Common use of Discharge of Liability on Notes; Defeasance Clause in Contracts

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 CVS...............................................46 SECTION 8.05. Indemnity for Government Obligations...........................46 SECTION 8.06. Reinstatement ....................................................................47

Discharge of Liability on Notes; Defeasance. 44 SECTION 8.02Section 9.02. Conditions to Defeasance.......................................45 SECTION 8.03......................... 53 Section 9.03. Application of Trust Money.....................................46 SECTION 8.04....................... 54 Section 9.04. Repayment to CVS...............................................46 SECTION 8.05Sterling............................ 54 Section 9.05. Indemnity for Government Obligations...........................46 SECTION 8.06............. 54 Section 9.06. Reinstatement ....................................................................47Reinstatement.................................... 54

Discharge of Liability on Notes; Defeasance. 44 36 SECTION 8.02. Conditions to Defeasance.......................................45 ........................................36 SECTION 8.03. Application of Trust Money.....................................46 ......................................38 SECTION 8.04. Repayment to CVS...............................................46 Company............................................38 SECTION 8.05. Indemnity for Government Obligations...........................46 ............................38 SECTION 8.06. Reinstatement ....................................................................47Reinstatement...................................................39

Discharge of Liability on Notes; Defeasance. 44 61 SECTION 8.02. Conditions to Defeasance.......................................45 ............................ 62 SECTION 8.03. Application of Trust Money.....................................46 .......................... 63 SECTION 8.04. Repayment to CVS...............................................46 Company................................ 63 SECTION 8.05. Indemnity for U.S. Government Obligations...........................46 ........... 63 SECTION 8.06. Reinstatement ....................................................................47Reinstatement....................................... 64 -iii- ARTICLE IX

Discharge of Liability on Notes; Defeasance. 44 SECTION 8.02. Conditions to Defeasance.......................................Defeasance ......................................45 SECTION 8.03. Application of Trust Money.....................................46 Money ....................................47 SECTION 8.04. Repayment to CVS...............................................46 Company ..........................................47 SECTION 8.05. Indemnity for Government Obligations...........................46 Obligations ..........................47 SECTION 8.06. Reinstatement .....................................................................................................................47

Discharge of Liability on Notes; Defeasance. 44 65 SECTION 8.02. Conditions to Defeasance.......................................45 ..........................................................................66 SECTION 8.03. Application of Trust Money.....................................46 ........................................................................68 SECTION 8.04. Repayment to CVS...............................................46 Company..............................................................................68 SECTION 8.05. Indemnity for Government Obligations...........................46 ..............................................................68 SECTION 8.06. Reinstatement ....................................................................47Reinstatement.....................................................................................68 ARTICLE 9

Discharge of Liability on Notes; Defeasance. 44 63 SECTION 8.029.02. Conditions to Defeasance.......................................45 ..................................64 SECTION 8.039.03. Application of Trust Money.....................................46 ................................65 SECTION 8.049.04. Repayment to CVS...............................................46 the Issuer...................................65 SECTION 8.059.05. Indemnity for Government Obligations...........................46 ......................65 SECTION 8.069.06. Reinstatement ....................................................................47Reinstatement.............................................65

Discharge of Liability on Notes; Defeasance. 44 SECTION 8.02Section 9.02. Conditions to Defeasance.......................................45 SECTION 8.03.............................. 46 Section 9.03. Application of Trust Money.....................................46 SECTION 8.04............................ 47 Section 9.04. Repayment to CVS...............................................46 SECTION 8.05the Company.............................. 47 Section 9.05. Indemnity for Government Obligations...........................46 SECTION 8.06.................. 48 Section 9.06. Reinstatement ....................................................................47Reinstatement......................................... 48 ARTICLE X

Discharge of Liability on Notes; Defeasance. 44 64 SECTION 8.02. Conditions to Defeasance.......................................45 65 SECTION 8.03. Application of Trust Money.....................................46 66 SECTION 8.04. Repayment to CVS...............................................46 Company...........................................66 SECTION 8.05. Indemnity for Government Obligations...........................46 Securities............................67 SECTION 8.06. Reinstatement ....................................................................47Reinstatement..................................................67

