Total Defeasance Date definition

Total Defeasance Date shall have the meaning set forth in Section 2.8 hereof.
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Total Defeasance Date has the meaning set forth in Section 2.7(a)(i).
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Total Defeasance Date shall have the meaning set forth in Section 2.5.1(a)(i).
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Examples of Total Defeasance Date in a sentence

  • The conference is an informal proceeding in which the grievant confers with the designated facilitator and a representative from the academic unit from which the grievant seeks relief.

  • 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 the release of the lien, Maker shall submit to Payee, not less than ten (10) days prior to the Total Defeasance Date, a release of lien for the Mortgage and related Loan Documents (including any guaranty) for execution by Payee.

  • Maker shall provide not less than thirty (30) days prior written notice to Payee, specifying the date on which the Total Defeasance is to occur (the "Total Defeasance Date").


More Definitions of Total Defeasance Date

Total Defeasance Date shall have the meaning set forth in Section 2.8 hereof. “Total Defeasance Event” shall have the meaning set forth in Section 2.8 hereof. “Trigger Level” shall mean $8,454,041.00.
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Total Defeasance Date shall have the meaning set forth in Section 2.5.1(a) hereof. "Total Defeasance Event" shall have the meaning set forth in Section 2.5.1(a) hereof. "Trustee" shall mean any trustee holding the Loan in a Securitization. "UCC" or "Uniform Commercial Code" shall mean the Uniform Commercial Code as in effect in the State. "Underwriter Group" shall have the meaning set forth in Section 9 .2(b) hereof. "Underwritten NOI" shall mean Underwritten Operating Income less Underwritten Operating Expenses. Lender's calculation of Underwritten NOI (including determination of items that do, and do not, qualify as Operating Income or Operating Expenses) shall be calculated by Lender in good faith based upon Lender's determination of Rating Agency criteria and shall be final absent manifest error. "Underwritten Operating Expenses" shall mean projected annualized Operating Expenses based on a trailing twelve (12) month period adjusted upwards (but not downwards) by CPI and anticipated increases in Operating Expenses. Lender's calculation of Underwritten Operating Expenses shall be conclusive and binding on Borrower absent manifest error. "Underwritten Operating Income" shall mean projected annualized Operating Income based on the most recent rent roll and such other information as is required to be delivered by Borrower pursuant to Section 4.1.6 hereof excluding rent relating to tenants under Leases (pursuant to the most recent rent roll) which is more than thirty (30) days delinquent as reasonably adjusted by Lender to take into account, a vacancy factor equal to the greater of (a) an imputed vacancy rate of 5%, (b) market vacancies for the market in which the Property is located, and (c) the actual vacancy rate at the Property. Lender's calculation of Underwritten Operating Income shall be conclusive and binding on Borrower absent manifest error. "Unfunded Rollover Funds" shall have the meaning set forth in Section 6.7.1 hereof. "Updated Information" shall have the meaning set forth in Section 9.1(b)(i) hereof. "U.S. Obligations" shall mean "government securities" as defined in Section 2(a)(16) of the Investment Company Act of 1940 and within the meaning of Treasury Regulation Section DMEAST #17478116 v7 17
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Total Defeasance Date shall have the meaning set forth in Section 2.8 hereof. LOAN AGREEMENT – Page 27 41458-112/Patuxent Crossing (MD) and Coliseum Marketplace (VA)
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Related to Total Defeasance Date

  • 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.

  • Covenant Defeasance has the meaning specified in Section 1303.

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

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Consolidated Senior Secured Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Senior Secured Indebtedness on such date to (b) the sum, without duplication, of (i) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date plus (ii) the amount of Specified Non-Recurring Charges taken during the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.