Full Defeasance definition

Full Defeasance means a Defeasance of the entire Property.
Sample 1
Full Defeasance. At Company's option on the reverse of this Security (unless otherwise specified) . Covenant Defeasance: At Company's option INTEREST DETERMINATION DATE(S): as provided in Sections 3(b) through 3(j), as applicable, on the OTHER TERMS: In its sole discretion, the Company reverse of this Security (unless otherwise specified) may at a later date issue additional debt securities having the same terms as this Security.
Sample 1
Full Defeasance. At Company's option . Covenant Defeasance: At Company's option
Sample 1

Examples of Full Defeasance in a sentence

  • Full Defeasance: Applicable x Covenant Defeasance: ApplicableTerms left blank or marked “N/A”, “No”, “None” or in a similar manner do not apply to this Security except as otherwise may be specified.Whenever used in this Security, the terms specified above that apply to this Security have the meanings specified above, unless the context requires otherwise.

  • If Borrowers have elected a Full Defeasance and the requirements of Section 2.4.2 have been satisfied, the Properties shall be released from the Liens of the Mortgages and the other Loan Documents, and the Defeasance Collateral pledged pursuant to the Defeasance Security Agreement shall constitute the only collateral which shall secure the Note and all other Obligations.

  • Lender shall cooperate with Borrower to effect a Partial Defeasance or Full Defeasance upon notice by Borrower of its decision to effectuate the same.

  • If Borrower has elected a Full Defeasance, and the requirements of Section 2.3.3 have been satisfied, the Property shall be released from the Lien of the Mortgage, and the U.S. Obligations pledged pursuant to the Security Agreement shall be the sole source of collateral securing the Debt.

  • In furtherance of, but in no way limiting, the foregoing, Xxxxxxxx.xxx covenants and agrees that, during the Term, it will not enter into any agreement with any company engaged in the business of Office Supplies whereby such company shall have the right to (i) advertise on Xxxxxxxx.xxx's web site in any manner whatsoever or (ii) provide Office Supplies to Xxxxxxxx.xxx's customers.

  • Upon such assumption by Successor Borrower with respect to a Full Defeasance Event, Borrower shall be relieved of its obligations under such documents, except with respect to any provision therein which by their terms expressly survive a payment, repayment, defeasance or other satisfaction of the Loan and/or transfer of the Properties or any individual Property in connection with Lender’s exercise of its remedies under this Agreement and the other Loan Documents.

  • Borrower shall pay a minimum of $1,000 to any such Successor Borrower as consideration for assuming the obligations under the Note (in the case of a Full Defeasance Event) or the Defeased Note (in the case of a Partial Defeasance Event), this Agreement and the Security Instrument.

  • Loan IDScheduledBalanceMaturity DateCount:Totals:*Defeasance Status:P = Portion of Loan Previously Defeased.F = Full Defeasance.

  • If Borrowers have elected a Full Defeasance and the requirements of Section 2.3.3 and this Section 2.4 have been satisfied, the Properties shall be released from the Liens of the Mortgages and the Defeasance Collateral pledged pursuant to the Security Agreement shall be the sole source of collateral securing the Note.

  • If Borrower has elected a Full Defeasance, and the requirements of Section 2.3.3 have been satisfied, the Property shall be released from the Lien of the Security Instrument, and the U.S. Obligations pledged pursuant to the Security Agreement shall be the sole source of collateral securing the Debt.


More Definitions of Full Defeasance

Full Defeasance. 2.3.3 "GCM Group" - 9.1.3 "Ground Rent Subaccount" - 3.8 "Hazardous Substances" - 4.21 "Improvements" - Mortgage "Increased Capital Expenses Letter of Credit" - 3.4.2
Sample 1
Full Defeasance. Section 2.5.1(a) "Improvements" - Mortgage "Indemnified Liabilities" - Section 11.13(b) "Independent Director" - Schedule V "Initial Interest Period" - Section 2.3.1 "Insurance Account" - Section 6.4.1 "Insurance Funds" - Section 6.4.1 "Insurance Premiums" - Section 5.1.1(b) "Interest Period" - Section 2.3 "Key Principal" - Section 8.2 "Lease Termination Payments" - Section 6.6.1(b)(i) "Liabilities" - Section 9.2(b) "Manager Termination Ratio" - Section 7.3 "Net Proceeds Deficiency" - Section 5.3.2(f) "Note" - Section 2.1.3 "Notice" - Section 11.6 "Operating Expense Account" - Section 6.8 "Operating Expense Funds" - Section 6.8 "Optional Prepayment Date": - Section 2.4.1 "Partial Defeasance" - Section 2.5.1(a) "Permitted Indebtedness" - Schedule V "Permitted Investments" - Cash Management Agreement "Permitted Transfer" - Section 8.2 "Policies" - Section 5.1.1(b) "Rating Surveillance Charge" - Section 9.3 "Registration Statement" - Section 9.2(b) "Remaining Property" - Section 2.6 "Restoration" - Section 5.2.1 "Rollover Account" - Section 6.6.1 "Rollover Funds" - Section 6.6.1 "Secondary Market Transaction" - Section 9.1(a) "Securities" - Section 9.1(a) "Securities Act" - Section 9.2(a) "Securitization" - Section 9.1(a) "Servicer" - Section 11.24 "Servicing Agreements" - Section 11.24 "Severed Loan Documents" - Section 10.2(c) "Special Member" - Schedule V "Springing Recourse Event" - Section 11.22 "Standard Statements" - Section 9.1(c) "Successor Borrower" - Section 2.5.3 "Tax Account" - Section 6.3.1 March 31, 2003
Sample 1

