Common use of Option to Effect Legal Defeasance Clause in Contracts

Option to Effect Legal Defeasance. or Covenant Defeasance The Company may, at its option, evidenced by an Officers' Certificate, at any time, with respect to the Notes, elect to have either Section 8.02 or 8.03 hereof be applied to all Notes and Subsidiary Guarantees then outstanding upon compliance with the conditions set forth in this Article 8.

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

Option to Effect Legal Defeasance. or Covenant Defeasance The Company may, at its optionthe option of the Board of Directors of the Company, evidenced by a Board Resolution set forth in an Officers' Certificate, at any time, with respect to the Notes, elect to have either Section 8.02 or 8.03 hereof be applied to all Notes and Subsidiary Guarantees then outstanding upon compliance with the conditions set forth in this Article 8.