Defeasance Costs definition

Defeasance Costs means expenses incurred in the defeasance or prepayment of secured indebtedness including, but not limited to: prepaid interest, yield maintenance or other prepayment premiums, legal, accounting and consulting fees directly attributable to the defeasance of debt; the write‑off of deferred financing fees; servicer processing fees; custodial account fees; rating agency fees; and the computed defeasance premium.

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Defeasance Costs means the amount sufficient to defease the then-outstanding State Bonds and any costs necessary for such defeasance, plus any principal and interest payments the State has made or will make before the State Bonds are defeased.

Defeasance Costs shall each have the meanings set forth in Section 4.4.

Examples of Defeasance Costs in a sentence

• Buyer shall pay its own counsel fees and expenses incurred in connection with the transactions contemplated hereby, all of the escrow fees owing to the Title Insurer relating to the Deposit or otherwise, any transfer taxes payable with respect to the assignment of the Partnership Interests hereunder, and all Defeasance Costs, including all reasonable and documented costs and expenses incurred by Seller in connection with the Defeasance of the Existing Loan.

• If the amount of Defeasance Costs paid by the County to the State is less than the State’s actual Defeasance Costs, the State shall so notify the County and the County shall pay the deficiency to the State within thirty (30) days after the State notifies the County.

• It is acknowledged by Seller and Buyer that the precise cost of the Defeasance may not be known on the date that is one (i) Business Day prior to the Closing Date, and, therefore, Buyer agrees to deposit with the Escrow Agent on such day the Defeasance Costs estimated at the time by the independent consultant engaged by Buyer to complete the Defeasance (with Buyer obligated to pay any deficiency on the Closing Date and entitled to any surplus for an overpayment of the estimated Defeasance Costs).

• Buyer shall include the amount of the Defeasance Penalty and Buyer's share of the Defeasance Costs along with the Purchase Price which shall be delivered to the Escrow Agent as part of Buyer's closing deliveries.

• Buyer’s agreement to pay all of the Defeasance Costs shall survive Closing and any termination of this Contract occurring after the expiration of the Review Period.

More Definitions of Defeasance Costs

Defeasance Costs is defined in Section 11.01(d).

Defeasance Costs has the meaning set forth in Section 5.6.

Defeasance Costs shall have the meaning set forth in Section 10.1(c) hereof.

Defeasance Costs means all charges and expenses charged by the Existing Lender, and, as applicable, any and all other administrative fees and costs, attorneys’ fees and expenses and other amounts charged by the Existing Lender in connection with the conveyance of the Property and release of the liens securing the Existing Debt, including custodial fees, rating agency fees, accountant fees, legal fees, successor borrower legal fees, defeasance consultant fees, services legal fees, services processing fees, and the defeasance premium.

Defeasance Costs means all costs and fees incurred or payable in order to accomplish and complete the Defeasance (including but not limited to the Defeasance Fee, the Defeasance Collateral Cost, and all costs and fees of Lender).

Defeasance Costs has the meaning specified in the definition of Closing Indebtedness in Section 1.1.

Defeasance Costs means those costs associated with the prepayment or defeasance of the Defeased Debt.