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

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer may, at its option and at any time, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Appears in 52 contracts

Samples: Indenture (Avis Budget Group, Inc.), Indenture (Avis Budget Group, Inc.), Third Lien Intercreditor Agreement (Frontier Communications Parent, Inc.)

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Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer Company may, at its option and at any time, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Appears in 24 contracts

Samples: Wayfair (Wayfair Inc.), Indenture (Builders FirstSource, Inc.), Churchill Downs Incorporated (Churchill Downs Inc)

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer may, at its option and at any time, elect to have either Section 8.2 or Section 8.3 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Appears in 19 contracts

Samples: Indenture (Community Health Systems Inc), Indenture (Community Health Systems Inc), Collateral Agreement (Community Health Systems Inc)

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer Issuers may, at its their option and at any time, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Appears in 18 contracts

Samples: Indenture (Avis Budget Group, Inc.), Indenture (Pactiv Evergreen Inc.), Indenture (Trinseo S.A.)

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer Issuers may, at its their option and at any time, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Appears in 13 contracts

Samples: Indenture (Ladder Capital Corp), Indenture (Ladder Capital Corp), Indenture (Ladder Capital Corp)

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer may, at its option and at any time, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Appears in 12 contracts

Samples: Surgery Center (Surgery Partners, Inc.), Indenture (Surgery Partners, Inc.), Indenture (Surgery Partners, Inc.)

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer Issuers and the Guarantors may, at its their option and at any time, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Appears in 5 contracts

Samples: Indenture (Restaurant Brands International Inc.), Indenture (Restaurant Brands International Limited Partnership), Indenture (Restaurant Brands International Limited Partnership)

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer may, at its option and at any time, elect to have either 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 VIII.

Appears in 3 contracts

Samples: Indenture (Knife River Holding Co), Credit Agreement (Embecta Corp.), Credit Agreement (Embecta Corp.)

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer may, at its option and at any time, elect to have either Section Sections 8.2 or 8.3 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Appears in 3 contracts

Samples: Indenture (Nexstar Media Group, Inc.), Indenture (Nexstar Broadcasting Group Inc), Indenture (Nexstar Broadcasting Group Inc)

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer may, at its option and at any time, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII. The Issuer may exercise Legal Defeasance notwithstanding its prior exercise of Covenant Defeasance.

Appears in 2 contracts

Samples: Indenture (Crown Media Holdings Inc), Indenture (Cumulus Media Inc)

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer may, at its option and at any time, elect to have either Section ‎Section 8.2 or ‎Section 8.3 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article ‎Article VIII.

Appears in 2 contracts

Samples: Intercreditor Agreement (Ryan Specialty Holdings, Inc.), Ryan Specialty (Ryan Specialty Group Holdings, Inc.)

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer may, at its option and at any time, elect to have either Section 8.2 or Section 8.3 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Appears in 2 contracts

Samples: Intercreditor Agreement (MICROSTRATEGY Inc), Korn Ferry (Korn Ferry)

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer Issuers may, at its their option and at any time, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Appears in 2 contracts

Samples: Evergreen Acqco (Savers Value Village, Inc.), Indenture (Valley Telephone Co., LLC)

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer maymay elect, at its option and at any timeoption, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Appears in 2 contracts

Samples: CPG Merger Sub (CPG Newco LLC), CPG Merger Sub (CPG Newco LLC)

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer may, at its option and at any time, elect to have either Section ‎Section 8.2 or 8.3 ‎8.3 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article ‎Article VIII.

Appears in 2 contracts

Samples: Indenture (Dun & Bradstreet Holdings, Inc.), Macy's, Inc.

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer may, at its option and at any time, elect to have either 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.

Appears in 2 contracts

Samples: Yum Brands Inc, Yum Brands Inc

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Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer may, at its option and at any time, elect to have either Section 8.2 8.02 or 8.3 hereof 8.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Appears in 1 contract

Samples: Indenture (Hersha Hospitality Trust)

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer may, at its option and at any time, elect to have either Section 8.2 or 8.3 ​ 144 ​ hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Appears in 1 contract

Samples: Intercreditor Agreement (CPI Card Group Inc.)

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer Issuers may, at its their option and at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding Notes of a series upon compliance with the conditions set forth below in this Article VIII8.

Appears in 1 contract

Samples: Non Disturbance Agreement (Yum Brands Inc)

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer may, at its option and at any time, elect to have either Section 8.2 8.02 or 8.3 8.03 hereof be applied to all outstanding 5.625% Notes upon compliance with the conditions set forth below in this Article VIII8.

Appears in 1 contract

Samples: First Supplemental Indenture (ExamWorks Group, Inc.)

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer Issuers may, at its their option and at any time, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.or

Appears in 1 contract

Samples: Indenture (Valley Telephone Co., LLC)

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer may, at its option and at any time, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Appears in 1 contract

Samples: DPC Products, Inc.

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer may, at its option and at any time, elect to have either Section ‎Section 8.2 or 8.3 hereof ‎8.3 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article ‎Article VIII.

Appears in 1 contract

Samples: Indenture (Option Care Health, Inc.)

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer may, at its option and at any time, elect to have either 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.

Appears in 1 contract

Samples: Indenture (Radioshack Corp)

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer maymay elect, at its option and at any timeoption, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article ARTICLE VIII.

Appears in 1 contract

Samples: Indenture (CPG Newco LLC)

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Issuer Issuers may, at its their option and at any time, elect to have either 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.

Appears in 1 contract

Samples: Indenture (Yum Brands Inc)

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