Defeasance Amount definition

Defeasance Amount has the meaning specified in Section 1.2(b).

Defeasance Amount means, with respect to any Partial Defeasance, the sum of (i) the amount referred to in Section 8.05(iv)(A) with respect to such Partial Defeasance and (ii) any costs and expenses incurred or to be incurred in connection with the purchase of the U.S. Obligations described in Section 8.05(iv)(A) with respect to such Partial Defeasance (including any fees and expenses incurred in connection therewith by accountants, attorneys and any Rating Agency then providing a rating for any Bond).

Defeasance Amount means Eligible Investments or cash to be deposited in the Defeasance Account as contemplated by Section 5.B for the benefit of the holders of the Notes and the Equipment Notes being defeased, in an amount (taking into account interest and income to be earned on such Eligible Investments) and with maturities for Eligible Investments sufficient to defease 125% of the applicable (A) scheduled payments of principal and interest on the Notes being defeased from the date of defeasance to the tenth anniversary of the Closing Date of each such Note and the respective Site Specific Loan Amounts for such Notes that would exist on such date following application of such payments assuming all scheduled payments are paid as and when due, and (B) scheduled payments of principal and interest on the Equipment Notes being defeased from the date of defeasance to the seventh anniversary of the Closing Date of each such Equipment Note and the respective Site Specific Equipment Loan Amounts for such Equipment Notes that would exist on such date assuming all such scheduled payments are paid as and when due, with respect to those Sites and Equipment to be released from the lien of the applicable Deed(s) of Trust, Equipment Security Agreements and UCC-1 Financing Statements pursuant to Section 5.B.

Examples of Defeasance Amount in a sentence

• The Bond Trustee may, if the Defeasance Amount cannot be finally and conclusively determined, decide the amount to be deposited to the Defeasance Account in its discretion, applying such buffer amount as it deems necessary.

• The Bond Trustee may, if the Defeasance Amount cannot be finally and conclusively determined, decide the amount to be deposited to the Defeasance Account in its discretion, applying such buffer amount as it deems required.

• The Bond Trustee may, if the relevant Defeasance Amount cannot be finally and conclusively determined, decide the amount to be deposited to the Defeasance Account in its discretion, applying such buffer amount as it deems required.

• The Bond Trustee shall be authorised to apply any Defeasance Amount deposited on the Defeasance Account towards any amount payable by the Issuer under or pursuant to the Bond Terms on the relevant Payment Date until all obligations of the Issuer are repaid and discharged in full.

• Add the amounts computed pursuant to paragraphs 8 and 9 and subtract the amount computed pursuant to paragraph 10 (the "Defeasance Amount").

More Definitions of Defeasance Amount

Defeasance Amount means the aggregate amount of cash and/or United States Treasury obligations necessary to defease the Existing Deed of Trust in full as of the Closing Date in accordance with the terms and conditions of Section 7.06(b) of the Existing Deed of Trust and the terms and conditions of the GECAM Agreement. "First Permitted Prepayment Date" shall have the meaning set forth in the Existing Deed of Trust. "GECAM" means GE Capital Asset Management Corporation, in its capacity as master servicer of the Existing Loan. "GECAM Agreement" means that certain letter agreement, dated October 20, 1997, between the Owner Partnership and GECAM. "Loan Reserve" shall have the meaning set forth in the Existing Deed of Trust. "New Borrower" shall have the meaning and shall conform to the requirements contained in the GECAM Agreement. (b) The definition of "Existing Lender" is hereby amended to read in its entirety as follows: "Existing Lender" means CBA Conduit, Inc., and its successors and assigns. SECTION 2.

Defeasance Amount means an amount equal to the sum of:

Defeasance Amount means the aggregate amount necessary to defease the Debentures outstanding on the Closing Date in accordance with the terms of the Indenture;

Defeasance Amount is equal to such amount as shall satisfy the Rating Agency Condition with respect to the Certificates.

Defeasance Amount means the portion of the outstanding Principal amount of this Note equal to, initially zero (0) and upon each Letter of Credit Event Date, shall be increased to the sum of (i) the Holder’s Pro Rata Portion of the cash amount in the Collateral Account and (ii) Holder Letter of Credit Amount then outstanding.

Defeasance Amount means, with respect to any Partial Defeasance, the sum of (i) the amount referred to inSection 8.05(iv)(A) with respect to such Partial Defeasance and (ii) any costs and expenses incurred or to be incurred in connection with the purchase of the U.S. Obligations described in Section 8.05(iv)(A) with respect to such Partial Defeasance (including any fees and expenses incurred in connection therewith by accountants, attorneys and any Rating Agency then providing a rating for any Bond).

Defeasance Amount the amount required to defease the Bonds pursuant to Section 7.01 of the Trust Indenture under which the Bonds were issued.