Satisfaction and Discharge of Indenture Unclaimed Monies. If at any time: (a) the Company shall have delivered to the Trustee for cancellation all Debentures of a series theretofore authenticated (other than any Debentures which shall have been destroyed, lost or stolen and which shall have been replaced or paid as provided in Section 2.07 and Debentures for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereupon repaid to the Company or discharged from such trust, as provided in Section 11.04); or (b) the Company shall deposit or cause to be deposited with the Trustee as trust funds (i) the entire amount in monies or Governmental Obligations or (ii) a combination of monies and Governmental Obligations, sufficient in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay at maturity or upon redemption under arrangements satisfactory to the Trustee for the giving of notice of redemption, all Debentures of a particular series not theretofore delivered to the Trustee for cancellation, including principal (and premium, if any) and interest due or to become due to their date of maturity or date fixed for redemption, as the case may be, and if such deposit shall be made prior to the stated maturity date of the Debentures of that series, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the holders of such Debentures will not recognize gain, loss or income for federal income tax purposes as a result of the satisfaction and discharge of this Indenture with respect to such series and such holders will be subject to federal income taxation on the same amounts and in the same manner and at the same times as if such satisfaction and discharge had not occurred, and if the Company shall also pay or cause to be paid all other sums payable hereunder with respect to such series by the Company, then this Indenture shall thereupon cease to be of further effect with respect to such series except for the provisions of Sections 2.05, 2.07, 4.02 and 7.10, which shall survive until the date of maturity or redemption date, as the case may be, and Sections 7.06 and 11.04 which shall survive to such date and thereafter, and the Trustee, on demand of the Company and at the cost and expense of the Company, shall execute proper instruments acknowledging satisfaction of and discharging this Indenture with respect to such series.
Satisfaction and Discharge of Indenture Unclaimed Monies. Section 11.01. Company's Option to Effect Legal Defeasance or Covenant Defeasance. Securities of a series may be defeased in accordance with their terms and, unless the Company Order or supplemental indenture establishing the series otherwise provides, in accordance with this Article. The Company at any time may terminate as to a series all of its obligations for such series under this Indenture ("legal defeasance option"). The Company at any time may terminate as to a series its obligations, if any, under any restrictive covenant, including under Section 4.05 and Article 10, which may be applicable to a particular series ("covenant defeasance option"). However, in the case of the legal defeasance option, the Company's obligations in Sections 2.05, 2.07, 4.02, 7.06, 7.10 and 11.04 shall survive until the Securities of the series are no longer outstanding; thereafter the Company's obligations in Sections 7.06, 7.10 and 11.04 shall survive. The Company may exercise its legal defeasance option notwithstanding its prior exercise of its covenant defeasance option. If the Company exercises its legal defeasance option, a series may not be accelerated because of an Event of Default. If the Company exercises its covenant defeasance option, a series may not be accelerated by reference to any restrictive covenant which may be applicable to a particular series so defeased under the terms of the series. The Company may exercise as to a series its legal defeasance option or its covenant defeasance option if:
(1) The Company irrevocably deposits in trust with the Trustee or another trustee (x) money in an amount which shall be sufficient; or (y) Eligible Obligations the principal of and the interest on which when due, without regard to reinvestment thereof, will provide moneys, which, together with the money, if any, deposited or held by the Trustee or such other trustee, shall be sufficient, as demonstrated by evidence in form and substance reasonably acceptable to the Trustee; or (z) a combination of money and Eligible Obligations which shall be sufficient, as demonstrated by evidence in form and substance reasonably acceptable to the Trustee (which may include a verification report from an independent accountant), to pay the principal of and premium, if any, and interest, if any, due and to become due on such Securities on or prior to maturity;
(2) the Company delivers to the Trustee an Opinion of Counsel to the effect that holders of the series will not recognize inc...
Satisfaction and Discharge of Indenture Unclaimed Monies. Section 9.1 Satisfaction and Discharge 39 Section 9.2 Application by Trustee of Funds Deposited for Payment of Notes 40 Section 9.3 Repayment of Monies Held by Paying Agent 40 Section 9.4 Return of Monies Held by Trustee and Paying Agent Unclaimed for Two Years 40
Satisfaction and Discharge of Indenture Unclaimed Monies. SECTION 10.1. Termination of Issuer and Guarantor’s Obligations Under the Indenture 43 SECTION 10.2. Application of Trust Funds 44
Satisfaction and Discharge of Indenture Unclaimed Monies. Section 11.01. Satisfaction and Discharge of Indenture 56 Section 11.02. Repayment Of Monies Held By Paying Agent 56 Section 11.03. Return of Monies Held by Trustee and Paying Agent Unclaimed for Two Years 57
Satisfaction and Discharge of Indenture Unclaimed Monies. Securities of a series may be defeased in accordance with their terms and, unless the Company Order or supplemental indenture establishing the series otherwise provides, in accordance with this Article. The Company at any time may terminate as to a series all of its obligations for such series under this Indenture ("legal defeasance option"). The Company at any time may terminate as to a series its obligations, if any, under any restrictive covenant, including under Section 4.05 and Article 10, which may be applicable to a particular series ("covenant defeasance option"). However, in the case of the legal defeasance option, the Company's obligations in Sections 2.05, 2.07, 4.02, 7.06, 7.10 and 11.04 shall survive until the Securities of the series are no longer outstanding; thereafter the Company's obligations in Sections 7.06, 7.10 and 11.04 shall survive. The Company may exercise its legal defeasance option notwithstanding its prior exercise of its covenant defeasance option. If the Company exercises its legal defeasance option, a series may not be accelerated because of an Event of Default. If the Company exercises its covenant defeasance option, a series may not be accelerated by reference to any restrictive covenant which may be applicable to a particular series so defeased under the terms of the series. The Company may exercise as to a series its legal defeasance option or its covenant defeasance option if:
Satisfaction and Discharge of Indenture Unclaimed Monies. Section 9.01.
Satisfaction and Discharge of Indenture Unclaimed Monies. Section 12.01 Discharge of Indenture 45 Section 12.02 Satisfaction, Discharge and Defeasance of Debt Securities of Any Series 46 Section 12.03 Deposited Monies to be Held in Trust by Trustee 47 Section 12.04 Paying Agent to Repay Monies Held 47 Section 12.05 Return of Unclaimed Monies 47 Section 13.01 Indenture and Debt Securities Solely Corporate Obligations 48
Satisfaction and Discharge of Indenture Unclaimed Monies. Section 9.01. Satisfaction and Discharge of Indenture 35
Satisfaction and Discharge of Indenture Unclaimed Monies
