Common use of Satisfaction and Discharge Defeasance Clause in Contracts

Satisfaction and Discharge Defeasance. The Company 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 on the Securities and of all other Obligations for the payment of money due and owing to the Trustee or the Holders under this Indenture, the Securities, the Guarantees and the Security Documents, or upon compliance with the conditions precedent set forth in Article Twelve hereof for covenant defeasance. Upon such payment or upon delivery by the Company to the Trustee 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 Twelve hereof), together with such documentation, if any, as may be required by the Trust Indenture Act (including, without limitation, 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 or reasonably requested by the Company (in each case at the expense of the Company) to release and reconvey to the Company 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 Company releases and satisfactions, in recordable form, to the extent reasonably requested by the Company.

Satisfaction and Discharge Defeasance. The Company 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, interest and interest Additional Interest, if any, on the Securities Notes and of all other Obligations for the payment of money due and owing to the Trustee or the Holders under this Indenture, the SecuritiesNotes, the Guarantees and the Security Documents, or upon compliance with the conditions precedent set forth in Article Twelve VIII hereof for covenant defeasanceLegal Defeasance or Covenant Defeasance. Upon such payment or upon delivery by the Company to the Trustee 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 Twelve VIII hereof), together with such documentation, if any, as may be required by the Trust Indenture Act TIA (including, without limitation, Trust Indenture Act TIA 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 or reasonably requested by the Company (in each case at the expense of the Company) to release and reconvey to the Company 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 Company releases and satisfactions, 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, interest and interest Additional Interest, if any, on the Securities Notes and of all other Obligations for the payment of money due and owing to the Trustee or the Holders under this Indenture, the Securities, the Guarantees and the Security DocumentsHolders, or upon compliance with the conditions precedent set forth in Article Twelve hereof VIII 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 Twelve hereofVIII), together with such documentation, if any, as may be required by the Trust Indenture Act Trustee or the TIA (including, without limitation, Trust Indenture Act Section TIA § 314(d)) or reasonably required by the Trustee prior to the release of such Security Collateral, the Trustee shall forthwith take all necessary action that is necessary or reasonably requested by (at the Company (in each case at 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 the applicable Guarantors including, without limitation, the execution and deliver to the Company delivery of releases and satisfactions, in recordable form, to the extent reasonably requested by the Companysatisfactions wherever required.

Satisfaction and Discharge Defeasance. The Company and the -------------------------------------- Subsidiary 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 Collateral Documents upon payment in full of all principal, premium, if any, interest and interest Additional Interest, if any, on the Securities Notes and of all other Obligations for the payment of money due and owing to the Trustee or the Holders under this Indenture, the Securities, the Guarantees and the Security DocumentsHolders, or upon compliance with the conditions precedent set forth in Article Twelve hereof 8 for covenant defeasanceLegal Defeasance or Covenant Defeasance. Upon such payment or upon delivery by the Company to the Trustee 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 Twelve hereof)8), together with such documentation, if any, as may be required by the Trust Indenture Act Trustee or the TIA (including, without limitation, Trust Indenture Act Section TIA (S) 314(d)) or reasonably required by the Trustee prior to the release of such Security CollateralXxxxx xxxxx, the Trustee shall forthwith take all necessary action that is necessary or reasonably requested by (at the Company (in each case at 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 Security CollateralColla t-eral, and shall deliver such Security Collateral in its possession to the Company and shall execute the applicable Subsidiary Guarantors including, without limitation, the execution and deliver to the Company delivery of releases and satisfactions, in recordable form, to the extent reasonably requested by the Companysatisfactions wherever required.

Satisfaction and Discharge Defeasance. The Company 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 on the Securities and of all other Obligations for the payment of money due and owing to the Trustee or the Holders under this Indenture, the Securities, the Guarantees and the Security Documents, or upon compliance with the conditions precedent set forth in Article Twelve hereof for covenant defeasance. Upon such payment or upon delivery by the Company to the Trustee 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 Twelve hereof), together with such documentation, if any, as may be required by the Trust Indenture Act (including, without limitation, 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 or reasonably requested by the Company (in each case at the expense of the Company) to release and reconvey to the Company 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 Company releases and satisfactions, in recordable formform and other instruments, agreements and acknowledgements related thereto, in each case to the extent reasonably requested by the Company.

