Common use of Voluntary Defeasance of the Note Clause in Contracts

Voluntary Defeasance of the Note. (a) Subject to the terms and conditions set forth in this Section 2.3.3, Borrower may defease all or any portion of the Loan evidenced by the Note (hereinafter, a "Defeasance"); provided, that no such Defeasance may occur prior to the Release Date. Each Defeasance shall be subject, in each case, to the satisfaction of the following conditions precedent:

Voluntary Defeasance of the Note. (a) Subject After the Optional Defeasance Date and subject to the terms and conditions set forth in this Section 2.3.32.3.2, Borrower may defease all or any portion (but not less than all) of the Loan evidenced by the Note with U.S. Government Securities (hereinafter, a "DefeasanceDEFEASANCE"); provided, that no such Defeasance may occur prior to the Release Date. Each Defeasance shall be subject, in each case, to the satisfaction of the following conditions precedent:

Voluntary Defeasance of the Note. (a) Subject to the terms and conditions set forth in this Section 2.3.3Sec- tion 2.3.7, Borrower may defease all or any portion of the Loan evidenced by any or all of the Note (hereinafter, a "Defeasance"); provided, that no such Defeasance may occur prior to the Release Date. Each Defeasance shall be subject, in each case, to the satisfaction of the following conditions precedent:

Voluntary Defeasance of the Note. (ai) Subject to the terms and conditions set forth in this Section Sec- tion 2.3.3, Borrower may defease all or any portion of the Loan evidenced by any or all of the Note (hereinafter, a "Defeasance"); provided, that no such Defeasance may occur prior to the Release Date. Each Defeasance shall be subject, in each case, to the satisfaction of the following conditions precedent:

Voluntary Defeasance of the Note. (a) Subject to the terms and conditions set forth in this Section 2.3.3, Borrower may defease all or any portion of the Loan evidenced by the Note (hereinafter, a "DefeasanceDEFEASANCE"); provided, that no such Defeasance may occur prior to the Release Date or after the third Payment Date prior to the Optional Prepayment Date. Each Defeasance shall be subject, in each case, to the satisfaction of the following conditions precedent: