No Defeasance Sample Clauses
The No Defeasance clause establishes that the obligations under the agreement cannot be nullified, set aside, or rendered void by any subsequent event or action. In practice, this means that even if certain conditions are met or payments are made, the parties remain bound by the original terms and cannot use external factors to extinguish their responsibilities. This clause is commonly used to ensure that contractual commitments remain enforceable and to prevent parties from circumventing their duties through technicalities or future developments.
No Defeasance. The provisions of Article 13 of the Base Indenture shall not apply to the Senior Notes.
No Defeasance. The provisions set forth in Sections 10.01(b) and (c) of the Indenture shall not apply to the Securities of this series.
No Defeasance. The provisions of Article Thirteen of the Original Indenture shall not apply to any Securities issued under this First Supplemental Indenture.
No Defeasance. The provisions of Section 403 of the Base Indenture shall not apply to the Senior Notes.
No Defeasance. Sections 8.03 and 8.04 of the Base Indenture shall not apply to the Notes.
No Defeasance. Section 12.02 and Section 12.03 of the Base Indenture shall not apply to the Senior Notes.
No Defeasance. Prior to the Purchase Contract Settlement Date, the provisions of Section 12.5 of the Base Indenture shall not apply to the Series A Notes.
No Defeasance. Article Fourteen of the Base Indenture shall not apply to the Notes.
No Defeasance. The Notes shall not be subject to defeasance as set forth in Section 403 or Article XV of the Indenture.
No Defeasance. Section 403 of the Base Indenture shall not apply to the Debentures.