Common use of Termination of Company's Obligations Clause in Contracts

Termination of Company's Obligations. This Indenture shall cease to be of further effect (except that the Company’s obligations under Sections 7.07 and 8.03 shall survive) when all outstanding Securities theretofore issued have been delivered to the Trustee for cancellation. In addition, the Company may terminate all of its obligations under this Indenture if: (1) the Securities then-outstanding are to be called for redemption within one year under arrangements satisfactory to the Trustee for giving the notice of redemption; and (2) the Company irrevocably deposits in trust with the Trustee money or U.S. Government Obligations sufficient to pay principal and interest on the Securities to redemption. The Company may make the deposit only during the one-year period and only if Article 10 permits it. However, the Company’s obligations in Sections 2.04, 2.05, 2.06, 2.07, 2.08, 4.01, 7.07, 7.08 and 8.03 shall survive until the Securities are no longer outstanding. Thereafter the Company’s obligations in Section 7.07 and 8.03 shall survive. After such deposit, the Trustee upon request shall acknowledge in writing the discharge of the Company’s obligations under this Indenture except for those surviving obligations specified above. In order to have money available on a payment date to pay principal or interest on the Securities, the U.S. Government obligations shall be payable as to principal or interest on or before such payment date in such amounts as will provide the necessary money. U. S. Government Obligations shall not be callable at the issuer’s option.

Termination of Company's Obligations. This Indenture shall cease to be of further effect (except that the Company’s obligations under Sections 7.07 and 8.03 shall survive) when all outstanding Securities theretofore issued have been delivered to the Trustee for cancellation. In addition, the The Company may terminate all of its obligations under this Indenture if all Securities previously authenticated and delivered (other than mutilated, destroyed, lost or stolen Securities which have been replaced or paid) have been delivered to the Trustee for cancellation or if: (1) the Securities then-outstanding mature within one year or all of them are to be called for redemption within one year under arrangements satisfactory to the Trustee for giving the notice of redemption; and; (2) the Company irrevocably deposits in trust with the Trustee money or U.S. Government Obligations sufficient to pay principal of and interest on the Securities to maturity or redemption, as the case may be. Immediately after making the deposit, the Company shall give notice of such event to the Securityholders; (3) the Company has paid or caused to be paid all sums then payable by the Company to the Trustee hereunder as of the date of such deposit; and (4) the Company has delivered to the Trustee an Officers' Certificate stating that all conditions precedent provided for herein relating to the satisfaction and discharge of this Indenture have been complied with. The Company may make the deposit only during the one-year period and only if Article 10 11 permits it. However, the Company’s 's obligations in Sections 2.03, 2.04, 2.05, 2.06, 2.07, 2.08, 4.01, 7.07, 7.08 and 8.03 8.03, and in Article 10, shall survive until the Securities are no longer outstanding. Thereafter the Company’s 's obligations in Section Sections 7.07 and 8.03 shall survive. After such deposita deposit pursuant to this Section 8.01, the Trustee upon request shall acknowledge in writing the discharge of the Company’s 's obligations under the Securities and this Indenture except for those surviving obligations specified above. In order to have money available on a payment date to pay principal or interest on the Securities, the U.S. Government obligations Obligations shall be payable as to principal or interest on or before such payment date in such amounts as will provide the necessary money. U. S. Government Obligations shall not be callable at the issuer’s option.

Termination of Company's Obligations. This Indenture shall cease to be of further effect (except that the Company’s obligations under Sections 7.07 and 8.03 shall survive) when all outstanding Securities theretofore issued have been delivered to the Trustee for cancellation. In addition, the The Company may terminate all of its obligations under this Indenture if: (1) the Securities then-outstanding mature within one year or all of them are to be called for redemption within one year under arrangements satisfactory to the Trustee for giving the notice of redemption; and (2) the Company irrevocably deposits in trust with the Trustee money or U.S. Government Obligations sufficient to pay principal and interest on the Securities to maturity or redemption, as the case may be. The Company may make the deposit only during the one-year period and only if Article 10 permits itperiod. However, the Company’s 's obligations in Sections 2.03, 2.04, 2.05, 2.06, 2.07, 2.08, 4.01, 7.07, 7.08 and 8.03 hereof shall survive until the Securities are no longer outstanding. Thereafter Thereafter, the Company’s 's obligations in Section Sections 7.07 and 8.03 hereof shall survive. After such deposit, a deposit the Trustee upon request shall acknowledge in writing the discharge of the Company’s 's obligations under this Indenture except for those surviving obligations specified above. In order to have money available on a payment date to pay principal or interest on the Securities, the U.S. Government obligations Obligations shall be payable as to principal or interest on or before such payment date in such amounts as will provide the necessary money. U. S. U.S. Government Obligations shall not be callable at the issuer’s Company's option.

