Defeasance Collateral Account definition

Defeasance Collateral Account shall have the meaning set forth in Section 2.8 hereof.
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Defeasance Collateral Account shall have the meaning set forth in Section 2.5.3.
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Defeasance Collateral Account shall have the meaning set fort in SECTION 2.5.2.
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Examples of Defeasance Collateral Account in a sentence

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

  • Borrower shall prepay all cost and expenses associated with opening and maintaining the Defeasance Collateral Account.

  • The Defeasance Collateral Account shall contain only (i) Defeasance Collateral, and (ii) cash from interest and principal paid on the Defeasance Collateral.

  • Borrower shall prepay all costs and expenses associated with opening and maintaining the Defeasance Collateral Account.

  • Any cash from interest and principal paid on the Defeasance Collateral not needed to pay accrued and unpaid interest or Principal shall be retained in the Defeasance Collateral Account as additional collateral for the Loan.


More Definitions of Defeasance Collateral Account

Defeasance Collateral Account shall have the meaning provided in Section 9.1.
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Defeasance Collateral Account. As defined in Section 47 hereof.
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Defeasance Collateral Account. 2.3.3 “Defeasance Event” — 2.3.3 “Defeasance Date” — 2.3.3 “Deposit Account” — 3.1
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Defeasance Collateral Account. Section 2.5.2 "Defeasance Date" - Section 2.5.1(a)(i) "Defeasance Event" - Section 2.5.1
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Defeasance Collateral Account shall have the meaning set forth in Section 2.5.3. "Defeasance Date" shall have the meaning set forth in Section 2.5. l(a)(i). "Defeasance Event" shall have the meaning set forth in Section 2.5.1(a). "Disclosure Document" shall have the meaning set forth in Section 9.2(a).
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Defeasance Collateral Account shall have the meaning set forth in Section 2.5.3 hereof. "Defined Benefit Plan" shall mean a plan, document, agreement, or arrangement currently or previously maintained or sponsored by the Borrower or by any Employee Plan Affiliate or to which either the Borrower or Employee Benefit Affiliate currently makes, or previously made, contributions and which (i) provides or is expected to provide retirement benefits to employees or other workers and (ii) the Borrower could reasonably be expected to have any liability (including liability attributable from an Employee Plan Affiliate). A Defined Benefit Plan shall include any plan that if it were terminated at any time, would result in Borrower or Employee Plan Affiliate being deemed to be a "contributing sponsor" (as defined in Section 4001(a)(13) of ERISA) of the terminated plan pursuant to ERISA Section 4069. A Defined Benefit Plan does not include a Multiemployer Plan. "Disclosure Document" shall have the meaning set forth in Section 9.2(a) hereof. "Eligible Account" shall mean an identifiable account which is separate from all other funds held by the holding institution that is either (a) an account or accounts maintained with the corporate trust department of a federal or state-chartered depository institution or trust company which complies with the definition of Eligible Institution or (b) a segregated trust account or accounts maintained with the corporate trust department of a federal or state chartered depository institution or trust company acting in its fiduciary capacity which, in the case of a state chartered depository institution or trust company is subject to regulations substantially similar to 12 C.F.R. §9.10(b), having in either case a combined capital and surplus of at least $50,000,000 and subject to supervision or examination by federal and state authority. An Eligible Account will not be evidenced by a certificate of deposit, passbook or other instrument. "Eligible Institution" shall mean a federal or state chartered depository institution or trust company insured by the Federal Deposit Insurance Corporation the short term unsecured debt obligations or commercial paper of which are rated at least A-1 by S&P, P-1 by Moody's and F-1 by Fitch in the case of accounts in which funds are held for thirty (30) days or less or, in the case of Letters of Credit or accounts in which funds are held for more than thirty (30) days, the long term unsecured debt obligations of which are rated at least "...
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Defeasance Collateral Account. 2.3.3 “Defeasance Date” — 2.3.3 “Defeasance Event” — 2.3.3 “Delaware Act” — Schedule 5 “Disclosure Document” — 9.1.2 “Easements” — 4.14 “EEA Financial Institution” — 10.31 “EEA Member Country” — 10.31 “EEA Resolution Authority” — 10.31 “Embargoed Person” — 5.31(c) “Endorsement” — 5.26.2 “Environmental Laws” — 4.21 “Equipment” — Mortgage
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