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

Defeasance Agent shall have the meaning given to such term in Section 11.05(c).

Examples of Defeasance Agent in a sentence

The Defeasance Agent shall provide verification to the Trustee acknowledging receipt of sufficient money and/or U.S. Government Obligations to meet the applicable conditions set forth in this Section 11.05.
The Company agrees to reimburse the Trustee or any Defeasance Agent for any costs or expenses thereafter reasonably and properly incurred and to compensate the Trustee or any Defeasance Agent for any services thereafter reasonably and properly rendered by the Trustee or any Defeasance Agent, respectively, in connection with this Indenture or the Debentures of such series.
The Defeasance Agent shall provide verification to the Trustee acknowledging receipt of sufficient money and/or U.
Upon any such notice of resignation or removal, the Representatives jointly shall appoint a successor Defeasance Agent hereunder, which shall be a commercial bank, trust company or other financial institution with a combined capital and surplus in excess of $10,000,000.
In the event, for any reason that it becomes necessary to reinvest any Defeasance Funds, Defeasance Agent shall do so as the Representatives jointly shall direct; provided, however, that no investment or reinvestment may be made except in Government Securities, in accordance with the terms of the Note Purchase Agreement.

More Definitions of Defeasance Agent

Defeasance Agent shall have the meaning set forth in Section 11.05.

Defeasance Agent. The term "Defeasance Agent" shall mean the Person, if any, selected by the Company and approved by the Trustee to receive the payments of money and any Governmental Obligations as provided in Section 11.01.

Defeasance Agent shall have the meaning assigned to such term in Section 11.05 hereof.

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 Section 11.05 of this Indenture, the following conditions shall apply:

Defeasance Agent means another financial institution which is eligible to act as Debenture Trustee hereunder and which assumes all of the

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

Defeasance Agent. Issuer: FIRST UNION NATIONAL BANK Mohegan Tribal Gaming Authority An instrumentality of the Nation By:________________________ By:_______________________ The undersigned acknowledge that the Authority has entered into the foregoing and confirms the principal amounts of the Notes held by each. Amount: 15% Notes CG Notes Sun International Hotels $ 850,000 $ 7,000,000 19,150,000 15,000,000 $20,000,000 10,000,000 5,000,000 8,000,000 $ 45,000,000 SUN INTERNATIONAL HOTELS LIMITED A Bahaminan Corporation By:_____________________________ Name: Title: Amount: 15% Notes CG Notes $ 850,000 2,500,000 19,150,000 2,500,000 $ 20,000,000 $5,000,000 WATERFORD GAMING LLC A Delaware limited liability company By:__________________________________ Name: Title: SCHEDULE 1 INVESTMENT OF DEFEASANCE FUNDS