Common use of Discharge and Defeasance Clause in Contracts

Discharge and Defeasance. Subject to certain conditions, the Company at any time shall be entitled to terminate some or all of its obligations under the Securities and the Indenture with respect to the Securities if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal and interest on the Securities to redemption or maturity, as the case may be.

Appears in 4 contracts

Sources: Indenture (Transocean Ltd.), Indenture (Transocean Ltd.), Indenture (Transocean Ltd.)

Discharge and Defeasance. Subject to certain conditions, the Company at any time shall be entitled to may terminate some of or all of its obligations under the Securities and the Indenture with respect to the Securities if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal and interest on the Securities to redemption or maturity, as the case may be.

Appears in 3 contracts

Sources: Indenture (Noranda Aluminum Acquisition CORP), Indenture (Fairpoint Communications Inc), Indenture (Stone Energy Corp)

Discharge and Defeasance. Subject to certain conditions, the Company at any time shall be entitled to may terminate some or all of its obligations under the Securities and the Indenture with respect to the Securities if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal of, and premium (if any) and interest on the Securities to redemption or maturity, as the case may be.

Appears in 3 contracts

Sources: Indenture (Ric Holding Inc), Indenture (Riverwood Holding Inc), Indenture (Riverwood Holding Inc)

Discharge and Defeasance. Subject to certain conditions, the Company at any time shall be entitled to may terminate some or all of its obligations under the Securities and the Indenture with respect to the Securities if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal of, and premium (if any) and interest on on, the Securities to redemption or maturity, as the case may be.

Appears in 3 contracts

Sources: Indenture (Ric Holding Inc), Indenture (Riverwood Holding Inc), Indenture (Riverwood Holding Inc)

Discharge and Defeasance. Subject to certain conditions, the Company at any time shall be entitled to may terminate some or all of its and the Guarantors' obligations under the Securities Securities, the Security Agreements and the Indenture with respect to the Securities if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal and interest on the Securities to redemption or maturity, as the case may be.

Appears in 2 contracts

Sources: Indenture (Navigator Gas Iom I-E LTD), Indenture (Navigator Gas Iom I-E LTD)

Discharge and Defeasance. Subject to certain conditions, the Company at any time shall be entitled to may terminate some of or all of its obligations under the Securities and the Indenture with respect to the Securities if the Company deposits with the Trustee money or U.S. Government Obligations Securities for the payment of principal principal, premium and interest on the Securities to redemption or maturity, as the case may be.

Appears in 2 contracts

Sources: Indenture (Marquee Holdings Inc.), Indenture (Amc Entertainment Inc)

Discharge and Defeasance. Subject to certain conditions, the Company at any time shall be entitled to may terminate some of or all of its obligations obligation under the Securities and the Indenture with respect to the Securities if the Company deposits with the Trustee money or U.S. U.S Government Obligations for the payment of principal and interest on the Securities to redemption or maturity, as the case may be.

Appears in 2 contracts

Sources: Indenture (Pawnmart Inc), Indenture (Pawnmart Inc)

Discharge and Defeasance. Subject to certain conditions, the Company at any time shall be entitled to terminate some or all of its obligations under the Securities and the Indenture with respect to Indenture, and the Securities obligations of the Subsidiary Guarantors under their Subsidiary Guaranties, if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal and interest on the Securities to redemption or maturity, as the case may be.

Appears in 2 contracts

Sources: Indenture (Diagnostic Pathology Management Services Inc), Indenture (Wilmar Holdings Inc)

Discharge and Defeasance. Subject to certain conditions, the Company at any time shall be entitled to terminate some or all of its obligations under the Securities Notes and the Indenture with respect to the Securities if the Company deposits with the Trustee money or and/or U.S. Government Obligations for the payment of principal and interest on the Securities Notes to redemption or maturity, as the case may be.

Appears in 1 contract

Sources: Indenture (Pilgrims Pride Corp)

Discharge and Defeasance. Subject to certain conditions, the Company at any time shall be entitled to terminate some or all of its obligations under the Securities and the Indenture with respect to the Securities if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal (and premium, if any) and interest on the Securities to redemption or maturity, as the case may be.

Appears in 1 contract

Sources: Indenture (Noble Corp)

Discharge and Defeasance. Subject to certain conditions, the Company at any time shall be entitled to terminate some or all of its obligations under the 2021 Securities and the Indenture with respect to the 2021 Securities if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal and interest on the 2021 Securities to redemption or maturity, as the case may be.

