Common use of Defeasance Deposit Clause in Contracts

Defeasance Deposit. If a Fxxxxx Mxx Investment Security will be the Substitute Collateral, then, on or before 3:00 p.m., Washington, D.C. time, on the Defeasance Closing Date, Borrower shall pay the Defeasance Deposit (reduced by the Defeasance Commitment Fee) to Lender to be used by Lender to purchase the Fxxxxx Mae Investment Security as Borrower’s agent.

Defeasance Deposit. If a Fxxxxx Mxx Fannxx Xxx Investment Security will be the Substitute Collateral, then, on or before 3:00 p.m., Washington, D.C. time, on the Defeasance Closing Date, Borrower shall pay the Defeasance Deposit (reduced by the Defeasance Commitment Fee) to Lender to be used by Lender to purchase the Fxxxxx Mae Investment Fannxx Xxx Xxxestment Security as Borrower’s 's agent.

Defeasance Deposit. If a Fxxxxx Mxx Xxxxxx Mae ------------------ Investment Security will be the Substitute Collateral, then, on or before 3:00 p.m., Washington, D.C. time, on the Defeasance Closing Date, the Borrower shall pay the Defeasance Deposit (reduced by the Defeasance Commitment Fee) to Lender to be used by Lender to purchase the Fxxxxx Mae Xxxxxx Xxx Investment Security as the Borrower’s 's agent.

Defeasance Deposit. If a Fxxxxx Mxx Xxxxxx Mae Investment Security will ------------------ be the Substitute Collateral, then, on or before 3:00 p.m., Washington, D.C. time, on the Defeasance Closing Date, Borrower shall pay the Defeasance Deposit (reduced by the Defeasance Commitment Fee) to Lender to be used by Lender to purchase the Fxxxxx Mae Xxxxxx Xxx Investment Security as Borrower’s 's agent.