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

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any time, at the option of the Board of Directors of the Company evidenced by a Board Resolution set forth in an Officer’s Certificate, elect to have either Section 12.2 or 12.3 be applied to all Outstanding Notes upon compliance with the conditions set forth below in this Article XII.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any timemay, at the option of the Board of Directors Management Committee of the Company Partnership evidenced by a Board Resolution resolution set forth in an Officer’s Officers’ Certificate, at any time, elect to have either Section 12.2 8.02 or 12.3 8.03 hereof be applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XIIEight.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any timeUnless otherwise provided in respect of a series of Notes, the Issuer may, at the option of the its Board of Directors of the Company evidenced by a Board Resolution resolution set forth in an Officer’s Certificate, at any time, elect to have either Section 12.2 8.02 or 12.3 be 8.03 hereof applied to all Outstanding outstanding Notes of any series upon compliance with the conditions set forth below in this Article XII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any time, at the option of the Partnership’s Board of Directors of the Company evidenced by a Board Resolution resolution set forth in an Officer’s Certificate, elect to have either Section 12.2 8.02 or 12.3 8.03 hereof be applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any timemay, at the option of the Board of Directors of the Company Management Committee evidenced by a Board Resolution resolution set forth in an Officer’s 's Certificate, at any time, elect to have either Section 12.2 8.02 or 12.3 8.03 hereof be applied to all Outstanding Notes outstanding Debentures upon compliance with the conditions set forth below in this Article XIIEight.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers Issuer may at any time, at the option of the its Board of Directors of the Company evidenced by a Board Resolution resolution set forth in an Officer’s Certificate, elect to have either Section 12.2 8.02 or 12.3 8.03 hereof be applied to all Outstanding Notes outstanding Securities of any series upon compliance with the conditions set forth below in this Article XIIVIII.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any timeIssuer may, at the option of the its Board of Directors of the Company evidenced by a Board Resolution resolution set forth in an Officer’s Officers’ Certificate, at any time, with respect to the Notes, elect to have either Section 12.2 8.2 or 12.3 8.3 be applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XIIVIII.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any timeIssuer may, at the option of the Board of Directors of the Company Issuer evidenced by a Board Resolution set forth in an Officer’s CertificateResolution, at any time, elect to have either Section 12.2 7.3 or 12.3 be 7.4 applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XII7.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any timeAn Issuer may, at the option of the its Board of Directors of the Company evidenced by a Board Resolution resolution set forth in an Officer’s Officers' Certificate, at any time, elect to have either Section 12.2 11.02 or 12.3 11.03 be applied to all Outstanding Notes outstanding Securities upon compliance with the conditions set forth below in this Article XIIEleven.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any timemay, at the option of each of the Issuer’s Board of Directors of the Company evidenced by a Board Resolution resolution set forth in an Officer’s Officers’ Certificate, elect to have either Section 12.2 8.2 or 12.3 8.3 hereof be applied to all Outstanding outstanding Notes and Guarantees upon compliance with the conditions set forth below in this Article XIIVIII.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers Issuer may at any time, at the option of the its Board of Directors of the Company evidenced by a Board Resolution resolution set forth in an Officer’s Certificate, elect to have either Section 12.2 8.02 or 12.3 8.03 hereof be applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XIIEight.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any timeIssuer may, at the option of the Board its Boards of Directors of the Company evidenced by a Board Resolution set forth in an Officer’s Officers’ Certificate, at any time, elect to have either Section 12.2 8.2 or 12.3 be 8.3 hereof applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XIIVIII.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any time, at the option of the Board of Directors of the Company evidenced by a Board Resolution resolution set forth in an Officer’s Officers’ Certificate, elect to have either Section 12.2 8.02 or 12.3 8.03 hereof be applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any timeIssuer may, at the option of the Board their Boards of Directors of the Company evidenced by a Board Resolution resolution set forth in an Officer’s Officers' Certificate, at any time, elect to have either Section 12.2 8.2 or 12.3 8.3 hereof be applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XIIVIII.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers Issuer may at any time, at the option of the its Board of Directors of the Company evidenced by a Board Resolution resolution set forth in an Officer’s Certificate, elect to have either Section 12.2 14.02 or 12.3 14.03 be applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XII14.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any timeIssuer may, at the option of the its Board of Directors of the Company evidenced by a Board Resolution resolution set forth in an Officer’s Officers’ Certificate, at any time, with respect to the Notes of any series, elect to have either Section 12.2 8.2 or 12.3 8.3 be applied to all Outstanding outstanding Notes of such series upon compliance with the conditions set forth below in this Article XIIVIII.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may may, at any time, time at the option of the Board their respective Boards of Directors of the Company Directors, evidenced by a Board Resolution Besolution set forth in an Officer’s Officers' Certificate, elect to have either Section 12.2 8.2 or 12.3 8.3 be applied to all Outstanding outstanding Notes and Note Guarantees upon compliance with the conditions set forth below in this Article XIIVIII.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers Issuer may at any time, at the option of the its Board of Directors of the Company evidenced by a Board Resolution resolution set forth in an Officer’s Certificate, elect to have either Section 12.2 8.02 or 12.3 Section 8.03 be applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XIIthe relevant Sections, as the case may be.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any time, at the option of the Board of Directors of the Company evidenced by a Board Resolution resolution set forth in an Officer’s Certificate, elect to have either Section 12.2 8.02 or 12.3 8.03 hereof be applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers Issuer may at any time, at the option of the its Board of Directors of the Company evidenced by a Board Resolution resolution set forth in an Officer’s Certificate, elect to have either Section 12.2 8.02 or 12.3 8.03 hereof be applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any timemay, at the option of the its Board of Directors of the Company and evidenced by a Board Resolution set forth in an Officer’s Officers’ Certificate, at any time, elect to have either Section 12.2 8.02 or 12.3 be 8.03 hereof applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XIIVIII.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any timeIssuer may, at the option of the its Board of Directors of the Company evidenced by a Board Resolution resolution set forth in an Officer’s CertificateCertificate and at any time, elect to have either Section 12.2 8.02 or 12.3 be 8.03 hereof applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XIIVIII.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers Issuer may at any time, at the option of the Board of Directors of the Company evidenced by a Board Resolution resolution set forth in an Officer’s Officers’ Certificate, elect to have either Section 12.2 12.02 or 12.3 12.03 hereof be applied to all Outstanding outstanding Notes of any series upon compliance with the conditions set forth below in this Article XII12.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any timeIssuer may, at the option of the its Board of Directors of the Company evidenced by a Board Resolution set forth in an Officer’s Officers’ Certificate, at any time, elect to have either Section 12.2 8.02 or 12.3 be 8.03 applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any timeIssuer may, at the option of the Board of Directors of the Company Issuer evidenced by a Board Resolution resolution set forth in an Officer’s 's Certificate, at any time, elect to have either Section 12.2 11.02 or 12.3 11.03 be applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XII10.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any timemay, at the option of the its Board of Directors of the Company and evidenced by a Board Resolution set forth in an Officer’s CertificateCertificates, at any time, elect to have either Section 12.2 8.2 or 12.3 be 8.3 hereof applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XIIVIII.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers Issuer may at any time, at the option of the its Board of Directors of the Company evidenced by a Board Resolution resolution set forth in an Officer’s Officers’ Certificate, elect to have either Section 12.2 8.02 or 12.3 8.03 hereof be applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XIIVIII.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any timemay, at the their option of the Board of Directors of the Company evidenced by a resolution of its Board Resolution of Directors, set forth in an Officer’s Certificate, at any time, with respect to the Notes, elect to have either Section 12.2 8.02 or 12.3 8.03 be applied to all Outstanding outstanding Notes of a series and Guarantees upon compliance with the conditions set forth below in this Article XIIVIII.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any time, at the option of the Board of Directors of the Company Holdings evidenced by a Board Resolution resolution set forth in an Officer’s Certificate, elect to have either Section 12.2 8.02 or 12.3 8.03 hereof be applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XII.8. Section 8.02

