Examples of Defeasance Option in a sentence
The Company may exercise its Legal Defeasance Option notwithstanding its prior exercise of its Covenant Defeasance Option.
If the Company exercises its Legal Defeasance Option, the Events of Default shall be deemed eliminated and payment of the Notes may not be accelerated because of an Event of Default.
If the Company exercises its Covenant Defeasance Option, payment of the Notes may not be accelerated because of an Event of Default specified in Sections 6.01(a)(iii) (with respect to the covenants described in the immediately preceding paragraph), (iv), (v) and (vi).
Torous, 2004, “Pricing the Defeasance Option in Securitized Commercial Mortgages,” Working paper.Dyl, Edward, and Michael Joehnk, 1976, “Refunding Tax-Exempt Bonds,” Financial Man- agement, 5, 59-66.Fischer, Philip J., 1983, “Advance Refunding and Municpal Bond Market Efficiency,” Jour- nal of Economics and Business, 35, 11-20.Glaeser, Edward L., and Giacomo A.
For all DUS loans taking advantage of the Alternative Defeasance Option, which include the Alternative Defeasance Option (in lieu of Yield Maintenance), the Lender must include Exhibit B, Modifications to Instrument (Defeasance), Form 4078B, dated 12/99, with the Security Instrument and have the Borrower initial where indicated.