Defeasance Event definition

Defeasance Event shall have the meaning set forth in Section 2.5.1(a).
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Defeasance Event shall have the meaning set forth in Section 2.5.1(a) hereof.
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Defeasance Event has the meaning assigned in Section 2.4(b).
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Examples of Defeasance Event in a sentence

  • In connection with a Defeasance Event under this Section 2.5, Borrower shall, if required by the Rating Agencies or if Borrower elects to do so, establish or designate a successor entity (the “Successor Borrower”) which shall be a single purpose bankruptcy remote entity and which shall be approved by the Rating Agencies.

  • In connection with a Defeasance Event under this Section 2.5, Borrower shall, if required by the Rating Agencies or if Borrower elects to do so, establish or designate a successor entity (the "SUCCESSOR BORROWER") which shall be a single purpose bankruptcy remote entity and which shall be approved by the Rating Agencies.

  • A Defeased Note cannot be the subject of any further Defeasance Event.

  • In connection with any Defeasance Event, Borrower shall establish a successor entity (the “Successor Borrower”), which shall be a Special Purpose Entity, which shall not own any other assets or have any other liabilities or operate other property (except in connection with other defeased loans held in the same securitized loan pool with the Loan).

  • In connection with a Defeasance Event under this Section 2.3.3, Borrower shall, if required by the Rating Agencies or if Borrower elects to do so, establish or designate a successor entity (the “Successor Borrower”) which shall be a Special Purpose Bankruptcy Remote Entity and which shall be approved by the Rating Agencies.


More Definitions of Defeasance Event

Defeasance Event means the Total Defeasance Event or the Partial Defeasance Event, as the context may require.
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Defeasance Event shall the Total Defeasance Event or the Partial Defeasance Event as the context may require.
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Defeasance Event means either a Total Defeasance Event or a Partial Defeasance Event, as applicable.
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Defeasance Event means a Total Defeasance Event or a Partial Defeasance Event, as applicable.
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Defeasance Event shall have the meaning set forth in SECTION 2.3.2(a).
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Defeasance Event. As defined in the Mortgage Loan Agreement
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Defeasance Event. 2.3.3 “Defeasance Date” - 2.3.3 “Deposit Account” - 3.1 “Deposit Account Agreement” - 1.1 (Definition of Loan Documents) “Disclosure Document” - 9.1.2 “DSCR Cash Management Period” - 1.1 (Definition of Cash Management Period) “Easements” - 4.14 “Eligible Account” - Deposit Account Agreement “Endorsement” - 5.26 “Environmental Laws” - 4.21 “Equipment” - Mortgage “Event of Default” - 8.1 “Exchange Act” - 9.
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