Common use of Satisfaction and Discharge Defeasance Clause in Contracts

Satisfaction and Discharge Defeasance. The Company and the Guarantors shall be entitled to obtain a full release of all of the Collateral from the Liens of this Indenture and of the Security Documents upon payment in full of all principal, premium, if any, interest and Additional Interest, if any, on the Notes and of all Obligations for the payment of money due and owing to the Trustee or the Holders, or upon compliance with the conditions precedent set forth in Article VIII for legal defeasance or covenant defeasance. Upon delivery by the Company to the Trustee and the Collateral Agent of an Officers’ Certificate and an Opinion of Counsel, each to the effect that such conditions precedent have been complied with (and which may be the same Officers’ Certificate and Opinion of Counsel required by Article VIII), together with such documentation, if any, as may be required by the Trustee or the TIA (including, without limitation, TIA § 314(d)) prior to the release of such Collateral, the Trustee shall forthwith take all necessary action (at the request of and the expense of the Company) to release and reconvey to the Company and the applicable Guarantors without recourse all of the Collateral, and shall deliver such Collateral in its possession to the Company and the applicable Guarantors including, without limitation, the execution and delivery of releases and satisfactions wherever required.

Satisfaction and Discharge Defeasance. The Company and the Guarantors shall be entitled to obtain a full release of all of the Collateral from the Liens of this Indenture and of the Security Documents upon payment in full of all principal, premium, if any, interest and Additional Interest, if any, on the Notes and of all other Obligations for the payment of money due and owing to the Trustee or the HoldersHolders under this Indenture, the Notes, the Guarantees and the Security Documents, or upon compliance with the conditions precedent set forth in Article VIII hereof for legal defeasance Legal Defeasance or covenant defeasanceCovenant Defeasance. Upon such payment or upon delivery by the Company to the Trustee and the Collateral Agent of an Officers’ ' Certificate and an Opinion of Counsel, each to the effect that such conditions precedent have been complied with (and which may be the same Officers’ ' Certificate and Opinion of Counsel required by Article VIIIVIII hereof), together with such documentation, if any, as may be required by the Trustee or the TIA (including, without limitation, TIA § Section 314(d)) or reasonably required by the Trustee prior to the release of such Collateral, the Trustee shall forthwith take all action that is necessary action or reasonably requested by the Company (in each case at the request of and the expense of the Company) to release and reconvey to the Company and the applicable Guarantors without recourse all of the Collateral, and shall deliver such Collateral in its possession to the Company and shall execute and deliver to the applicable Guarantors including, without limitation, the execution and delivery of Company releases and satisfactions wherever requiredsatisfactions, in recordable form, to the extent reasonably requested by the Company.

Satisfaction and Discharge Defeasance. The Company and the Guarantors shall be entitled to obtain a full release of all of the Security Collateral from the Liens of this Indenture and of the Security Documents upon payment in full of all principal, premium, if any, and interest and Additional Interest, if any, on the Notes Securities and of all other Obligations for the payment of money due and owing to the Trustee or the HoldersHolders under this Indenture, the Securities, the Guarantees and the Security Documents, or upon compliance with the conditions precedent set forth in Article VIII Twelve hereof for legal defeasance or covenant defeasance. Upon such payment or upon delivery by the Company to the Trustee and the Collateral Agent of an Officers’ ' Certificate and an Opinion of Counsel, each to the effect that such conditions precedent have been complied with (and which may be the same Officers’ ' Certificate and Opinion of Counsel required by Article VIIITwelve hereof), together with such documentation, if any, as may be required by the Trustee or the TIA Trust Indenture Act (including, without limitation, TIA § Trust Indenture Act Section 314(d)) or reasonably required by the Trustee prior to the release of such Security Collateral, the Trustee shall forthwith take all action that is necessary action or reasonably requested by the Company (in each case at the request of and the expense of the Company) to release and reconvey to the Company and the applicable Guarantors without recourse all of the Security Collateral, and shall deliver such Security Collateral in its possession to the Company and shall execute and deliver to the applicable Guarantors including, without limitation, the execution and delivery of Company releases and satisfactions wherever requiredsatisfactions, in recordable form, to the extent reasonably requested by the Company.

Satisfaction and Discharge Defeasance. The Company and the Guarantors shall be entitled to obtain a full release of all of the Collateral from the Liens of this Indenture and of the Security Documents upon payment in full of all principal, premium, if any, interest and Additional Interest, if any, on the Notes and of all Obligations for the payment of money due and owing to the Trustee or the Holders, or upon compliance with the conditions precedent set forth in Article VIII Section 8.01 hereof for legal defeasance satisfaction and discharge of this Indenture or covenant defeasancefor Legal Defeasance or Covenant Defeasance pursuant to Section 8.02 hereof. Upon delivery by the Company to the Trustee and the Collateral Agent of an Officers’ ' Certificate and an Opinion of Counsel, each to the effect that such conditions precedent have been complied with (and which may be the same Officers’ ' Certificate and Opinion of Counsel required by Article VIIIEight hereof), together with such documentation, if any, as may be required by the Trustee or the TIA (including, without limitation, TIA § 314(d)) prior to the release of such Collateral, the Trustee shall forthwith take all necessary action (at the request of and the expense of the Company) to release and reconvey without recourse to the Company and the applicable Guarantors without recourse all of the Collateral, and shall deliver such Collateral in its possession to the Company and the applicable Guarantors including, without limitation, the execution and delivery of releases and satisfactions wherever required.

