Defeasance Date definition

Defeasance Date shall have the meaning set forth in Section 2.5.1(a)(i) hereof.

Defeasance Date means the 2nd anniversary of the “startup date” of the last REMIC within the meaning of Section 860G(a)(9) of the Tax Code which holds all or any portion of the Loan.

Defeasance Date has the meaning set forth in Section 2.7.

Examples of Defeasance Date in a sentence

• In connection with the release of the Lien, Borrower shall submit to Lender, not less than thirty (30) days prior to the Defeasance Date (or such shorter time as is acceptable to Lender in its sole discretion), a release of Lien (and related Loan Documents) for execution by Lender.

• In connection with the release of the lien, Borrower shall submit to Lender, not less than thirty (30) days prior to the Total Defeasance Date (or such shorter time as is acceptable to Lender in its sole discretion), a release of lien (and related Loan Documents) for execution by Lender.

• In connection with any such release of the Lien, Borrower shall submit to Lender, not less than thirty (30) days prior to the Defeasance Date (or such shorter time as permitted by Lender in its sole discretion), a release of Lien (and related Loan Documents) for execution by Lender.

• The Manager may not assign, sell, transfer, participate, pledge, or hypothecate, in whole or in part, its interest in any Discretionary Funding Advances without the consent of the Initial Member, and until the Purchase Money Notes Defeasance Date, the Purchase Money Notes Guarantor.

• The Defeasance Date may not be more than 60 calendar days, nor less than 30 calendar days, after the delivery of the Defeasance Notice.

More Definitions of Defeasance Date

Defeasance Date shall have the meaning set forth in Section 2.4.1(a)(i) hereof.

Defeasance Date means either the Total Defeasance Date or the Partial Defeasance Date, as applicable.

Defeasance Date shall have the meaning ascribed to it in Section 2.11(a).

Defeasance Date means the date upon which the Defeasance is completed.

Defeasance Date shall have the meaning set fort in SECTION 2.5.1(A)(I).

Defeasance Date is the date on which a Trigger Initiated Defeasance Event or Market Initiated Defeasance Event occurs.

Defeasance Date shall have the meaning set forth in Section --------------- 2.4.1