Defeasance definition

Defeasance has the meaning specified in Section 1302.
Defeasance has the meaning specified in Section 13.2.
Defeasance has the meaning specified in Section 4.02.

Examples of Defeasance in a sentence

  • Anything in this Article to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon Company Request any money or U.S. Government Obligations held by it as provided in Section 13.04 with respect to any Securities which are in excess of the amount thereof which would then be required to be deposited to effect the Defeasance or Covenant Defeasance, as the case may be, with respect to such Securities.


More Definitions of Defeasance

Defeasance is defined in Section 11.12.
Defeasance has the meaning set forth in Section 11.02 hereof.
Defeasance means the setting aside in escrow or other special fund or account of sufficient investments and money dedicated to pay all principal of and interest on all or a portion of an obligation as it comes due.
Defeasance shall have the meaning set forth in Section 10.4.
Defeasance shall have the meaning specified in subsection 12.04(a).
Defeasance has the meaning specified in Section 6.1 hereof.
Defeasance has the meaning specified in Section 402.