Common use of Partial Defeasance Clause in Contracts

Partial Defeasance. Upon the Company’s exercise of the option provided in Section 10.1 to have this Section 10.3 applied to all the Outstanding Notes: (i) the Company shall be released from its obligations under Sections 3.3, 3.10, 3.12, 3.13, 3.14, 3,15, 3.16, 3.17, 3.18, 3.19, 3.20 and Article IV and (ii) the occurrence of any event with respect to such Notes specified in Section 5.1(b) and (c) shall not be deemed an Event of Default (but only insofar as such event relates to the obligations from which the Company has been expressly released pursuant to Section 10.3(i)), in each case, on and after the date the conditions set forth in Section 10.4 are satisfied (hereinafter, “Partial Defeasance”). For this purpose, Partial Defeasance means that the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such paragraph to the extent specified above, whether directly or indirectly by reason of any reference elsewhere herein or in the Notes to any such paragraph or by reason of any reference in any such paragraph to any other provision herein or in the Notes or in any other document, but the remainder of the Company’s obligations shall be unaffected thereby.

Partial Defeasance. Upon the Company’s exercise of the option provided in Section 10.1 applicable to have this Section 10.3 applied to all the Outstanding Notes: (i) 10.3, the Company shall be released from its obligations under Article Three except Sections 3.33.9(b), 3.10, 3.12, 3.13, 3.14, 3,15, 3.16, 3.17, 3.18, 3.19, 3.20 3.13(a) and Article IV 3.19 and (ii) to have the occurrence of any of the following events not constitute Events of Default: any event specified in Section 4.1(d), (e), (f), (g), (h), or (l) (but with respect to such Notes specified in Section 5.1(b) and (c) shall not be deemed an Event of Default (but 4.1(e), only insofar as such event clause relates to the obligations under Article Three from which the Company has been expressly released pursuant to as described in this Section 10.3(i)), in each case, on and after the date the conditions set forth in Section 10.4 are satisfied (hereinafter, “Partial Defeasance”10.3). For this purpose, Partial Defeasance such partial defeasance means that the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such paragraph to the extent specified aboveSection or clause, whether directly or indirectly by reason of any reference elsewhere herein or in the Notes to any such paragraph Section or by reason of any reference in any such paragraph clause to any other provision herein or in the Notes or in any other document, but the remainder of this Indenture and the Company’s obligations Notes of such Series shall be unaffected thereby.