Defeased Covenants definition
Examples of Defeased Covenants in a sentence
In addition, upon the Company's exercise under Section 8.01 hereof of the option applicable to this Section 8.03, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, Section 6.01(3) (with respect to any Event of Default resulting from a violation of the covenants set forth in Sections 4.10, 4.14, 5.01(a)(4) or 5.01(c)(2)(ii) only), Section 6.01(4) (with respect to the Defeased Covenants only) and Sections 6.01(5) through 6.01(8) hereof will not constitute Events of Default.
As used herein, "Defeased Covenants" shall mean the covenants set forth in Article VII hereof, other than Section 7.01 hereof.
In addition, upon the Company's exercise of the option applicable to this Section 8.05, subject to the satisfaction of the conditions set forth in Section 8.06 hereof, Section 6.01(3) (with respect to any Event of Default resulting from a violation of the covenants set forth in Sections 4.06, 4.10, 5.01(a)(4) or 5.01(c)(2)(ii) only), Section 6.01(4) (with respect to the Defeased Covenants only) and Sections 6.01(5) through 6.01(8) hereof will not constitute Events of Default.
In addition, upon the Company's exercise of the option applicable to this Section 8.4, subject to the satisfaction of the conditions set forth in Section 8.5 hereof, Section 6.1(c) and (d) (with respect to any Event of Default resulting from a violation of the Defeased Covenants only) and Sections 6.01(e) through 6.01(h) hereof will not constitute Events of Default.
In addition, upon the Company's exercise of the option applicable to this Section 8.4, subject to the satisfaction of the conditions set forth in Section 8.5 hereof, Section 6.1(c) and(d) (with respect to any Event of Default resulting from a violation of the Defeased Covenants only) and Sections 6.01(e) through 6.01(h) hereof will not constitute Events of Default.