Common use of Defeasance of this Article Twelve Clause in Contracts

Defeasance of this Article Twelve. The subordination of the Securities of a series provided by this Article Twelve is expressly made subject to the provisions for Defeasance or Covenant Defeasance in Article Fifteen hereof and, anything herein to the contrary notwithstanding, upon the effectiveness of any such Defeasance or Covenant Defeasance, the Securities of such series then outstanding shall thereupon cease to be subordinated pursuant to this Article Twelve.

Appears in 45 contracts

Sources: Subordinated Indenture (Gulfport Appalachia, LLC), Subordinated Indenture (Mind Technology, Inc), Subordinated Indenture (Falcon Aero Holdings LLC)

Defeasance of this Article Twelve. The subordination of the Securities of a series provided by this Article Twelve is expressly made subject to the provisions for Defeasance or Covenant Defeasance in Article Fifteen Thirteen hereof and, anything herein to the contrary notwithstanding, upon the effectiveness of any such Defeasance or Covenant Defeasance, the Securities of such series then outstanding shall thereupon cease to be subordinated pursuant to this Article Twelve.

Appears in 4 contracts

Sources: Subordinated Indenture (Ring Energy, Inc.), Subordinated Indenture (PHX Minerals Inc.), Subordinated Indenture (Global Ship Lease 13 LTD)

Defeasance of this Article Twelve. The subordination of the Securities of a series provided by this Article Twelve is expressly made subject to the provisions for Defeasance defeasance or Covenant Defeasance covenant defeasance in Article Fifteen Thirteen hereof and, anything herein to the contrary notwithstanding, upon the effectiveness of any such Defeasance defeasance or Covenant Defeasancecovenant defeasance, the Securities of such series then outstanding shall thereupon cease to be subordinated pursuant to this Article Twelve.

Appears in 2 contracts

Sources: Indenture (Granite Broadcasting Corp), Indenture (Granite Broadcasting Corp)

Defeasance of this Article Twelve. The subordination of the Securities of a series provided by this Article Twelve is expressly made subject to the provisions for Defeasance or Covenant Defeasance in Article Fifteen hereof and, anything herein to the contrary notwithstanding, upon the effectiveness of any such Defeasance or Covenant Defeasance, the Securities of such series then outstanding Outstanding shall thereupon cease to be subordinated pursuant to this Article Twelve.

Appears in 2 contracts

Sources: Subordinated Indenture (Epsilon Energy Ltd.), Subordinated Indenture (Silverbow Resources, Inc.)

Defeasance of this Article Twelve. The subordination of the Securities of a series provided by this Article Twelve is expressly made subject to the provisions for Defeasance defeasance or Covenant Defeasance covenant defeasance in Article Fifteen Thirteen hereof and, anything herein to the contrary notwithstanding, upon the effectiveness of any such Defeasance defeasance or Covenant Defeasancecovenant defeasance, the Securities of such series then outstanding shall thereupon cease to be subordinated pursuant to this Article Twelve.. ARTICLE THIRTEEN

Appears in 1 contract

Sources: Subordinated Indenture (South Financial Group Inc)

Defeasance of this Article Twelve. The subordination of the Securities of a series provided by this Article Twelve is expressly made subject to the provisions for Defeasance or Covenant Defeasance in Article Fifteen hereof and, anything herein to the contrary notwithstanding, upon the effectiveness of any such Defeasance or Covenant Defeasance, the Securities of such series then outstanding shall thereupon cease to be subordinated pursuant to this Article Twelve.

Appears in 1 contract

Sources: Indenture (Commonwealth Aluminum Corp)

Defeasance of this Article Twelve. The subordination of the Securities of a series provided by this Article Twelve is expressly made subject to the provisions for Defeasance defeasance or Covenant Defeasance covenant defeasance in Article Fifteen Thirteen hereof and, anything herein to the contrary notwithstanding, upon the effectiveness of any such Defeasance defeasance or Covenant Defeasancecovenant defeasance, the Securities of such series then outstanding shall thereupon cease to be subordinated pursuant to this Article Twelve.. ARTICLE THIRTEEN Defeasance and Covenant Defeasance

Appears in 1 contract

Sources: Indenture (Western Wireless Corp)

Defeasance of this Article Twelve. The subordination of the any series of Securities of a series provided by this Article Twelve is expressly made subject to the provisions for Defeasance discharge, defeasance or Covenant Defeasance covenant defeasance in Article Fifteen Nine hereof and, anything herein to the contrary notwithstanding, upon the effectiveness of any such Defeasance discharge, defeasance or Covenant Defeasancecovenant defeasance, the series of Securities of for which such series then outstanding discharge, defeasance or covenant defeasance becomes effective shall thereupon cease to be subordinated pursuant to this Article Twelve.

Appears in 1 contract

Sources: Indenture (Crane Co /De/)

Defeasance of this Article Twelve. The subordination of the Securities of a series provided by this Article Twelve is expressly made subject to the provisions for Defeasance defeasance or Covenant Defeasance covenant defeasance in Article Fifteen Fourteen hereof and, anything herein to the contrary notwithstanding, upon the effectiveness of any such Defeasance defeasance or Covenant Defeasancecovenant defeasance, the Securities of such series then outstanding shall thereupon cease to be subordinated pursuant to this Article Twelve.

Appears in 1 contract

Sources: Subordinated Indenture (Penn Virginia Corp)

Defeasance of this Article Twelve. The subordination of the Securities of a series provided by this Article Twelve is expressly made subject to the provisions for Legal Defeasance or Covenant Defeasance in Article Fifteen Twelve hereof and, anything herein to the contrary notwithstanding, upon the effectiveness of any such Legal Defeasance or Covenant Defeasance, the Securities of such series then outstanding shall thereupon cease to be subordinated pursuant to this Article Twelve.

Appears in 1 contract

Sources: Indenture (CCC Capital Trust Ii)

Defeasance of this Article Twelve. The subordination of the Securities of a series provided by this Article Twelve is expressly made subject to the provisions for Defeasance or Covenant Defeasance in Article Fifteen hereof and, anything herein to the contrary notwithstanding, upon the effectiveness of any such Defeasance or Covenant Defeasance, the Securities of such series then outstanding shall thereupon cease to be subordinated pursuant to this Article Twelve.. ARTICLE THIRTEEN

Appears in 1 contract

Sources: Subordinated Indenture (Kanawha River Terminals, LLC)