Satisfaction and Discharge Defeasance. The Company Issuers shall be entitled to obtain a full release of all of the Security 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 interest Additional Interest, if any, on the Securities Notes and of all other Obligations for the payment of money due and owing to the Trustee or the Holders under this Indenture, the SecuritiesNotes, the Guarantees and the Security Collateral Documents, or upon compliance with the conditions precedent set forth in Article Twelve VIII hereof for covenant defeasanceLegal Defeasance or Covenant Defeasance. Upon such payment or upon delivery by the Company Issuers to the Trustee 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 Twelve VIII hereof), together with such documentation, if any, as may be required by the Trust Indenture Act TIA (including, without limitation, Trust Indenture Act Section TIA § 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 or reasonably requested by the Company (in each case at the expense of the Company) to release and reconvey to the Company Issuers without recourse all of the Security Collateral, and shall deliver such Security Collateral in its possession to the Company Issuers and shall execute and deliver to the Company Issuers releases and satisfactions, in recordable form, to the extent reasonably requested by the CompanyIssuers.

Satisfaction and Discharge Defeasance. The Company and the Restricted Subsidiaries shall be entitled to obtain a full release of all of the Security 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, and interest on the Securities Notes and of all other Obligations for the payment of money due and owing to the Trustee or the Holders under this Indenture, the SecuritiesNotes, the Guarantees and the Security Collateral Documents, or upon compliance with the conditions precedent set forth in Article Twelve 12 hereof for covenant defeasanceLegal Defeasance or Covenant Defeasance. Upon such payment or upon delivery by the Company to the Trustee 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 Twelve hereof12), together with such documentation, if any, as may be required by the Trust Indenture Act TIA (including, without limitation, Trust Indenture Act Section 314(d)) of the TIA) or reasonably required by the Trustee prior to the release of such Security Collateral, the Trustee shall forthwith take all action that is necessary or reasonably requested by the Company (in each case at the expense of the Company) to release and reconvey to the Company 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 Company releases and satisfactions, 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 Collateral Documents upon payment in full of all principal, premium, if any, interest and interest Liquidated Damages, if any, on the Securities Notes and of all other Obligations obligations for the payment of money due and owing to the Trustee or the Holders under this Indenture, the Securities, the Guarantees and the Security DocumentsHolders, or upon compliance with the conditions precedent set forth in Article Twelve hereof 8 for covenant defeasanceLegal Defeasance or Covenant Defeasance. Upon the release of any Guarantor form its obligations under this Indenture and its Guarantee pursuant to Section 12.03 hereof, such payment or upon Guarantors shall be entitled to obtain the release of all of its Collateral from the Liens of this Indenture and of the Collateral Documents. Upon delivery by the Company to the Trustee 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 Twelve hereof)8), together with such documentation, if any, as may be required by the Trust Indenture Act Trustee or the TIA (including, without limitation, Trust Indenture Act Section TIA ss. 314(d)) or reasonably required by the Trustee prior to the release of such Security Collateral, the Trustee shall forthwith take all necessary action that is necessary or reasonably requested by (at the Company (in each case at written 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 Col lateral in its possession to the Company and shall execute the applicable Guarantors including, without limitation, the execution and deliver to the Company delivery of releases and satisfactions, in recordable form, to the extent reasonably requested by the Companysatisfactions wherever required.

