Common use of Defeasance of Certain Obligations Clause in Contracts

Defeasance of Certain Obligations. The Company may omit to comply with any term, provision or condition set forth in, and this Indenture will no longer be in effect with respect to, any covenant established pursuant to clauses (s), (t) or (u) of Section 2.03, clause (c) of Section 6.01 (with respect to any covenants established pursuant to clauses (s), (t) or (u) of Section 2.03) and clause (f) of Section 6.01 shall be deemed not to be an Event of Default with respect to Securities of any series (“Covenant Defeasance”); provided that the conditions in Section 8.08 below shall have been satisfied.

Appears in 2 contracts

Sources: Indenture (Tapestry, Inc.), Indenture (Tapestry, Inc.)

Defeasance of Certain Obligations. The Company may omit to comply with any term, provision or condition set forth in, and this Indenture will no longer be in effect with respect to, any covenant established pursuant to clauses (s), (tSection 2.03(t) or (u) of Section 2.03, and clause (c) of Section 6.01 (with respect to any covenants established pursuant to clauses (sSection 2.03(s), (t) or (u) of Section 2.03) and clause (fg) of Section 6.01 shall be deemed not to be an Event of Default with respect to Securities of any series (“Covenant Defeasance”); provided that the conditions in Section 8.08 below shall have been satisfied.

Appears in 2 contracts

Sources: Indenture (Tapestry, Inc.), Indenture (Tapestry, Inc.)

Defeasance of Certain Obligations. The Company may omit to comply with any term, provision or condition set forth in, and this Indenture will no longer be in effect with respect to, any covenant established pursuant to clauses (s), (t) or (u) of Section 2.03, 2.03 and clause (c) of Section 6.01 (with respect to any covenants established pursuant to clauses (sSection 2.03(s), (t) or (u) of Section 2.03)) and clause (f) of Section 6.01 shall be deemed not to be an Event of Default with respect to Securities of any series (“Covenant Defeasance”); provided that the conditions in Section 8.08 below shall have been satisfied.

Appears in 2 contracts

Sources: Indenture (Tapestry, Inc.), Indenture (Tapestry, Inc.)

Defeasance of Certain Obligations. The Company may omit to comply with any term, provision or condition set forth in, and this Indenture will no longer be in effect with respect to, any covenant established pursuant to clauses (s), (tq) or (ur) of Section 2.03, clause and clauses (c) of Section 6.01 (with respect to any covenants established pursuant to clauses (s), (tSection 2.03(q) or (u) of Section 2.03r)) and clause (f) of Section 6.01 shall be deemed not to be an Event of Default with respect to Securities of any series (“Covenant Defeasance”); provided that the conditions in Section 8.08 below shall have been satisfied.

Appears in 1 contract

Sources: Indenture (Clover Health Investments, Corp. /De)

Defeasance of Certain Obligations. The Company may omit to comply with any term, provision or condition set forth in, and this Indenture will no longer be in effect with respect to, any covenant established pursuant to clauses (s), (t‎Section 2.03(t) or (u) of Section 2.03, and clause (c) of Section 6.01 (with respect to any covenants established pursuant to clauses (s‎Section 2.03(s), (t) or (u) of Section 2.03) and clause (f‎(g) of Section ‎Section 6.01 shall be deemed not to be an Event of Default with respect to Securities of any series (“Covenant Defeasance”); provided that the conditions in Section 8.08 below shall have been satisfied.

Appears in 1 contract

Sources: Indenture (Coach Inc)

Defeasance of Certain Obligations. The Company may omit to comply with any term, provision or condition set forth in, and this Indenture will no longer be in effect with respect to, any covenant established pursuant to clauses (s), ) or (t) or (u) of ‎of Section 2.03, clause and clauses (c) of Section 6.01 (with respect to any covenants established pursuant to clauses (s), (t‎Section 2.03(s) or (ut)) and ‎(f) of Section 2.03) and clause (f) of Section ‎Section 6.01 shall be deemed not to be an Event of Default with respect to Securities of any series (“Covenant Defeasance”); provided that the conditions in Section 8.08 below shall have been satisfied.

Appears in 1 contract

Sources: Indenture (Coach Inc)