Discharge of Indenture Defeasance Clause Samples
The "Discharge of Indenture; Defeasance" clause outlines the conditions under which the obligations of the issuer and the trustee under an indenture are considered fully satisfied and terminated. Typically, this occurs when the issuer has paid off all outstanding debt securities, either by redeeming them, repurchasing them, or depositing sufficient funds or government securities to cover all future payments. This clause provides a clear mechanism for ending the legal relationship established by the indenture, thereby releasing both parties from further duties and liabilities once all financial commitments have been met.
POPULAR SAMPLE Copied 2 times
Discharge of Indenture Defeasance. SECTION 8.01. Discharge of Liability on Securities; Defeasance............................................. 80 SECTION 8.02. Conditions to Defeasance..................................................................... 81 SECTION 8.03. Application of Trust Money................................................................... 82 SECTION 8.04. Repayment to Company......................................................................... 83 SECTION 8.05. Indemnity for Government Obligations......................................................... 83 SECTION 8.06. Reinstatement................................................................................ 83 ARTICLE 9 Amendments
Discharge of Indenture Defeasance. Section 8.01. Discharge of Liability on Notes; Defeasance 44 Section 8.02. Conditions to Defeasance 45 Section 8.03. Application of Trust Money 46 Section 8.04. Repayment to Company 46 Section 8.05. Indemnity for U.S. Government Securities 46 Section 8.06. Reinstatement 47
Discharge of Indenture Defeasance. SECTION 8.01 Discharge of Liability on Notes; Defeasance 100 SECTION 8.02 Conditions to Defeasance 101 SECTION 8.03 Application of Trust Money 102 SECTION 8.04 Repayment to Issuer 103 SECTION 8.05 Indemnity for U.S. Government Obligations 103 SECTION 8.06 Reinstatement 103
Discharge of Indenture Defeasance. SECTION 8.01 Discharge of Liability on Notes; Defeasance 115 SECTION 8.02 Conditions to Defeasance 116 SECTION 8.03 Application of Trust Money 117 SECTION 8.04 Repayment to Issuer 117 SECTION 8.05 Indemnity for U.S. Government Obligations 118 SECTION 8.06 Reinstatement 118
Discharge of Indenture Defeasance. SECTION 8.1. Discharge of Liability on Securities; Defeasance..........................................94 SECTION 8.2. Conditions to Defeasance..................................................................95 SECTION 8.3. Application of Trust Money................................................................97 SECTION 8.4. Repayment to Issuers......................................................................97 SECTION 8.5. Indemnity for U.S. Government Obligations.................................................97 SECTION 8.6. Reinstatement.............................................................................97 ARTICLE IX AMENDMENTS
Discharge of Indenture Defeasance. Discharge of Liability on Securities; Defeasance 97 SECTION 8.2. Conditions to Defeasance 99 SECTION 8.3. Application of Trust Money 100 SECTION 8.4. Repayment to the Company 100 SECTION 8.5. Indemnity for U.S. Government Obligations 100 SECTION 8.6. Reinstatement 100
Discharge of Indenture Defeasance. SECTION 8.1. Discharge of Liability on Securities; Defeasance....
Discharge of Indenture Defeasance. SECTION 8.1. Discharge of Liability on Notes; Defeasance.................51 SECTION 8.2. Conditions to Defeasance....................................52 SECTION 8.3. Application of Trust Money..................................53 SECTION 8.4. Repayment to Issuer.........................................54 SECTION 8.5. Indemnity for Government Obligations........................54 SECTION 8.6. Reinstatement...............................................54
Discharge of Indenture Defeasance. The Indenture contains provisions for defeasance at any time, upon compliance with certain conditions set forth therein, of (i) the entire indebtedness of this Note or (ii) certain restrictive covenants and Events of Default with respect to this Note.
Discharge of Indenture Defeasance. SECTION 8.1. Discharge of Liability on Notes; Defeasance 136 SECTION 8.2. Conditions to Defeasance 137 SECTION 8.3. Application of Trust Money 138 SECTION 8.4. Repayment to Issuer 138 SECTION 8.5. Indemnity for U.S. Government Obligations 138 SECTION 8.6. Reinstatement 138
SECTION 9.1. Without Consent of Holders 139 SECTION 9.2. With Consent of Holders 141 SECTION 9.3. Effect of Consents and Waivers 143 SECTION 9.4. Notation on or Exchange of Notes 143 SECTION 9.5. Trustee and Collateral Agent to Sign Amendments 144 SECTION 9.6. Escrow Agreement 144