Termination of Company's Obligations. This Indenture shall cease to be of further effect (except that the Company’s 's obligations under Sections 7.07 and 8.03 shall survive) when all outstanding Securities Debentures theretofore authenticated and issued have been delivered to the Trustee for cancellation. In addition, the Company may terminate all of its obligations under this Indenture if: (1a) The Debentures then outstanding mature within one year or all of the Securities then-Debentures then outstanding are to be called for redemption within one year under arrangements satisfactory to the Trustee for giving the notice of redemption; and (2b) the The Company irrevocably deposits in trust with the Trustee money or U.S. Government Obligations sufficient to pay principal and interest on the Securities Debentures then outstanding to maturity or redemption, as the case may be. The Company may make the deposit only during the one-year period and only if Article 10 11 permits it. However, the Company’s 's obligations in Sections 2.04, 2.05, 2.06, 2.07, 2.08, 4.01, 7.076.07, 7.08 6.08 and 8.03 8.03, and in Article 10, shall survive until the Securities no Debentures are no longer outstanding. Thereafter Thereafter, only the Company’s 's obligations in Section Sections 7.07 and 8.03 shall survive. After such depositIf a deposit is made pursuant to this Section 8.01, the Trustee upon request shall acknowledge in writing the discharge of the Company’s 's obligations under this Indenture Indenture, except for those surviving obligations specified above. In order to have money available on a payment date to pay principal or interest on the SecuritiesDebentures, the U.S. Government obligations Obligations shall be payable as to principal or interest on or before such payment date in such amounts as will provide the necessary money. U. S. U.S. Government Obligations shall not be callable at the issuer’s 's option.

Termination of Company's Obligations. This Indenture shall cease to be of further effect (except that the Company’s 's obligations under Section 7.07 and the Trustee's obligations under Sections 7.07 8.02 and 8.03 shall survive) when all outstanding Securities theretofore authenticated and issued have been delivered to the Trustee for cancellationcancellation and the Company has paid all sums payable hereunder. In addition, the Company may terminate all of its obligations under this Indenture (except the Company's obligations under Sections 7.07) if: (1) the Securities then-outstanding mature within one year or all of them are to be called for redemption within one year under arrangements satisfactory to the Trustee for giving the notice of redemption; and (2) the Company irrevocably deposits in trust with the Trustee money or U.S. Government Obligations sufficient to pay principal and interest on the Securities to maturity or redemption, as the case may be, and to pay all other sums payable by it hereunder. The Company may make the deposit only during the one-year period and only if Article 10 11 permits it. However, the Company’s 's obligations in Sections 2.03, 2.04, 2.05, 2.06, 2.07, 2.08, 4.01, 7.07, 7.08 8.03, 8.04 and 8.03 in Article 10, shall survive until the Securities are no longer outstanding. Thereafter Thereafter, only the Company’s 's obligations in under Section 7.07 and 8.03 shall survive. After such deposita deposit made pursuant to this Section 8.01, the Trustee upon request shall acknowledge in writing the discharge of the Company’s 's obligations under this Indenture except for those surviving obligations specified above. In order to have money available on a payment date to pay principal or interest on the Securities, the U.S. Government obligations shall be payable as to principal or interest on or before such payment date in such amounts as will provide the necessary money. U. S. Government Obligations shall not be callable at the issuer’s option.

