOLD NIXDORF, Inc)

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Option to Effect Legal Defeasance and Covenant Defeasance. The Company Issuers may at any time, at the option of its the Board of Directors of the Company evidenced by a resolution set forth in an Officers’ Certificate, elect to have either Section 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.

Appears in 1 contract

Samples: Indenture (Black Elk Energy Finance Corp.)

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