Defeasance definition

Defeasance has the meaning specified in Section 1302.
Defeasance has the meaning specified in Section 13.02.
Defeasance has the meaning specified in Section 1402.

Examples of Defeasance in a sentence

  • Defeasance provisions, if any, for Securities denominated in a Foreign Currency may be specified pursuant to Section 3.01.

  • Upon the Company's exercise under Section 8.01 hereof of the option applicable to this Section 8.02, the Company shall, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its obligations with respect to all outstanding Notes on the date the conditions set forth below are satisfied (hereinafter, "Legal Defeasance").

  • Lender shall not in any way be liable by reason of any insufficiency in the Defeasance Collateral Account.

  • Upon the Company's exercise of its option (if any) to have this Section applied to any Securities or any series of Securities, as the case may be, the Company shall be deemed to have been discharged from its obligations with respect to such Securities as provided in this Section on and after the date the conditions set forth in Section 1304 are satisfied (hereinafter called "Defeasance").

  • The provisions of this Section 6.7 shall survive the resignation or removal of the Trustee and the termination or satisfaction and discharge of this Indenture and the Legal Defeasance of the Securities.


More Definitions of Defeasance

Defeasance has the meaning specified in Section 13.2.
Defeasance has the meaning specified in Section 4.02.
Defeasance is defined in Section 11.12.
Defeasance has the meaning specified in Section 12.02.
Defeasance has the meaning set forth in Section 11.02 hereof.
Defeasance means the setting aside in escrow or other special fund or account of sufficient investments and money dedicated to pay all principal of and interest on all or a portion of an obligation as it comes due.
Defeasance shall have the meaning set forth in Section 10.4.