Defeasance Amount definition

Defeasance Amount has the meaning specified in Section 1.2(b).

Defeasance Amount means, with respect to any Partial Defeasance, the sum of (i) the amount referred to in Section 8.05(iv)(A) with respect to such Partial Defeasance and (ii) any costs and expenses incurred or to be incurred in connection with the purchase of the U.S. Obligations described in Section 8.05(iv)(A) with respect to such Partial Defeasance (including any fees and expenses incurred in connection therewith by accountants, attorneys and any Rating Agency then providing a rating for any Bond).

Defeasance Amount means an amount equal to the sum of:

Examples of Defeasance Amount in a sentence

• If the foregoing condition would not be satisfied by defeasance of the Partial Defeasance Amount indicated in subparagraph (e) below, Borrower may by written notice to Lender given not less than ten (10) days prior to the Partial Defeasance increase the Partial Defeasance Amount to an amount which would result in the foregoing condition being satisfied upon completion of the Partial Defeasance of such larger Partial Defeasance Amount.

• No Partial Defeasance, nor any increase in any Partial Defeasance Amount under this paragraph (b) or paragraphs (c) below, shall affect the allocated loan amounts for the remaining Mortgaged Property as set forth on Schedule 2.17.

• The Purchase Price less the Defeasance Amount, subject to adjustment for any prorations and cost allocations and credits in accordance with the terms of this Agreement, shall be disbursed to Seller on the Closing Date.

• AXON AVAILABLE.22C062949 10/6/2022 11:04:32AM 2800 N ROCK 2697 TRESPASSR-1 reports S-1 staying on the property when he does not live there.

• The Bond Trustee may, if the relevant Defeasance Amount cannot be finally and conclusively determined, decide the amount to be deposited to the Defeasance Account in its discretion, applying such buffer amount as it deems required.

More Definitions of Defeasance Amount

Defeasance Amount means the aggregate amount of cash and/or United States Treasury obligations necessary to defease the Existing Deed of Trust in full as of the Closing Date in accordance with the terms and conditions of Section 7.06(b) of the Existing Deed of Trust and the terms and conditions of the GECAM Agreement. "First Permitted Prepayment Date" shall have the meaning set forth in the Existing Deed of Trust. "GECAM" means GE Capital Asset Management Corporation, in its capacity as master servicer of the Existing Loan. "GECAM Agreement" means that certain letter agreement, dated October 20, 1997, between the Owner Partnership and GECAM. "Loan Reserve" shall have the meaning set forth in the Existing Deed of Trust. "New Borrower" shall have the meaning and shall conform to the requirements contained in the GECAM Agreement.

Defeasance Amount means, with respect to any Partial Defeasance, the sum of (i) the amount referred to inSection 8.05(iv)(A) with respect to such Partial Defeasance and (ii) any costs and expenses incurred or to be incurred in connection with the purchase of the U.S. Obligations described in Section 8.05(iv)(A) with respect to such Partial Defeasance (including any fees and expenses incurred in connection therewith by accountants, attorneys and any Rating Agency then providing a rating for any Bond).

Defeasance Amount means the portion of the outstanding Principal amount of this Note equal to, initially zero (0) and upon each Letter of Credit Event Date, shall be increased to the sum of (i) the Holder’s Pro Rata Portion of the cash amount in the Collateral Account and (ii) Holder Letter of Credit Amount then outstanding.

Defeasance Amount means the aggregate amount necessary to defease the Debentures outstanding on the Closing Date in accordance with the terms of the Indenture;

Defeasance Amount is equal to such amount as shall satisfy the Rating Agency Condition with respect to the Certificates.

Defeasance Amount the amount required to defease the Bonds pursuant to Section 7.01 of the Trust Indenture under which the Bonds were issued.

Defeasance Amount means (i) with respect to any Indebtedness incurred solely in connection with the purchase of equipment ("EQUIPMENT FINANCING"), an amount equal to 20% of such Equipment Financing (ii) with respect to any Indebtedness incurred solely in connection with a Project Financing Indebtedness, an amount equal to 5% of such Project Financing Indebtedness and (iii) in all other circumstances an amount equal to 25% of such Indebtedness.