Termination; Defeasance Sample Clauses

Termination; Defeasance. This Mortgage and the security ----------------------- interests created hereby shall terminate when the Secured Obligations due and to become due shall have been paid or performed in full. Upon termination, Mortgagee shall execute and deliver to Mortgagor an appropriate release and such other documents reasonably required by Mortgagor, and shall turn over to Mortgagor any of the Mortgaged Property and any other files, documents or material held by Mortgagee. Mortgagor shall pay Mortgagee's reasonable expenses (including attorneys' fees and expenses) in connection with the termination hereof and any transfer of such property.
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Termination; Defeasance. 27 SECTION 8.2. Rights Cumulative; Waivers.................................. 27 SECTION 8.3. Fees and Expenses........................................... 27 SECTION 8.4. Indemnification............................................. 27 (a) Indemnity......................................................... 27 (b) Third-Party Beneficiaries......................................... 28 SECTION 8.5. Notices..................................................... 28 SECTION 8.6. Amendment and Waiver........................................ 29 SECTION 8.7. Expenses of Mortgagor's Agreements and Duties............... 29 SECTION 8.8. Mortgagee's Right to Use Agents and to Act in Name of Mortgagor................................................ 30 SECTION 8.9. No Compensation or Expense.................................. 30 SECTION 8.10. Limitation of Obligations with Respect to Mortgaged Property 30 (a) Reasonable Care................................................... 30 (b) No Obligations.................................................... 30 SECTION 8.11. Time of the Essence......................................... 30 SECTION 8.12. Inconsistency with Loan Documents........................... 30 SECTION 8.13. Severability................................................ 31 SECTION 8.14. Headings.................................................... 31 SECTION 8.15. Assignment; Benefit......................................... 31 SECTION 8.16. GOVERNING LAW............................................... 31 SECTION 8.17. WAIVER OF JURY TRIAL........................................ 31 SECTION 8.18. CONSENT TO JURISDICTION..................................... 32 SECTION 8.19. Limitation on Interest Payable.............................. 33 SECTION 8.20. Covenants To Run With the Land.............................. 33 SECTION 8.21. No Merger................................................... 33 SECTION 8.22. Relationship................................................ 33
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Termination; Defeasance 
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Related to Termination; Defeasance

  • SECTION 1303. Covenant Defeasance 59 Section 1304. Conditions to Defeasance or Covenant Defeasance.... 59

  • Covenant Defeasance Upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.03, the Company and each Guarantor shall, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be released from their respective obligations under the covenants contained in Article 4 (other than those in Sections 4.01, 4.02, 4.06, 4.14 and 4.19) on and after the date the conditions set forth below are satisfied (hereinafter, “Covenant Defeasance”), and the Notes shall thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but shall continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such Notes shall not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to the outstanding Notes, the Company and any Guarantor may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under Section 6.01 hereof, but, except as specified above, the remainder of this Indenture and such Notes shall be unaffected thereby. In addition, upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.03 hereof, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, Sections 6.01(d) through 6.01(i) hereof shall not constitute Events of Default.

  • 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.

  • Option to Effect Legal Defeasance or Covenant Defeasance The Company may at any time, at the option of its Board of Directors evidenced by a resolution set forth in an Officers’ Certificate, elect to have either Section 8.02 or 8.03 hereof be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article 8.

  • Company’s Option to Effect Defeasance or Covenant Defeasance The Company may elect, at its option at any time, to have Section 1302 or Section 1303 applied to any Securities or any series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1302 or 1303, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities.

  • Issuer’s Option to Effect Defeasance or Covenant Defeasance The Issuer may, at its option and at any time prior to the Stated Maturity of the Notes, by a resolution of its Board of Directors, elect to have either Section 8.02 or Section 8.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article Eight.

  • Option to Effect Defeasance or Covenant Defeasance The Issuer may, at the option of its Board of Directors evidenced by a Board Resolution set forth in an Officer’s Certificate, at any time, elect to have either SECTION 8.2 or 8.3 hereof applied to all outstanding Notes upon compliance with the conditions set forth below in this Article VIII.

  • Legal Defeasance and Covenant Defeasance 67 Section 8.01. Option to Effect Legal Defeasance or Covenant Defeasance..... 67 Section 8.02. Legal Defeasance and Discharge............................... 67 Section 8.03.

  • Satisfaction Discharge and Defeasance SECTION 401.

  • DEFEASANCE AND COVENANT DEFEASANCE SECTION 1301.

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