Termination of Company's Obligations. This Indenture shall cease to be of further effect (except that the Company’s obligations under Sections 7.07 and 8.03 shall survive) when all outstanding Securities theretofore issued have been delivered to the Trustee for cancellation. In addition, the The Company may terminate all of its obligations under this Indenture if: (1) the Securities then-outstanding mature within six months or all of them are to be called for redemption within one year under arrangements satisfactory to the Trustee for giving the notice of redemption; and (2) the Company irrevocably deposits in trust with the Trustee money or U.S. Government Obligations sufficient to pay principal and interest on the Securities to maturity or redemption, as the case may be. The Company may make the deposit only during the one-year period within which the Securities are to be called for redemption and only if Article 10 11 permits it. However, the Company’s 's obligations in Sections 2.042.3, 2.052.4, 2.062.5, 2.072.6, 2.082.7, 4.014.1, 7.077.7, 7.08 7.8 and 8.03 8.3, and in Article 10, shall survive until the Securities are no longer outstanding. Thereafter the Company’s 's obligations in Section 7.07 Sections 7.7 and 8.03 8.3 shall survive. After such deposit, a deposit the Trustee upon request shall acknowledge in writing the discharge of the Company’s 's obligations under this Indenture except for those surviving obligations specified above. In order to have money available on a payment date to pay principal or interest on the Securities, the U.S. Government obligations Obligations shall be payable as to principal or interest on or before such payment date in such amounts as will provide the necessary money. U. S. U.S. Government Obligations shall not be callable at the issuer’s 's option.

Termination of Company's Obligations. This Indenture shall cease to be of further effect (except that the Company’s obligations under Sections Section 7.07 and 8.03 shall survive) when all outstanding Securities theretofore authenticated and issued have been delivered to the Trustee for cancellationcancellation and the Company has paid all sums payable hereunder. In addition, the Company may terminate all of its obligations under this Indenture if: (1) the Securities then-outstanding mature within one year or all of them are to be called for redemption within one year under arrangements satisfactory to the Trustee for giving the notice of redemption; and (2) the Company irrevocably deposits in trust with the Trustee money or U.S. Government Obligations Securities sufficient to pay principal and interest on the Securities to maturity or redemption, as the case may be. The Company may make the deposit only during the one-year period and only if Article 10 11 permits it. However, the Company’s 's obligations in Sections 2.03, 2.04, 2.05, 2.06, 2.07, 2.084.01, 4.014.04, 7.07, 7.08 , 8.03 and 8.03 8.04, and in Article 10, shall survive until the Securities are no longer outstanding. Thereafter Thereafter, only the Company’s obligations in Section 7.07 Sections 7.07, 8.03 and 8.03 8.04 shall survive. After such deposita deposit made pursuant to this Section 8.01, the Trustee upon request shall acknowledge in writing the discharge of the Company’s 's obligations under this Indenture except for those surviving obligations specified above. In order to have money available on a payment date to pay principal or interest on the Securities, the U.S. Government obligations Securities shall be payable as to principal or interest on or before such payment date in such amounts as will provide the necessary money. U. S. Government Obligations Securities shall not be callable at the issuer’s 's option.

Termination of Company's Obligations. This Indenture shall cease to be of further effect (except that the Company’s obligations under Sections 7.07 and 8.03 shall survive) when all outstanding Securities theretofore issued have been delivered to the Trustee for cancellation. In addition, the The Company may terminate all of its obligations under the Securities and this Indenture if: (a) all Securities previously authenticated and delivered (other than destroyed, lost or stolen Securities which have been replaced or paid) have been delivered to the Trustee for cancellation and the Company has been paid all sums payable by it hereunder; or (1) the Securities then-outstanding are to be called for redemption mature within one year under arrangements satisfactory to the Trustee for giving the notice of redemption; year, and (2) the Company irrevocably deposits in trust with the Trustee money immediately available funds or U.S. Government Obligations sufficient to pay principal and interest on the Securities to redemption. The Company may make the deposit only during the one-year period and only if Article 10 permits itmaturity. However, the Company’s 's obligations in Sections 2.03, 2.04, 2.05, 2.06, 2.07, 2.08, 4.01, 7.07, 7.08 6.07 and 8.03 6.08 shall survive until the Securities are no longer outstanding. Thereafter the Company’s 's obligations in Section 7.07 and 8.03 6.07 shall survive. After such depositUpon receipt, in the case of (a) or (b) above in this Section 7.01, by the Trustee of an Officers' Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture have been complied with, the Trustee upon request shall acknowledge in writing the discharge of the Company’s 's obligations under the Securities and this Indenture except for those surviving obligations specified above. In order to have money available on a payment date to pay principal or interest on the Securities, the U.S. Government obligations Obligations shall be payable as to principal or interest on or before such payment date in such amounts as will provide the necessary money. U. S. U.S. Government Obligations shall not be callable at the issuer’s 's option.