Discharge of Liability on Notes; Defeasance. 44 66 SECTION 8.029.02. Conditions to Defeasance.......................................45 ...................................67 SECTION 8.039.03. Application of Trust Money.....................................46 .................................68 SECTION 8.049.04. Repayment to CVS...............................................46 the Issuer....................................68 SECTION 8.059.05. Indemnity for Government Obligations...........................46 .......................68 SECTION 8.069.06. Reinstatement ....................................................................47Reinstatement..............................................68

Discharge of Liability on Notes; Defeasance. 44 71 SECTION 8.02. Conditions to Defeasance.......................................45 ............................................71 SECTION 8.03. Application of Trust Money.....................................46 ..........................................73 SECTION 8.04. Repayment to CVS...............................................46 SECTION 8.05. Indemnity for Government Obligations...........................46 SECTION 8.06. Reinstatement ....................................................................47Company................................................73 ARTICLE 9

Discharge of Liability on Notes; Defeasance. 44 SECTION 8.02. 46 Section 9.02 Conditions to Defeasance.......................................45 SECTION 8.03. .....................................47 Section 9.03 Application of Trust Money.....................................46 SECTION 8.04. ...................................49 Section 9.04 Repayment to CVS...............................................46 SECTION 8.05. the Company.....................................49 Section 9.05 Indemnity for Government Obligations...........................46 SECTION 8.06. Reinstatement ....................................................................47.........................49 Section 9.06 Reinstatement................................................49 ARTICLE X AMENDMENT, SUPPLEMENT AND WAIVER

Discharge of Liability on Notes; Defeasance. 44 36 SECTION 8.02. Conditions to Defeasance.......................................45 37 SECTION 8.03. Application of Trust Money.....................................46 39 SECTION 8.04. Repayment to CVS...............................................46 Company...........................................39 SECTION 8.05. Indemnity for Government Obligations...........................46 39 SECTION 8.06. Reinstatement ....................................................................47Reinstatement..................................................39

Discharge of Liability on Notes; Defeasance. 44 SECTION 8.0252 Section 9.02. Conditions to Defeasance.......................................45 SECTION 8.03................................ 53 Section 9.03. Application of Trust Money.....................................46 SECTION 8.04.............................. 54 Section 9.04. Repayment to CVS...............................................46 SECTION 8.05SRI........................................ 54 Section 9.05. Indemnity for Government Obligations...........................46 SECTION 8.06.................... 54 Section 9.06. Reinstatement ....................................................................47Reinstatement........................................... 54 ARTICLE X

Discharge of Liability on Notes; Defeasance. 44 77 SECTION 8.02. Conditions to Defeasance.......................................45 ................................. 78 SECTION 8.03. Application of Trust Money.....................................46 ............................... 80 SECTION 8.04. Repayment to CVS...............................................46 Company..................................... 80 SECTION 8.05. Indemnity for Government Obligations...........................46 ..................... 80 SECTION 8.06. Reinstatement ....................................................................47Reinstatement............................................ 80 ARTICLE 9 Amendments

Discharge of Liability on Notes; Defeasance. 44 SECTION 47 Section 8.02. Conditions to Defeasance.......................................45 SECTION ..................................... 48 Section 8.03. Application of Trust Money.....................................46 SECTION ................................... 49 Section 8.04. Repayment to CVS...............................................46 SECTION Holdings........................................ 49 Section 8.05. Indemnity for Government Obligations...........................46 SECTION ......................... 49 Section 8.06. Reinstatement ....................................................................47Reinstatement................................................ 49

Discharge of Liability on Notes; Defeasance. 44 SECTION 8.0251 Section 9.02. Conditions to Defeasance.......................................45 SECTION 8.03................................. 52 Section 9.03. Application of Trust Money.....................................46 SECTION 8.04............................... 53 Section 9.04. Repayment to CVS...............................................46 SECTION 8.05SRI......................................... 53 Section 9.05. Indemnity for Government Obligations...........................46 SECTION 8.06..................... 54 Section 9.06. Reinstatement ....................................................................47Reinstatement............................................ 54 ARTICLE X