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers Issuer may at any time, at the option of the its Board of Directors of the Company evidenced by a Board Resolution resolution set forth in an Officer’s Certificate, elect to have either Section 12.2 8.02 or 12.3 8.03 be applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XIIthe relevant Sections, as the case may be.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers Issuer may at any time, at the option of the its Board of Directors of the Company Managers evidenced by a Board Resolution resolution set forth in an Officer’s Certificate, elect to have either Section 12.2 8.02 or 12.3 8.03 hereof be applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XII8.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any timeIssuer may, at the option of the its Board of Directors of the Company evidenced by a Board Resolution resolution set forth in an Officer’s Officers' Certificate, at any time, with respect to the Notes, elect to have either Section 12.2 8.2 or 12.3 8.3 be applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XIIVIII.

Option to Effect Legal Defeasance or Covenant Defeasance. 50 The Issuers Issuer may at any time, at the option of the its Board of Directors of the Company evidenced by a Board Resolution resolution set forth in an Officer’s Officers’ Certificate, elect to have either Section 12.2 12.02 or 12.3 12.03 hereof be applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XII12.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may Issuer may, at its option and at any time, at the option of the Board of Directors of the Company time evidenced by a Board Resolution set forth in an Officer’s Certificate, elect to have either Section 12.2 8.2 or 12.3 be 8.3 applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XIIVIII.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may may, at any time, time at the option of the Board their respective Boards of Directors of the Company Directors, evidenced by a Board Resolution Besolution set forth in an Officer’s Officers’ Certificate, elect to have either Section 12.2 8.2 or 12.3 8.3 be applied to all Outstanding outstanding Notes and Note Guarantees upon compliance with the conditions set forth below in this Article XIIVIII.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any time, at the option of the Board of Directors of the Company evidenced by a Board Resolution resolution set forth in an Officer’s Certificate, elect to have either Section 12.2 8.02 or 12.3 Section 8.03 hereof be applied to all Outstanding any the Notes upon compliance with the conditions set forth below in this Article XIIVIII.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any timemay, at the option of the Issuers’ Board of Directors of the Company evidenced by a Board Resolution resolution set forth in an Officer’s Officers’ Certificate, elect to have either Section 12.2 8.2 or 12.3 8.3 hereof be applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XIIVIII.

Option to Effect Legal Defeasance or Covenant Defeasance. The Issuers may at any timemay, at the option of the each of their Board of Directors of the Company evidenced by a respective Board Resolution set forth in an Officer’s CertificateResolutions, and at any time, elect to have either Section 12.2 13.2 or 12.3 Section 13.3 hereof be applied to all Outstanding Notes Securities of any series upon compliance with the conditions set forth below in this Article XIIThirteen.

Option to Effect Legal Defeasance or Covenant Defeasance. ‌ The Issuers Issuer may at any time, at the option of the Board its board of Directors of the Company directors evidenced by a Board Resolution resolution set forth in an Officer’s Officers’ Certificate, elect to have either Section 12.2 10.02 or 12.3 10.03 be applied to all Outstanding outstanding Notes upon compliance with the conditions set forth below in this Article XII10.