Related to Full Defeasance

  • Covenant Defeasance has the meaning specified in Section 1303.

  • Legal Defeasance has the meaning set forth in Section 9.02.

  • Legal Defeasance Option is defined in Section 4.01(b) of the Indenture.

  • Covenant Defeasance Option is defined in Section 4.01(b) of the Indenture.

  • Scheduled Defeasance Payments shall have the meaning set forth in Section 2.5.1(b) hereof.

  • Defeasance Period is defined in the Note, if applicable.

  • Defeasance has the meaning specified in Section 1302.

  • Defeasance Securities means (i) Federal Securities, (ii) noncallable obligations of an agency or instrumentality of the United States of America, including obligations that are unconditionally guaranteed or insured by the agency or instrumentality and that, on the date the Commissioners Court adopts or approves proceedings authorizing the issuance of refunding bonds or otherwise provide for the funding of an escrow to effect the defeasance of the Bonds are rated as to investment quality by a nationally recognized investment rating firm not less than "AAA" or its equivalent, (iii) noncallable obligations of a state or an agency or a county, municipality, or other political subdivision of a state that have been refunded and that, on the date the Commissioners Court adopts or approves proceedings authorizing the issuance of refunding bonds or otherwise provide for the funding of an escrow to effect the defeasance of the Bonds, are rated as to investment quality by a nationally recognized investment rating firm no less than "AAA" or its equivalent, and (iv) any other then authorized securities or obligations under applicable State law that may be used to defease obligations such as the Bonds.

  • Additional Defeasible Provision means a covenant or other provision that is (a) made part of this Indenture pursuant to an indenture supplemental hereto, a Board Resolution or an Officer’s Certificate delivered pursuant to Section 3.1, and (b) pursuant to the terms set forth in such supplemental indenture, Board Resolution or Officer’s Certificate, made subject to the provisions of Article Thirteen.

  • Defeasance Event shall have the meaning set forth in Section 2.5.1(a) hereof.

  • Defeasance Obligations means any of the following obligations:

  • Defeasance Loan Those Mortgage Loans which provide the related Mortgagor with the option to defease the related Mortgaged Property.

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

  • Defeasance Collateral means: (i) a Xxxxxxx Mac Debt Security, (ii) a Xxxxxx Mae Debt Security, (iii) U.S. Treasury Obligations, or (iv) FHLB Obligations.

  • Defeasance Agent means another financial institution which is eligible to act as Trustee hereunder and which assumes all of the obligations of the Trustee necessary to enable the Trustee to act hereunder. In the event such a Defeasance Agent is appointed pursuant to this Section, the following conditions shall apply:

  • Defeasance Deposit means an amount equal to the remaining principal amount of the Note, the Defeasance Payment Amount, any costs and expenses incurred or to be incurred in the purchase of U.S. Obligations necessary to meet the Scheduled Defeasance Payments and any revenue, documentary stamp or intangible taxes or any other tax or charge due in connection with the transfer of the Note or otherwise required to accomplish the agreements of Sections 2.4 and 2.5 hereof (including, without limitation, any fees and expenses of accountants, attorneys and the Rating Agencies incurred in connection therewith).

  • Defeasible Series has the meaning specified in Section 13.01.

  • trust money means money held in trust on behalf of third parties in a trust contemplated in terms of section 12 of the Act.

  • Liquidation Call Right has the meaning ascribed thereto in the Plan of Arrangement.

  • Automatic Exercise Applicable; and means that for each Expiration Date, a number of Warrants equal to the Daily Number of Warrants for such Expiration Date will be deemed to be automatically exercised at the Expiration Time on such Expiration Date.

  • Sinking Fund means each Sinking Fund Subaccount under the Indenture. To the extent necessary for compliance with the Authority’s tax covenants and other provisions of the Indenture and the Act, the Authorized Officers of the Authority may subdivide each such subaccount in respect of separate categories or issues of Sinking Fund Bonds.

  • Cash Exercise with respect to Warrant Shares; and/or

  • Option Price means the price at which a Share may be purchased by a Participant pursuant to an Option.

  • Redemption Call Right has the meaning ascribed thereto in the Plan of Arrangement.