Appears in 1 contract

Sources: Indenture (Teck Resources LTD)

Discharge and Defeasance. Subject to certain conditions, the Company at any time shall be entitled to terminate some or all of its obligations under the Securities Notes and the Indenture with respect to the Securities if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal (or Accreted Value, if applicable) and interest on the Securities Notes to redemption or maturity, as the case may be.

Appears in 1 contract

Sources: Indenture (Tabletop Holdings Inc)

Discharge and Defeasance. Subject to certain conditions, the Company at any time shall be entitled to terminate some or all of its obligations under the 2024 Securities and the Indenture with respect to the 2024 Securities if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal and interest on the 2024 Securities to redemption or maturity, as the case may be.

Appears in 1 contract

Sources: Indenture (Teck Resources LTD)

Discharge and Defeasance. Subject to certain conditions, the Company at any time shall be entitled to terminate some or all of its obligations under the Securities and the Indenture with respect to the Securities if the Company deposits with the Trustee money or U.S. Government Obligations for Obligations, the payment principal of and interest on which will be sufficient, or a combination thereof sufficient, to pay the principal of and premium (if any) and interest on the Securities to redemption maturity or maturityredemption, as the case may be.

Appears in 1 contract

Sources: Indenture (Roto-Rooter Inc)

Discharge and Defeasance. Subject to certain conditions, the Company at any time shall be entitled to terminate some or all of its obligations under the Securities and the Indenture with respect to Indenture, and the Securities obligations of the Guarantors under their Guaranties, if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal and interest on the Securities to redemption or maturity, as the case may be.

Appears in 1 contract

Sources: Indenture (Winfred Berg Licensco Inc)

Discharge and Defeasance. Subject to certain conditions, the Company at any time shall be entitled to terminate some or all of its obligations under the Securities and the Indenture with respect to the Securities if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal and interest on the Securities to redemption or maturity, as the case may be.. Table of ContentsTable of Contents

Appears in 1 contract

Sources: Indenture (Transocean Ltd.)

Discharge and Defeasance. Subject to certain conditions, the Company at any time shall be entitled to terminate some or all of its obligations under the Securities and the Indenture with respect to the Securities if the Company deposits with the Trustee money or U.K. Government Obligations or U.S. Government Obligations for the payment of principal and interest on the Securities to redemption or maturity, as the case may be.

Appears in 1 contract

Sources: Indenture (Enodis PLC)

Discharge and Defeasance. Subject to certain conditions, the Company at any time shall be entitled to may terminate some or substantially all of its obligations under the Securities and the Indenture with respect to the Securities if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal and interest on the Securities to redemption or maturity, as the case may be.

Appears in 1 contract

Sources: Indenture (Core Mark International Inc)

Discharge and Defeasance. Subject to certain conditions, the Company at any time shall be entitled to terminate some or all of its their obligations under the Securities and the Indenture with respect to the Securities if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal (and premium, if any) and interest on the Securities to redemption or maturity, as the case may be.

Appears in 1 contract

Sources: Indenture (Noble Finance Co)

Discharge and Defeasance. Subject to certain conditions, the Company at any time shall be entitled to may terminate some or all of its obligations under the Securities and Indenture (and in certain instances, the Indenture with respect to Subsidiary Guarantors' obligations under the Securities Indenture) if the Company deposits with the Trustee unencumbered money or unencumbered U.S. Government Obligations for the payment of principal principal, premium (if any) and interest on the Securities to redemption or maturity, as the case may be.

Appears in 1 contract

Sources: First Supplemental Indenture (Aames Financial Corp/De)

Discharge and Defeasance. Subject to certain conditions, the Company at any time shall be entitled to terminate some or all of its obligations and those of the Subsidiary Guarantors under the Securities and the Indenture with respect to the Securities if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal and interest on the Securities to redemption or maturity, as the case may be.

Appears in 1 contract

Sources: Indenture (Hyster Overseas Capital Corp LLC)

Discharge and Defeasance. Subject to certain conditionsconditions set forth in the Indenture, the Company at any time shall be entitled to terminate some or all of its obligations under the Securities and the Indenture with respect to the Securities if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal Accreted Value and interest interest, if any, on the Securities to redemption or maturity, as the case may be.

Appears in 1 contract

Sources: Indenture (Buffets Holdings, Inc.)

Discharge and Defeasance. Subject to certain conditions, the Company at any time shall be entitled to terminate some or all of its obligations under the Securities and the Indenture with respect to the Securities of a Series if the Company deposits with the Trustee money or U.S. Government Obligations Obligations, or a combination thereof, for the payment of principal and interest on the Securities to redemption or maturity, as the case may be.

Appears in 1 contract

Sources: Indenture (Transocean Ltd.)