Common use of Option to Effect Legal Defeasance Clause in Contracts

Option to Effect Legal Defeasance. or Covenant Defeasance; Defeasance. The Issuer may, at its option and at any time, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Appears in 4 contracts

Sources: Indenture (Carvana Co.), Indenture (Carvana Co.), Indenture (Carvana Co.)

Option to Effect Legal Defeasance. or Covenant Defeasance; Defeasance. The Issuer may, at its option and at any time, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

Appears in 1 contract

Sources: Indenture (Diversey Holdings, Ltd.)