Common use of Satisfaction, Discharge and Defeasance of Securities of any Series Clause in Contracts

Satisfaction, Discharge and Defeasance of Securities of any Series. If this Section 4.3 is specified, as contemplated by Section 3.1, to be applicable to Securities of any series, then notwithstanding Section 4.1: (i) the Company shall be deemed to have paid and discharged the entire indebtedness on all the Outstanding Securities of any such series; (ii) the provisions of this Indenture as it relates to such Outstanding Securities shall no longer be in effect (except as to the rights of Holders of Securities to receive, from the trust fund described in subparagraph (1) below, payment of (x) the principal of (and premium, if any) and any installment of principal of (and premium, if any) or interest on such Securities on the Stated Maturity of such principal (and premium, if any) or installment of principal (and premium, if any) or interest or (y) any mandatory sinking fund payments or analogous payments applicable to the Securities of that series on that day on which such payments are due and payable in accordance with the terms of the Indenture and of such Securities, the Company's obligations with respect to such Securities under Sections 3.4, 3.5, 3.6, 10.2, 10.3, and 10.4 and the rights, powers, trusts, duties and immunities of the Trustee hereunder, including those under Section 6.7 hereof); and (iii) the Trustee, at the expense of the Company, shall, upon Company Request, execute proper instruments acknowledging satisfaction and discharge of such indebtedness, when:

Appears in 3 contracts

Samples: Indenture (International Paper Co /New/), International Paper Capital Trust Iii, International Paper Capital Trust Iii

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Satisfaction, Discharge and Defeasance of Securities of any Series. If this Section 4.3 is specifiedUnless otherwise established, as contemplated by Section 3.13.01, to be applicable with respect to Securities of any series, then the Company shall, notwithstanding Section 4.1: (i) the Company shall 6.01, be deemed to have paid and discharged the entire indebtedness on all the Outstanding Securities of any such series; series from and after the ninety-first day after the date of the deposit referred to in paragraph (iia) below, the provisions of this Indenture as it relates to such Outstanding Securities shall no longer be in effect (except as to the rights of Holders of Outstanding Securities of such series to receive, from the trust fund funds described in subparagraph paragraph (1a) below, payment of (x) the principal of (and of, premium, if any) , and any installment of principal of (and premiuminterest, if any) or interest , on such Outstanding Securities on the Stated Maturity of such principal (and principal, premium, if any) , or installment of principal (and premiuminterest, if any) or interest or (y) any mandatory sinking fund payments or analogous payments applicable to the Securities of that series on that day on which such payments are due and payable in accordance with the terms of the Indenture and of such Securities, the Company's obligations with respect to such Outstanding Securities of such series under Sections 3.43.05, 3.53.06, 3.66.05 and 12.02 as may be applicable to Outstanding Securities of such series, 10.2, 10.3, and 10.4 and the rights, powers, trusts, duties duties, indemnities and immunities of the Trustee hereunder) shall no longer be in effect in respect of Outstanding Securities of such series, including those under Section 6.7 hereof); and (iii) the Trustee, at the expense of the Company, shall, upon Company Request, shall execute proper instruments acknowledging satisfaction and discharge of such indebtedness, when; provided that the following conditions shall have been satisfied:

Appears in 3 contracts

Samples: Citizens Funding Trust IV, Citizens Funding Trust IV, Citizens Funding Trust IV

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Satisfaction, Discharge and Defeasance of Securities of any Series. If Unless this Section 4.3 6.02 is specified, as contemplated by Section 3.13.01 hereof, to be applicable inapplicable to Securities of any series, then the Company shall, notwithstanding Section 4.1: (i) the Company shall 6.01 hereof, be deemed to have paid and discharged the entire indebtedness on all the Outstanding Securities of any such series; series from and after the ninety-first day after the date of the deposit referred to in paragraph (iia) below, the provisions of this Indenture as it relates to such Outstanding Securities shall no longer be in effect (except as to the rights of Holders of Outstanding Securities of such series to receive, from the trust fund funds described in subparagraph paragraph (1a) below, payment of (x) the principal of (and premium, if any) and any installment of principal of (and premiuminterest, if any) or interest , on such Outstanding Securities on the Stated Maturity of such principal (and principal, premium, if any) , or installment of principal (and premiuminterest, if any) or interest or (y) any mandatory sinking fund payments or analogous payments applicable to the Securities of that series on that day on which such payments are due and payable in accordance with the terms of the Indenture and of such Securities, the Company's ’s obligations with respect to such Outstanding Securities of such series under Sections 3.43.05, 3.53.06, 3.66.05 and 12.02 hereof, 10.2as may be applicable to Outstanding Securities of such series, 10.3, and 10.4 and the rights, powers, trusts, duties duties, indemnities and immunities of the Trustee hereunder) shall no longer be in effect in respect of Outstanding Securities of such series, including those under Section 6.7 hereof); and (iii) the Trustee, at the expense of the Company, shall, upon Company Request, shall execute proper instruments acknowledging satisfaction and discharge of such indebtedness, whenprovided, however, that the following conditions shall have been satisfied:

Appears in 1 contract

Samples: Indenture (American Express Credit Corp)

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