Discharge of Liability on Notes. When (a) the Company delivers to the Registrar all outstanding Notes (other than Notes replaced pursuant to Section 2.08) for cancellation or (b) all outstanding Notes have become due and payable, whether at the Maturity Date, any Fundamental Change Purchase Date, upon conversion or otherwise, and the Company or the Guarantor irrevocably deposits with the Trustee or delivers to the Holders, as applicable, cash (and/or, if applicable, Common Units and cash in lieu of any fractional Common Units, solely to satisfy outstanding conversions) sufficient to pay, or, if applicable, satisfy the Company’s Conversion Obligation with respect to, all amounts due and owing on all outstanding Notes (other than Notes replaced pursuant to Section 2.08), and, in either case, the Company or the Guarantor pays all other sums payable hereunder by the Company with respect to the Indenture and the outstanding Notes, then this Indenture shall, subject to Section 8.08, cease to be of further effect with respect to the Notes or any Holders. At the cost and expense of the Company, the Trustee shall acknowledge satisfaction and discharge of this Indenture with respect to the Notes on written demand of the Company accompanied by an Officer’s Certificate and an Opinion of Counsel.
Appears in 3 contracts
Sources: Indenture (Nextera Energy Partners, Lp), Indenture (Nextera Energy Partners, Lp), Indenture (NextEra Energy Partners, LP)
Discharge of Liability on Notes. When (a) the Company delivers to the Security Registrar all outstanding Notes (other than Notes replaced pursuant to Section 2.08) for cancellation or (b) all outstanding Notes have become due and payable, whether at the Maturity Date, any Fundamental Change Purchase Date, upon conversion exchange or otherwise, and the Company or the Guarantor Parent irrevocably deposits with the Trustee or delivers to the Holders, as applicable, cash (and/or, if applicable, shares of Common Units Stock and cash in lieu of any fractional share of Common UnitsStock, solely to satisfy outstanding conversionsexchanges) sufficient to pay, or, if applicable, satisfy the Company’s Conversion Exchange Obligation with respect to, all amounts due and owing on all outstanding Notes (other than Notes replaced pursuant to Section 2.08), ) and, in either case, the Company or the Guarantor Parent pays all other sums payable hereunder by the Company with respect to the this Indenture and the outstanding Notes, then this Indenture shall, subject to Section 8.08, cease to be of further effect with respect to the Notes or any Holders. At the cost and expense of the Company, the Trustee shall acknowledge satisfaction and discharge of this Indenture with respect to the Notes on written demand of the Company accompanied by an Officer’s Certificate and an Opinion of Counsel.
Appears in 1 contract
Sources: Indenture (Nextera Energy Inc)
Discharge of Liability on Notes. When (aa)(i) the Company Issuer delivers to the Registrar all outstanding Notes (other than Notes replaced pursuant to Section 2.083.08) for cancellation or (bii) all outstanding Notes have become due and payable, whether at on the Maturity Date, any Fundamental Change Purchase Repurchase Date, any Redemption Date, upon conversion exchange, redemption, declaration of acceleration or otherwise, and the Company or the Guarantor Issuer irrevocably deposits with the Trustee or the Guarantor delivers to the Holders, as applicable, cash cash, Ordinary Shares or a combination thereof, as applicable (and/or, if applicable, Common Units and cash in lieu of any fractional Common Units, solely to satisfy any outstanding conversions) sufficient to pay, or, if applicable, satisfy the Company’s Conversion Exchange Obligation with respect toto the Notes), sufficient to pay or deliver, as the case may be, all amounts due and owing on all outstanding Notes (other than Notes replaced pursuant to Section 2.083.08), and, in either case, (b) the Company or the Guarantor Issuer pays all other sums payable hereunder by it under this Indenture and (c) the Company with respect Issuer delivers to the Indenture Trustee an Officer’s Certificate and Opinion of Counsel stating that the outstanding Notesconditions precedent therefor have been satisfied, then then, this Indenture shall, subject to Section 8.08, will cease to be of further effect with respect to the Notes or any Holders. At and the cost Holders and expense of the Company, the Trustee shall will acknowledge the satisfaction and discharge of this Indenture with respect to the Notes on written demand Notes; provided, however, that any obligation of the Company accompanied by an Officer’s Certificate Issuer to the Trustee under Sections 11.06 or 11.07 shall survive after the Notes are paid in full and an Opinion of Counselthere are no Notes outstanding.
Appears in 1 contract
Sources: Indenture (Jazz Pharmaceuticals PLC)
Discharge of Liability on Notes. When (a) the Company delivers to the Registrar all outstanding Notes (other than Notes replaced pursuant to Section 2.082.07) for cancellation or (b) all outstanding Notes have become due and payable, whether at the Maturity Date, at any Fundamental Change Purchase Date, upon conversion or otherwise, and the Company or the Guarantor irrevocably deposits with the Trustee or delivers to the Holders, as applicable, cash (and/orand, if applicable, shares of Common Units and cash in lieu of any fractional Common UnitsStock, solely to satisfy outstanding conversions) sufficient to pay, or, if applicable, or satisfy the Company’s Conversion Obligation with respect to, all amounts due and owing on all outstanding Notes (other than Notes replaced pursuant to Section 2.082.07), and, in either case, the Company or the Guarantor pays all other sums payable hereunder by the Company with respect to the Indenture and the outstanding Notes, then this Indenture shall, subject to Section 8.088.06, cease to be of further effect with respect to the Notes Notes, any Holders or any Holderseach Subsidiary Guarantor’s obligations under its Subsidiary Guarantee. At the cost and expense of the Company, the The Trustee shall acknowledge satisfaction and discharge of this Indenture with respect to the Notes on written demand of the Company accompanied by an Officer’s Certificate and an Opinion of CounselCounsel and at the cost and expense of the Company.
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Discharge of Liability on Notes. When (a) the Company delivers to the Registrar all outstanding Notes (other than Notes replaced pursuant to Section 2.08) for cancellation or (b) all outstanding Notes have become due and payable, whether at the Maturity Date, any Fundamental Change Purchase Date, upon conversion or otherwise, and the Company or the Guarantor irrevocably deposits with the Trustee or delivers to the Holders, as applicable, cash (and/or, if applicable, Common Units and cash in lieu of any fractional Common Units, solely to satisfy outstanding conversions) sufficient to pay, or, if applicable, satisfy the Company’s Conversion Obligation with respect to, all amounts due and owing on all outstanding Notes (other than Notes replaced pursuant to Section 2.08), and, in either case, the Company or the Guarantor pays all other sums payable hereunder by the Company with respect to the Indenture and the outstanding Notes, then this Indenture shall, subject to Section 8.08, cease to be of further effect with respect to the Notes or any Holders. At the cost and expense of the Company, the Trustee shall acknowledge satisfaction and discharge of this Indenture with respect to the Notes on written demand of the Company accompanied by an Officer’s Certificate and an Opinion of Counsel.
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