Defeasance and Discharge definition

Defeasance and Discharge. Provisions: Customary for high yield debt securities consistent with the Propco Second Lien Notes Documentation Principles. Modification: Customary for high yield debt securities consistent with the Propco Second Lien Notes Documentation Principles. Notes held by the Issuer or its affiliates, including the Sponsors, shall not have voting rights. Registration Rights: Customary registration rights.
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Defeasance and Discharge. Provisions: Consistent with the Existing Subordinated Notes. Modification: Consistent with the Existing Subordinated Notes.
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Defeasance and Discharge. Provisions: Customary for similar high yield debt securities. Modification: Customary for similar high yield debt securities.
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Examples of Defeasance and Discharge in a sentence

  • Defeasance and Discharge Provisions: Customary for high yield debt securities consistent with the Documentation Precedent.

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  • The Issuer (hereafter in this Article VIII, the “Defeasor”) may, at its option at any time, with respect to the Notes, elect to have either Section 8.2 (Legal Defeasance and Discharge) or 8.3 (Covenant Defeasance) be applied to all outstanding Notes and all obligations of the Guarantors with respect to the Guarantees upon compliance with the conditions set forth below in this Article VIII.

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Related to Defeasance and Discharge

  • Direct discharge means the discharge of a pollutant.

  • Defeasance has the meaning specified in Section 1302.

  • New discharger means any building, structure, facility, or installation: (A) From which there is or may be a new or additional discharge of pollutants at a site at which on October 18, 1972, it had never discharged pollutants; (B) Which has never received a finally effective NPDES permit for discharges at that site; and (C) Which is not a “new source”. This definition includes an indirect discharger, which commences discharging into waters of the United States. It also includes any existing mobile point source, such as an offshore oil drilling rig, seafood processing vessel, or aggregate plant that begins discharging at a location for which it does not have an existing permit.

  • Defeasance Obligations means any of the following obligations:

  • Defeasance Event shall have the meaning set forth in Section 2.5.1(a).