Defeased Securities definition

Defeased Securities means a security for which cash, cash equivalents or other eligible property has been pledged in an amount sufficient to make all required payments on such security to and including maturity, in accordance with the instrument governing the issuance of such security.

Defeased Securities shall have the meaning set forth in Section 10.03.

Defeased Securities. 401 "Securities" Recitals "Security Register" 305 "Security Registrar" 305 "Special Payment Date" 308 "Successor Company" 801 "U.S. Government Obligations" 404 Section 103. COMPLIANCE CERTIFICATES AND OPINIONS. Upon any application or request by the Company to the Trustee to take any action under any provision of this Indenture, the Company and any other obligor on the Securities (if applicable) shall furnish to the Trustee an Officers' Certificate in a form and substance reasonably acceptable to the Trustee stating that all conditions precedent, if any, provided for in this Indenture (including any covenant compliance with which constitutes a condition precedent) relating to the proposed action have been complied with, and an Opinion of Counsel in a form and substance reasonably acceptable to the Trustee stating that in the opinion of such counsel all such conditions precedent, if any, have been complied with, except that, in the case of any such application or request as to which the furnishing of such certificates or opinions is specifically required by any provision of this Indenture relating to such particular application or request, no additional certificate or opinion need be furnished. Every certificate or Opinion of Counsel with respect to compliance with a condition or covenant provided for in this Indenture shall include:

Examples of Defeased Securities in a sentence

• The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government Obligations deposited pursuant to Section 404 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is imposed, assessed or for the account of the Holders of the Defeased Securities.

• The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government Obligations deposited pursuant to Section 404 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the Defeased Securities.

• The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or non-callable Government Securities deposited pursuant to Section 8.04 hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Defeased Securities.

• Upon the Company's exercise under Section 401 of the option applicable to this Section 402, the Company, each Guarantor and any other obligor upon the Securities, if any, shall be deemed to have been discharged from its obligations with respect to the Defeased Securities on the date the conditions set forth in Section 404 below are satisfied (hereinafter, "defeasance").

• The Company may, at its option by Board Resolution, at any time, with respect to the Securities, elect to have either Section 402 or Section 403 be applied to all of the Outstanding Securities (the "Defeased Securities"), upon compliance with the conditions set forth below in this Article Four.

More Definitions of Defeased Securities

Defeased Securities is defined in Section 401 hereof.

Defeased Securities has the meaning specified in Section 1501.

Defeased Securities. 4.01 "Event of Default" 5.01 "insolvent person" 4.04 "Mandatory sinking fund payment" 12.08 "Optional sinking fund payment" 12.08 "Paying Agent" or "Agent" 3.02 "Physical Securities" 3.17 "Registrar" 3.02

Defeased Securities. 4.01 "Designation" 10.14 "Designation Amount" 10.14 "Global Security" 3.03 "Guarantee" 10.22 "insolvent person" 4.04 "Non-Global Purchasers" 3.03 "Offer to Purchase" 10.18 "Offshore Physical Securities" 3.03 "Other Indebtedness" 10.18 "Paying Agent" 3.02 "Payment Blockage Period" 12.03 "Permitted Debt Reduction" 10.18 "Physical Security" 3.03 "Security Register" 3.05 "Security Registrar" 3.02 "Surviving Entity" 8.01 "Unutilized Net Cash Proceeds" 10.18

Defeased Securities shall have the meaning specified in Section 8.2.

Defeased Securities has the meaning set forth in Section 4.01.

Defeased Securities shall have the meaning specified in Section 8.2. -------------------