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

Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at the option of its Board of Directors evidenced by a Board Resolution set forth in an Officer’s Certificate, at any time, elect to have either SECTION 8.2 or 8.3 hereof applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at the option of its Board of Directors evidenced by a Board Resolution set forth in an Officer’s Officers’ Certificate, at any time, elect to have either SECTION Section 8.2 or 8.3 hereof applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at the option of its Board of Directors evidenced by a Board Resolution set forth in an Officer’s Officers’ Certificate, at any time, elect to have either SECTION Section 8.2 or 8.3 hereof applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Option to Effect Defeasance or Covenant Defeasance. The Issuer Issuers may, at the option of its Board of Directors evidenced by a Board Resolution set forth in an Officer’s Officers’ Certificate, at any time, elect to have either SECTION Section 8.2 or 8.3 hereof applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at the option of its Board of Directors evidenced by a Board Resolution set forth in an Officer’s Certificate, at any time, elect to have either SECTION Section 8.2 or 8.3 hereof applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at the option of its Board of Directors evidenced by a Board Resolution set forth in an Officer’s Officers’ Certificate, at any time, elect to have either SECTION Section 8.2 or 8.3 hereof applied to all outstanding Notes of a series upon compliance with the conditions set forth below in this Article VIII.

Option to Effect Defeasance or Covenant Defeasance. The Issuer Issuers may, at the their option of its Board of Directors evidenced by a Board Resolution set forth in an Officer’s Certificateresolution of their respective board of directors, at any time, with respect to the Notes, elect to have either SECTION 8.2 Section 8.02 or 8.3 hereof Section 8.03 applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIIIEight.

Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at the option of its Board of Directors evidenced by a Board Resolution set forth in an Officer’s Certificate, at any time, elect to have either SECTION Section 8.2 or 8.3 hereof applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at the option of its Board of Directors evidenced by a resolution of its Board Resolution of Directors set forth in an Officer’s Officers’ Certificate, at any time, elect to have either SECTION Section 8.2 or 8.3 hereof applied to all outstanding Notes and Note Guarantees upon compliance with the conditions set forth below in this Article VIII.

Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at the option of its Board of Directors evidenced by a Board Resolution set forth in an Officer’s CertificateResolution, at any time, elect to have either SECTION 8.2 Section 9.2 or 8.3 9.3 hereof be applied to all outstanding Secured Notes upon compliance with the conditions set forth below in this Article VIII9.

Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at the option of its Board of Directors evidenced by a Board Resolution set forth in an Officer’s Officers’ Certificate, at any time, elect to have either SECTION Sections 8.2 or and/or 8.3 hereof applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at the its option by a resolution of its Board board of Directors evidenced by a Board Resolution set forth in an Officer’s Certificatedirectors, at any time, with respect to the Notes, elect to have either SECTION 8.2 Section 8.02 or 8.3 hereof Section 8.03 applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIIIEight.

Option to Effect Defeasance or Covenant Defeasance. The Issuer may, at the option of its Board of Directors evidenced by a Board Resolution set forth in an Officer’s Certificate, at any time, elect to have either SECTION 8.2 or 8.3 hereof 509335-2181-14734-Active.16594683.10 applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.