Common use of Issuer’s Option to Effect Defeasance or Covenant Defeasance Clause in Contracts

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at its option and at any time prior to the Stated Maturity of the Notes, by a resolution of its Board of Directors, elect to have either Section 8.02 or Section 8.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article Eight.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer may, may at its option and by a Board Resolution, at any time prior to the Stated Maturity of the Notes, by a resolution of its Board of Directorstime, elect to have either Section 8.02 13.2 or Section 8.03 be 13.3 applied to all outstanding the Notes upon compliance with the conditions set forth below in this Article EightXIII.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at its option and at any time prior to the Stated Maturity of the Notes, by a resolution of its Board of Directors, elect to have either Section ‎‎Section 8.02 or Section 8.03 ‎‎8.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article ‎‎Article Eight.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer Issuers and the Parent Guarantor may, at its their option and at any time prior to the Stated Maturity of the Notes, by a resolution of its Board their board of Directorsdirectors, at any time, with respect to the Notes, elect to have either Section 8.02 or Section 8.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article Eight.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer Issuers and the Parent Guarantor may, at its their option and at any time prior to the Stated Maturity of the Notes, by a resolution of its their Board of Directors, at any time, with respect to the Notes, elect to have either Section 8.02 or Section 8.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article Eight.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at its option and at any time prior to the Stated Maturity of the Notes, by a resolution of its Board of Directors, at any time, with respect to the Notes, elect to have either Section 8.02 or Section 8.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article Eight.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at its option and at any time prior to the Stated Maturity of the Notes, by a resolution of its Board board of Directorsdirectors, at any time, with respect to the Notes, elect to have either Section 8.02 or Section 8.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article Eight8.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at its option and by Board Resolution of the Issuer, at any time prior time, with respect to the Stated Maturity of the Notes, by a resolution of its Board of Directors, elect to have either Section 8.02 11.02 or Section 8.03 11.03 be applied to all outstanding Outstanding Notes upon compliance with the conditions set forth below in this Article Eight11.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at its option and at any time prior to the Stated Maturity of the Notes, by a resolution of its Board of Directors, at any time, with respect to the Notes, elect to have either Section 8.02 or Section 8.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article Eight.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at its option and by Board Resolution of the Issuer, at any time prior time, with respect to the Stated Maturity of the Notes, by a resolution of its Board of Directors, elect to have either Section 8.02 11.02 or Section 8.03 11.03 be applied to all outstanding Outstanding Notes upon compliance with the conditions set forth below in this Article EightXI.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer Issuers and the Parent Guarantor may, at its their option and at any time prior to the Stated Maturity of the Notes, by a resolution of its Board their board of Directorsdirectors, at any time, with respect to the Notes, elect to have either Section 8.02 or Section 8.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article Eight.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at its option and by Board Resolution of the Issuer, at any time prior time, with respect to the Stated Maturity of the New Notes, by a resolution of its Board of Directors, elect to have either Section 8.02 11.02 or Section 8.03 11.03 be applied to all outstanding Outstanding New Notes upon compliance with the conditions set forth below in this Article Eight11.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at its option and by a resolution of its board of directors at any time prior to the Stated Maturity of the Notes, by a resolution of its Board of Directors, elect to have either Section 8.02 or Section 8.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article Eight.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at its option and or at the option of the Guarantor, at any time prior to the Stated Maturity of the Notes, by a resolution of its Board of Directors, elect to have either Section 8.02 or Section 8.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article Eight.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at its option and at any time prior to the Stated Maturity of the Notes, by a resolution of its Board board of Directorsdirectors, at any time, with respect to the Notes, elect to have either Section 8.02 or Section 8.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article Eight.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at its option and at any time prior to the Stated Maturity of the Notes, by a resolution of its Board board of Directorsdirectors, at any time, with respect to the Notes, elect to have either Section 8.02 or Section 8.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article Eight.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at its option and or at the option of the Parent Guarantor, at any time prior to the Stated Maturity of the Notes, by a resolution of its Board of Directors, elect to have either Section 8.02 or Section 8.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article Eight.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at its option and at any time prior to the Stated Maturity of the Notes, by a resolution of its Board of DirectorsDirectors delivered to the Trustee, at any time, with respect to the Notes, elect to have either Section 8.02 8.2 or Section 8.03 8.3 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article Eight8.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at its option and at any time prior to the Stated Maturity of the NotesNotes of either series, by a resolution of its Board of Directors, elect to have either Section 8.02 or Section 8.03 be applied to all outstanding Notes of such series upon compliance with the conditions set forth below in this Article Eight.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at its option and at any time prior to the Stated Maturity of the Notes, by a resolution of its Board of Directors, at any time, with respect to the Notes, elect to have either Section 8.02 7.02 or Section 8.03 7.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article EightSeven.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at its option and by Board Resolution of the Issuer, at any time prior time, with respect to the Stated Maturity of the Notes, by a resolution of its Board of Directors, elect to have either Section 8.02 11.02 or Section 8.03 11.03 be applied to all outstanding Outstanding Notes upon compliance with the conditions set forth below in this Article EightEleven.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at the option of its option and Board of Directors as evidenced by a resolution set forth in an Officer’s Certificate, at any time prior to the Stated Maturity of the Notes, by a resolution of its Board of Directors, elect to have either Section 8.02 or Section 8.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article Eight.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at its their option and at any time prior to the Stated Maturity of the Notes, by a resolution of its Board of Directors, at any time, with respect to the Notes, elect to have either Section 8.02 8.2 or Section 8.03 8.3 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article Eight8.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at its option and at any time prior to the Stated Maturity of the Notes, by a resolution of its Board board of Directorsdirectors, at any time, with respect to the Notes, elect to have either Section 8.02 or Section 8.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article Eight.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at its option and at any time prior to the Stated Maturity of the Notes, by a resolution of its Board of Directors, elect to have either Section 8.02 or Section 8.03 be applied to all outstanding Notes of any series upon compliance with the conditions set forth below in this Article Eight.

Issuer’s Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at its option and at any time prior to the Stated Maturity of the Notes, by a resolution of its Board board of Directorsdirectors at any time, with respect to the Notes, elect to have either Section 8.02 or Section 8.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article Eight.