Satisfaction and Discharge Defeasance. The Company and the Subsidiary 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 principalprincipal of, premium, if any, and interest on the Securities Notes and of all other Obligations obligations for the payment of money due and owing to the Trustee or the Holders under this Indenture, the Securities, the Guarantees and the Security DocumentsHolders, or upon compliance with the conditions precedent set forth in Article Twelve hereof 9 for covenant defeasanceLegal Defeasance or Covenant Defeasance. Upon the release of any Subsidiary Guarantor from its obligations under this Indenture and its Subsidiary Guarantee pursuant to Section 10.05 hereof, such payment or upon Subsidiary Guarantor shall be entitled to obtain the release of all of its Collateral from the Liens of the Security Documents. Upon delivery by the Company to the Trustee 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 Twelve hereof9), together with such documentation, if any, as may be required by the Trust Indenture Act (including, without limitation, Trust Indenture Act Section 314(d)) or reasonably required by the Trustee Collateral Agent prior to the release of such Security Collateral, the Trustee Collateral Agent shall forthwith take all necessary action that is necessary or reasonably requested by (at the Company (in each case at written 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 Security Collateral, and shall deliver such Security Collateral in its possession to the Company and shall execute the applicable Subsidiary Guarantors including, without limitation, the execution and deliver to the Company delivery of releases and satisfactions, in recordable form, to the extent reasonably requested by the Companysatisfactions wherever required.

Satisfaction and Discharge Defeasance. The Company and any 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 principalprincipal of, premium, if any, and interest on the Securities Notes and of all other Obligations obligations for the payment of money due and owing to the Collateral Agent, the Trustee or the Holders under pursuant to the Notes, this Indenture, the Securities, the Guarantees and the Indenture or any Security Documents, or upon compliance with the conditions precedent set forth in Article Twelve hereof 8 for covenant defeasanceLegal Defeasance or Covenant Defeasance. Upon the release of any Guarantor from its obligations under this Indenture and its Guarantee pursuant to Section 4.16(c), such payment or upon Guarantor shall be entitled to obtain the release of all of its Collateral from the Liens of the Security Documents. Upon delivery by the Company Issuer to the Trustee 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 Twelve hereof9), together with such documentation, if any, as may be required by the Trust Indenture Act (including, without limitation, Trust Indenture Act Section 314(d)) or reasonably required by the Trustee Collateral Agent prior to the release of such Security Collateral, the Trustee Collateral Agent shall forthwith take all necessary action that is necessary or reasonably requested by (at the Company (in each case at written 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 Security Collateral, and shall deliver such Security Collateral in its possession to the Company Issuer and shall execute the applicable Guarantors, including, without limitation, the execution and deliver to the Company delivery of releases and satisfactions, in recordable form, to the extent reasonably requested by the Companysatisfactions wherever required.

Satisfaction and Discharge Defeasance. The Company shall Issuers and the Guarantors shall, subject to the provisions of the Priority Intercreditor Agreement, be entitled to obtain a full release of all of the Security 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 interest Additional Interest, if any, on the Securities Notes and of all other Obligations for the payment of money due and owing to the Trustee or the Holders under this Indenture, the Securities, the Guarantees and the Security DocumentsHolders, or upon compliance with the conditions precedent set forth in Article Twelve hereof 8 for covenant defeasanceSatisfaction and Discharge, Legal Defeasance or Covenant Defeasance. Upon such payment or upon delivery by the Company to the Trustee 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 Twelve hereof)8), together with such documentation, if any, as may be required by the Trust Indenture Act Trustee or the TIA (including, without limitation, Trust Indenture Act TIA Section 314(d)) or reasonably required by the Trustee prior to the release of such Security Collateral, the Trustee shall subject to the terms of the Priority Intercreditor Agreement forthwith instruct the Collateral Agent to take all necessary action that is necessary or reasonably requested by (at the Company (in each case at request of and the expense of the CompanyIssuers) to release and reconvey to the Company each of the Issuers and the applicable Guarantors without recourse all of the Security Collateral, and shall instruct the Collateral Agent, subject to the provisions of the Priority Intercreditor Agreement, to deliver such Security Collateral in its possession to the Company and shall execute the applicable Guarantors including, without limitation, the execution and deliver to the Company delivery of releases and satisfactions, in recordable form, to the extent reasonably requested by the Companysatisfactions wherever required.

