Defeased Note definition

Defeased Note shall have the meaning set forth in Section 2.4.1(a)(v) hereof.

Defeased Note has the meaning provided in Section 2.10.

Defeased Note shall have the meaning set forth in Section 2.8 hereof.

Examples of Defeased Note in a sentence

• The Defeased Note and Undefeased Note shall have identical terms as the Note except for the principal balance.

• Borrower shall pay $1,000 to any such Successor Borrower as consideration for assuming the obligations under the Note or the Defeased Note, as applicable, and the Security Agreement.

• Such Successor Borrower shall assume the obligations under the Note or the Defeased Note, as applicable, and the Security Agreement and Borrower shall be relieved of its obligations under such documents.

• Management accrues contingent liabilities only when management concludes that it is both probable that a liability has been incurred at the date of the financial statements and the amount of loss can be reasonably estimated.

• Borrower shall transfer and assign all obligations, rights and duties under and to the Defeased Note, together with the Defeasance Collateral to such Successor Borrower.

More Definitions of Defeased Note

Defeased Note shall have the meaning set forth in Section 2.5.2(iv) hereof.

Defeased Note shall have the meaning set forth in Section 15.01 hereof.

Defeased Note has the meaning assigned in Section 2.4(b)(v).

Defeased Note shall have the meaning set forth in Section ------------- 2.4.1(a)(v) hereof.

Defeased Note has the meaning set forth in Section 2.05(b)(v) of this Loan Agreement.

Defeased Note has the meaning set forth in Section 2.7(c)(iv).

Defeased Note shall have the meaning set forth in Section 2.4(c)(i)(D) hereof.