Covenant Defeasance Option is defined in Section 4.01(b) of the Indenture.
Covenant Defeasance Option has the meaning specified in Section 8.01.
Covenant Defeasance Option with respect to Recovery Bonds. The Issuer may exercise the Legal Defeasance Option with respect to Recovery Bonds notwithstanding its prior exercise of the Covenant Defeasance Option.
Examples of Covenant Defeasance Option in a sentence
In connection with the satisfaction and discharge of this Indenture or the Covenant Defeasance Option or Legal Defeasance Option with respect to the Recovery Bonds, all moneys then held by any Paying Agent other than the Indenture Trustee under the provisions of this Indenture shall, upon demand of the Issuer, be paid to the Indenture Trustee to be held and applied according to Section 3.03 and thereupon such Paying Agent shall be released from all further liability with respect to such moneys.
More Definitions of Covenant Defeasance Option
Covenant Defeasance Option has the meaning specified in Section -------------------------- 4.01(b).
Covenant Defeasance Option has the meaning specified in Section 8.01. “Covenant Suspension Event” has the meaning specified in Section 4.23.
Covenant Defeasance Option has the meaning specified in Section 15.2.
Covenant Defeasance Option has the meaning given in Section 10.02.
Covenant Defeasance Option has the meaning specified in Section 14.01(a).
Covenant Defeasance Option shall have the meaning given to that term in Section 8.2(a)(ii) (Defeasance) of the Indenture.
Covenant Defeasance Option means “covenant defeasance option” as defined in the Indenture.