Defeasance Agent definition

Defeasance Agent means another financial institution which is eligible to act as Trustee hereunder and which assumes all of the obligations of the Trustee necessary to enable the Trustee to act hereunder. In the event such a Defeasance Agent is appointed pursuant to this Section, the following conditions shall apply:

Defeasance Agent shall have the meaning given to such term in Section 11.05(c).

Defeasance Agent shall have the meaning set forth in Section 11.05.

Examples of Defeasance Agent in a sentence

• The Defeasance Agent shall provide verification to the Trustee acknowledging receipt of sufficient money and/or U.S. Government Obligations to meet the applicable conditions set forth in this Section 11.05.

• The Defeasance Agent shall provide verification to the Trustee acknowledging receipt of sufficient money and/or U.

• The Company agrees to reimburse the Trustee or any Defeasance Agent for any costs or expenses thereafter reasonably and properly incurred and to compensate the Trustee or any Defeasance Agent for any services thereafter reasonably and properly rendered by the Trustee or any Defeasance Agent, respectively, in connection with this Indenture or the Debentures of such series.

• Defeasance Agent has agreed to accept, hold, and disburse the funds deposited with it and the earnings thereon in accordance with the terms of this Agreement and the Side Letters.

• The City hereby directs the Lender to wire transfer $303,775,252.49 of the proceeds of the Loan to the Defeasance Agent in order to the defease the Series 2005A Bonds and Series 2005B Bonds and $498,047.51 of the proceeds of the Loan to the City to pay a portion of the Closing Costs.

More Definitions of Defeasance Agent

Defeasance Agent means another financial institution appointed by the Company which is eligible to act as Trustee hereunder and which assumes all of the obligations of the Trustee necessary to enable the Trustee to act hereunder. In the event such a Defeasance Agent is appointed pursuant to this section, the following conditions shall apply:

Defeasance Agent. The term "Defeasance Agent" shall mean the Person, ---------------- if any, selected by the Company and approved by the Trustee to receive the payments of money and any Governmental Obligations as provided in Section 11.01.

Defeasance Agent shall have the meaning assigned to such term in Section 11.05 hereof.

Defeasance Agent means U.S. Bank National Association, in its capacity as defeasance or escrow agent in connection with the defeasance of the Series 2005A Bonds and Series 2005B Bonds.

Defeasance Agent. Issuer: FIRST UNION NATIONAL BANK Mohegan Tribal Gaming Authority, An instrumentality of the Nation By:/s/ W. Xxxxxxx Xxxxxx By:/s/ Xxxxx Xxxxxxx ______________________ _____________________________ The undersigned acknowledge that the Authority has entered into the foregoing and confirms the principal amounts of the Notes held by each. Amount: 15% Notes CG Notes Sun International Hotels Limited, ---------- -------- a Bahamian Corporation $ 850,000 $ 7,000,000 By: /s/ Xxxxxxx Xxxxx 19,150,000 15,000,000 --------------------------- ----------- 10,000,000 Name: $20,000,000 5,000,000 Title: 8,000,000 ---------- $45,000,000 -10- Amount:15% Notes CG Notes --------- -------- WATERFORD GAMING LLC 850,000 2,500,000 A Delaware limited liability company 19,150,000 2,500,000 ---------- ---------- By:_________________________________ $20,000,000 $5,000,000 Name: Title: SCHEDULE 1 INVESTMENT OF DEFEASANCE FUNDS

Defeasance Agent means a financial institution which is eligible to act as a trustee under the Trust Indenture Act of 1939, as amended and which assumes all of the obligations necessary to enable the Trustee to act under this Article. In the event such a Defeasance Agent is appointed pursuant to this Section, the Defeasance Agent shall provide verification to the Noteholders acknowledging receipt of sufficient money and/or U. S. Government Obligations to meet the applicable conditions set forth in this Section 10.05.

Defeasance Agent has the meaning set forth in Section 11.05(a)(i).