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 Company may, at its option and at any time, elect to have either SECTIONS 8.2 or 8.3 hereof be applied to all outstanding Notes upon compliance with the conditions set forth in this ARTICLE VIII.

Appears in 6 contracts

Samples: Indenture (iHeartMedia, Inc.), Indenture (iHeartMedia, Inc.), Indenture (iHeartMedia, Inc.)

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Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Company may, at its option and at any time, elect to have either SECTIONS 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 4 contracts

Samples: Indenture (loanDepot, Inc.), Indenture (TripAdvisor, Inc.), loanDepot, Inc.

Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Company 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 SECTIONS Section 8.2 or 8.3 hereof be applied to all outstanding Notes and Note Guarantees upon compliance with the conditions set forth below in this ARTICLE Article VIII.

Appears in 3 contracts

Samples: Intercreditor Agreement (Edgen Group Inc.), Intercreditor Agreement (Edgen Murray II, L.P.), Pledge and Security Agreement (Easton-Bell Sports, Inc.)

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

Appears in 1 contract

Samples: Indenture (OneMain Financial Holdings, Inc.)

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

Appears in 1 contract

Samples: American Capital, LTD

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

Appears in 1 contract

Samples: Restaurant Brands International Limited Partnership

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

Appears in 1 contract

Samples: Indenture (Atento S.A.)

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Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Company may, at its option and may at any time, at the option of its Board of Governors evidenced by a resolution set forth in an Officers’ Certificate, elect to have either SECTIONS 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: Subordination Agreement (Heron Lake BioEnergy, LLC)

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

Appears in 1 contract

Samples: Indenture (Atento S.A.)

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

Appears in 1 contract

Samples: Indenture (TUTOR PERINI Corp)

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