Satisfaction and Discharge Defeasance. The Company and the Guarantors shall be entitled to obtain a full release of all of the Collateral from the Liens of this Indenture and of the Security Documents upon payment in full of all principal, premium, if any, interest and Additional Interest, if any, on the Notes and of all Obligations obligations for the payment of money due and owing to the Trustee or the HoldersHolders under this Indenture, the Notes, any Guarantees and the Security Documents, or upon compliance with the conditions precedent set forth in Article VIII for legal defeasance Legal Defeasance or covenant defeasanceCovenant Defeasance. Upon delivery by the Company to the Trustee and the Collateral Agent of an Officers’ ' Certificate and an Opinion of Counsel, each to the effect that such conditions precedent have been complied with (and which may be the same Officers’ ' Certificate and Opinion of Counsel required by Article VIIIVIII hereof), together with such documentation, if any, as may be required by the Trustee or the TIA (including, without limitation, TIA § (S) 314(d)) or reasonably required by the Trustee prior to the release of such Collateral, the Trustee shall forthwith promptly take all action that is necessary action or reasonably requested by the Company (at the request of and the expense of the Company) to release and reconvey to the Company and the applicable Guarantors without recourse all of the Collateral, and shall deliver such Collateral in its possession to the Company and the applicable Guarantors including, without limitation, the execution and delivery of releases and satisfactions wherever required.

Satisfaction and Discharge Defeasance. The Company and the Guarantors shall be entitled to obtain a full release of all of the Collateral from the Liens of this Indenture and of the Security Documents upon payment in full of all principal, premium, if any, interest and Additional Interest, if any, on the Notes and of all Obligations for the payment of money due and owing to the Trustee or the Holders, or upon compliance with the conditions precedent set forth in Article VIII for legal defeasance or covenant defeasance. Upon delivery by the Company to the Trustee and the Collateral Agent of an Officers’ Certificate and an Opinion of Counsel, each to the effect that such conditions precedent have been complied with (and which may be the same Officers’ Certificate and Opinion of Counsel required by Article VIII), together with such documentation, if any, as may be required by the Trustee or the TIA (including, without limitation, TIA § 314(d)) prior to the release of such Collateral, the Trustee shall forthwith take all necessary action (at the request of and the expense of the Company) to release and reconvey to the Company and the applicable Guarantors without recourse all of the Collateral, and shall deliver such Collateral in its possession to the Company and the applicable Guarantors including, without limitation, the execution and delivery of releases and satisfactions wherever required.

Satisfaction and Discharge Defeasance. The Company and the Subsidiary Guarantors shall be entitled to obtain a full release of all of the Collateral from the Liens of this Indenture and of the Security Collateral Documents upon payment in full of all principal, premium, if any, interest and Additional InterestLiquidated Damages, if any, on the Notes and of all Obligations for the payment of money due and owing to the Trustee or the Holders, or upon compliance with the conditions precedent set forth in Article VIII 8 for legal defeasance Legal Defeasance or covenant defeasanceCovenant Defeasance. Upon delivery by the Company to the Trustee and the Collateral Agent of an Officers’ ' Certificate and an Opinion of Counsel, each to the effect that such conditions precedent have been complied with (and which may be the same Officers’ ' Certificate and Opinion of Counsel required by Article VIII)8), together with such documentation, if any, as may be required by the Trustee or the TIA (including, without limitation, TIA § Section 314(d)) prior to the release of such Collateral, the Trustee shall forthwith take all necessary action (at the request of and the expense of the Company) to release and reconvey to the Company and the applicable Subsidiary Guarantors without recourse all of the Collateral, and shall deliver such Collateral in its possession to the Company and the applicable Subsidiary Guarantors including, without limitation, the execution and delivery of releases and satisfactions wherever required.