Satisfaction and Discharge Defeasance. The Company shall Issuers and the Guarantors shall, subject to the provisions of the Priority Intercreditor Agreement, be entitled to obtain a full release of all of the Security 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 interest Additional Interest, if any, on the Securities Notes and of all other Obligations for the payment of money due and owing to the Trustee or the Holders under this Indenture, the Securities, the Guarantees and the Security DocumentsHolders, or upon compliance with the conditions precedent set forth in Article Twelve hereof 8 for covenant defeasanceSatisfaction and Discharge, Legal Defeasance or Covenant Defeasance. Upon such payment or upon delivery by the Company to the Trustee 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 Twelve hereof)8), together with such documentation, if any, as may be required by the Trust Indenture Act Trustee or the TIA (including, without limitation, Trust Indenture Act TIA Section 314(d)) or reasonably required by the Trustee prior to the release of such Security Collateral, the Trustee shall shall, subject to the terms of the Priority Intercreditor Agreement, forthwith instruct the Collateral Agent to take all necessary action that is necessary or reasonably requested by (at the Company (in each case at request of and the expense of the CompanyIssuers) to release and reconvey to the Company each of the Issuers and the applicable Guarantors without recourse all of the Security Collateral, and shall instruct the Collateral Agent, subject to the provisions of the Priority Intercreditor Agreement, to deliver such Security Collateral in its possession to the Company and shall execute the applicable Guarantors including, without limitation, the execution and deliver to the Company delivery of releases and satisfactions, in recordable form, to the extent reasonably requested by the Companysatisfactions wherever required.

Satisfaction and Discharge Defeasance. The Company shall be entitled to obtain a full release of all of the Security Collateral from the Liens Lien of this Indenture and of the Security Documents upon payment in full of all principal, premium, if any, and interest on the Securities and of all other Obligations for the payment of money due and owing to the Trustee or the Holders under this Indenture, the Securities, the Guarantees and the Security Documents, or upon compliance with all of the conditions precedent set forth for satisfaction and discharge of this Indenture pursuant to Article X, for a defeasance pursuant to Article VIII or in Article Twelve hereof for covenant defeasanceaccordance with, and subject to, Section 9.2. Upon such payment or upon delivery by the Company to the Trustee of an Officers' Certificate and an Opinion of Counsel, each to the effect that such all of the conditions precedent have been complied with (and which may be the same Officers' Certificate and Opinion of Counsel required by Article Twelve hereofVIII), together with such documentation, if any, as may be required by this Indenture or the Trust Indenture Act TIA (including, including without limitation, Trust Indenture Act TIA Section 314(d3.14(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 or reasonably requested by the Company (in each case action, at the request and expense of the Company) , to release and reconvey reconvey, or to ensure that the Collateral Agent shall release and reconvey, to the Company without recourse all of the Security Collateral, and shall deliver deliver, or shall instruct delivery by the Collateral Agent of, such Security Collateral in its its, or their, possession to the Company including, without limitation, the execution and shall execute and deliver to the Company delivery of releases and satisfactions, in recordable form, to the extent reasonably requested by the Companyor waivers whenever necessary.

Satisfaction and Discharge Defeasance. The Company 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 on the Securities Notes and of all other Obligations for the payment of money due and owing to the Trustee or the Holders under this Indenture, the SecuritiesNotes, the Note Guarantees and the Security Documents, or upon compliance with the conditions precedent set forth in Article Twelve VIII hereof for covenant defeasanceLegal Defeasance or Covenant Defeasance. Upon such payment or upon delivery by the Company to the Trustee 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 Twelve VIII hereof), together with such documentation, if any, as may be required by the Trust Indenture Act TIA (including, without limitation, Trust Indenture Act Section TIA § 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 or reasonably requested by the Company (in each case at the expense of the Company) to release and reconvey to the Company 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 Company releases and satisfactions, in recordable form, to the extent reasonably requested by the Company.