Common use of Option to Effect Legal Defeasance Clause in Contracts

Option to Effect Legal Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have Section 12.2 hereof be applied to all outstanding New Notes upon compliance with the conditions set forth below in this Article 12.

Appears in 1 contract

Sources: Indenture (Sri Receivables Purchase Co)

Option to Effect Legal Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have Section 12.2 8.02 hereof be applied to all outstanding New Senior Discount Notes upon compliance with the conditions set forth below in this Article 12Eight.

Appears in 1 contract

Sources: First Supplemental Indenture (Sf Holdings Group Inc)

Option to Effect Legal Defeasance. The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers' Certificate, at any time, elect to have Section 12.2 9.02 hereof be applied to all outstanding New Notes upon compliance with the conditions set forth below in this Article 129.

Appears in 1 contract

Sources: Indenture (Covad Communications Group Inc)