Satisfaction and Discharge Defeasance. The Company and the Guarantors Restricted Subsidiaries shall be entitled to obtain a full release of all of the Collateral from the Liens of this Indenture and of the Security Collateral Documents with respect to the Note Obligations upon payment in full of all principal, premium, if any, interest and Additional Interest, if any, on the Notes and of all other Obligations for the payment of money due and owing to the Trustee or the HoldersHolders under this Indenture, the Notes, the Guarantees and the Collateral Documents, or upon compliance with the conditions precedent set forth in Article VIII 12 hereof for legal defeasance Legal Defeasance or covenant defeasanceCovenant Defeasance. Upon such payment or upon delivery by the Company to the Trustee and the Collateral Agent of an Officers’ ' Certificate and an Opinion of Counsel, each to the effect that such conditions precedent have been complied with (and which may be the same Officers’ ' Certificate and Opinion of Counsel required by Article VIII12), together with such documentation, if any, as may be required by the Trustee or the TIA (including, without limitation, TIA § Section 314(d)) of the TIA) or reasonably required by the Trustee prior to the release of such Collateral, the Trustee shall forthwith take all action that is necessary action or reasonably requested by the Company (in each case at the request of and the expense of the Company) to release and reconvey to the Company and the applicable Guarantors without recourse all of the Collateral, and shall deliver such Collateral in its possession to the Company and shall execute and deliver to the applicable Guarantors including, without limitation, the execution and delivery of Company releases and satisfactions wherever requiredsatisfactions, in recordable form, to the extent reasonably requested by the Company.

Satisfaction and Discharge Defeasance. The Company Issuer and the Guarantors shall be entitled to obtain a full release of all of the Collateral from the Liens of this Indenture and of the Security Documents upon payment in full of all principal, premium, if any, interest and Additional Interest, if any, on the Notes and of all Obligations for the payment of money due and owing to the Trustee or the Holders, or upon compliance with the conditions precedent set forth in Article VIII for legal defeasance or covenant defeasance. Upon delivery by the Company Issuer to the Trustee and the Collateral Agent of an Officers’ Certificate and an Opinion of Counsel, each to the effect that such conditions precedent have been complied with (and which may be the same Officers’ Certificate and Opinion of Counsel required by Article VIII), together with such documentation, if any, as may be required by the Trustee or the TIA (including, without limitation, TIA § 314(d)) prior to the release of such Collateral, the Trustee shall forthwith take all necessary action (at the request of and the expense of the CompanyIssuer) to release and reconvey to the Company Issuer and the applicable Guarantors without recourse all of the Collateral, and shall deliver such Collateral in its possession to the Company Issuer and the applicable Guarantors including, without limitation, the execution and delivery of releases and satisfactions wherever required.

Satisfaction and Discharge Defeasance. The Company and the -------------------------------------- Subsidiary Guarantors shall be entitled to obtain a full release of all of the Collateral from the Liens of this Indenture and of the Security Collateral Documents upon payment in full of all principal, premium, if any, interest and Additional Interest, if any, on the Notes and of all Obligations for the payment of money due and owing to the Trustee or the Holders, or upon compliance with the conditions precedent set forth in Article VIII 8 for legal defeasance Legal Defeasance or covenant defeasanceCovenant Defeasance. Upon delivery by the Company to the Trustee and the Collateral Agent of an Officers’ ' Certificate and an Opinion of Counsel, each to the effect that such conditions precedent have been complied with (and which may be the same Officers’ ' Certificate and Opinion of Counsel required by Article VIII)8), together with such documentation, if any, as may be required by the Trustee or the TIA (including, without limitation, TIA § (S) 314(d)) prior to the release of such CollateralXxxxx xxxxx, the Trustee shall forthwith take all necessary action (at the request of and the expense of the Company) to release and reconvey to the Company and the applicable Subsidiary Guarantors without recourse all of the CollateralColla t-eral, and shall deliver such Collateral in its possession to the Company and the applicable Subsidiary Guarantors including, without limitation, the execution and delivery of releases and satisfactions wherever required.

Satisfaction and Discharge Defeasance. The Company and the Guarantors shall be entitled to obtain a full release of all of the Collateral from the Liens of this Indenture and of the Security Documents upon payment in full of all principal, premium, if any, interest and Additional Interest, if any, on the Notes and of all other Obligations for the payment of money due and owing to the Trustee or the HoldersHolders under this Indenture, the Notes, the Note Guarantees and the Security Documents, or upon compliance with the conditions precedent set forth in Article VIII hereof for legal defeasance Legal Defeasance or covenant defeasanceCovenant Defeasance. Upon such payment or upon delivery by the Company to the Trustee and the Collateral Agent of an Officers’ Certificate and an Opinion of Counsel, each to the effect that such conditions precedent have been complied with (and which may be the same Officers’ Certificate and Opinion of Counsel required by Article VIIIVIII hereof), together with such documentation, if any, as may be required by the Trustee or the TIA (including, without limitation, TIA § 314(d)) or reasonably required by the Trustee prior to the release of such Collateral, the Trustee shall forthwith take all action that is necessary action or reasonably requested by the Company (in each case at the request of and the expense of the Company) to release and reconvey to the Company and the applicable Guarantors without recourse all of the Collateral, and shall deliver such Collateral in its possession to the Company and shall execute and deliver to the applicable Guarantors including, without limitation, the execution and delivery of Company releases and satisfactions wherever requiredsatisfactions, in recordable form, to the extent reasonably requested by the Company.