Defeasance Collateral Requirement means an amount sufficient to provide payment of all (A) principal indebtedness outstanding as of the date of Defeasance under the Note as it becomes due through the date that is three (3) months prior to the Anticipated Repayment Date and (B) scheduled interest on the Loan as it becomes due through the date that is three (3) months prior to the Anticipated Repayment Date.
Defeasance Collateral Requirement means with respect to
Defeasance Collateral Requirement means with respect to (i) the Defeasance of the Liens of the Security Instrument for all of the Property that has not be subject to prior Property Releases, Defeasance Collateral in an amount sufficient to pay all principal indebtedness outstanding as of the date of Defeasance under the Note as it becomes due and sufficient to pay scheduled interest payments on the Loan, as the same become due, through the Maturity Date or (ii) a Defeasance of the Lien of the Security Instrument for a Release Property, Defeasance Collateral in an amount sufficient to pay the Release Price with respect to such Release Property outstanding as of the Release Date under the Note as it becomes due and sufficient to pay the balance of scheduled interest payments on the Release Price with respect to such Release Property, as the same become due, through the Maturity Date.
Examples of Defeasance Collateral Requirement in a sentence
If Grantor shall so elect, Grantor shall comply with the provisions of Section 45 hereof as to the Substitute Property and, upon compliance with such Section 45, Beneficiary shall deliver to Grantor Defeasance Collateral, free and clear of all Liens, in an amount equal to the Minimum Defeasance Collateral Requirement that would have been attributable to such Substitute Property as of the Substitution Date.
More Definitions of Defeasance Collateral Requirement
Defeasance Collateral Requirement means with respect to a Defeasance of the Lien of this Mortgage, Defeasance Collateral in an amount sufficient to pay all principal indebtedness outstanding as of the date of Defeasance under the Note as it becomes due and sufficient to pay scheduled interest payments on the Loan, as the same become due, through the Anticipated Repayment Date, in the case of Defeasance prior thereto, or through the Maturity Date, in the case of Defeasance occurring after the Anticipated Repayment Date .
Defeasance Collateral Requirement means with respect to the defeasance of the security interest in the Collateral (other than Defeasance Collateral) provided for pursuant to Section 13 (“Defeasance”), Defeasance Collateral in an amount sufficient to provide payment of all (A) principal indebtedness outstanding as of the date of Defeasance under the Notes as it becomes due through the date set forth in clause (i) of the definition of “Maturity Date” as defined in the Notes (and, notwithstanding any term to the contrary in the Transaction Documents, calculated by assuming all the indebtedness outstanding as of the date of the Defeasance is due in full on such date) and (B) scheduled interest on the Notes as it becomes due through such date.
Defeasance Collateral Requirement means with respect to the Defeasance of the Lien of the Security Instrument, Defeasance Collateral in an amount sufficient to provide payment of all (A) principal indebtedness outstanding as of the date of Defeasance under the Note as it becomes due through the Anticipated Repayment Date (and, notwithstanding any term to the contrary in the Loan Documents, calculated by assuming all the Indebtedness outstanding as of the date of the Defeasance is due in full on the Anticipated Repayment Date) and (B) scheduled interest on the Loan as it becomes due through the Anticipated Repayment Date.