Termination of Company's Obligations. This Indenture shall cease to be of further effect (except that the Company’s obligations under Sections 7.07 and 8.03 shall survive) when all outstanding Securities theretofore issued have been delivered to the Trustee for cancellation. In addition, the The Company may terminate all of its obligations under this Indenture if: (1) the Securities then-outstanding mature within one year or all of them are to be called for redemption (and the Securities are redeemable) within one year under and arrangements satisfactory to the Trustee for are made with respect to the giving of the notice of redemption; and (2) the Company irrevocably deposits in trust with the Trustee money or U.S. Government Obligations sufficient to pay pay, when due, the principal of and premium, if any, and interest on the Securities to maturity or redemption. The , as the case may be; or (b) all securities previously authenticated and delivered (other than destroyed, lost or stolen Securities which have been replaced or paid or Securities for whose payment money or securities have theretofore been held in trust and thereafter repaid to the Company, as provided in Section 9.03) have been delivered to the Trustee for cancellation and the Company may make the deposit only during the one-year period and only if Article 10 permits ithas paid all sums payable by it hereunder. However, the Company’s obligations in Sections 2.03, 2.04, 2.05, 2.06, 2.07, 2.082.14, 4.015.01, 7.078.07, 7.08 8.08, 9.03, 9.04 and 8.03 9.05 and in Article 11 shall survive until the Securities are no longer outstanding. Thereafter the Company’s obligations in Section 7.07 Sections 8.07, 9.03 and 8.03 9.04 shall survive. After such deposita termination of the Company's obligations in accordance with this Section, the Trustee upon request shall acknowledge in writing the discharge of the Company’s 's obligations under this Indenture except for those surviving obligations specified above. In order to have money available on a payment date to pay principal of and premium, if any, or interest on the Securities, the U.S. Government obligations Obligations shall be payable as to principal or interest on or before such payment date in such amounts as will provide the necessary money. U. S. Government Obligations shall not be callable at the issuer’s option.

Termination of Company's Obligations. This Indenture shall cease to be of further effect (except that the Company’s obligations under Sections 7.07 and 8.03 shall survive) when all outstanding Securities theretofore issued have been delivered to the Trustee for cancellation. In addition, the The Company may terminate all of its obligations under this Indenture if: (1) the Securities then-outstanding mature within one year or all of them are to be called for redemption (and the Securities are redeemable) within one year under and arrangements satisfactory to the Trustee for are made with respect to the giving of the notice of redemption; and (2) the Company irrevocably deposits in trust with the Trustee money or U.S. Government Obligations sufficient to pay pay, when due, the principal of and interest premium and interest, if any, on the Securities to maturity or redemption, as the case may be. The Company may make the such deposit only during the one-year period referred to in paragraph (1) above and only if Article 10 12 permits it; or (b) all Securities previously authenticated and delivered (other than destroyed, lost or stolen Securities which have been replaced or paid or Securities for whose payment money or securities have theretofore been held in trust and thereafter repaid to the Company, as provided in Section 9.03) have been delivered to the Trustee for cancellation and the Company has paid all sums payable by it hereunder. However, the Company’s obligations in Sections 2.03, 2.04, 2.05, 2.06, 2.07, 2.082.14, 4.01Article 4, 7.075.01, 7.08 the last paragraph of Section 6.01, 8.07, 8.08, 9.02, 9.03, 9.04 and 8.03 9.05 and in Article 11 shall survive until the Securities are no longer outstanding. Thereafter the obligations in Sections 8.07, 9.03 and 9.04 shall survive. After a termination of the Company’s obligations in Section 7.07 and 8.03 shall survive. After such depositaccordance with this Section, the Trustee upon request shall acknowledge in writing the discharge of the Company’s obligations under this Indenture except for those surviving obligations specified above. In order to have money available on a payment date to pay principal or interest of and interest, if any, on the Securities, the U.S. Government obligations Obligations shall be payable as to principal or interest on or before such payment date in such amounts as will provide the necessary money. U. S. Government Obligations shall not be callable at the issuer’s option.