Defeasance Payment Amount definition

Defeasance Payment Amount means the amount which, when added to the remaining principal amount of the Note, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments.
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Defeasance Payment Amount means the amount which, when added to the remaining principal amount of the Note, will be sufficient to purchaseU.S. Obligations providing the required Scheduled Defeasance Payments.
Sample 1
Defeasance Payment Amount means, for purposes of the Mortgage Loan Documents, the amount which, when added to the remaining principal amount of the Note, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments.
Sample 1

More Definitions of Defeasance Payment Amount

Defeasance Payment Amount means the amount (if any) which, when added to the remaining aggregate outstanding principal amount of the Term Loans, will be sufficient to purchase U.S. treasury securities providing the required Scheduled Defeasance Payments.
Sample 1

Related to Defeasance Payment Amount

  • Scheduled Defeasance Payments shall have the meaning set forth in Section 2.5.1(b) hereof.

  • Defeasance Deposit means an amount equal to the remaining principal amount of the Note, the Defeasance Payment Amount, any costs and expenses incurred or to be incurred in the purchase of U.S. Obligations necessary to meet the Scheduled Defeasance Payments and any revenue, documentary stamp or intangible taxes or any other tax or charge due in connection with the transfer of the Note or otherwise required to accomplish the agreements of Sections 2.4 and 2.5 hereof (including, without limitation, any fees and expenses of accountants, attorneys and the Rating Agencies incurred in connection therewith).

  • Defeasance Date shall have the meaning set forth in Section 2.5.1(a)(i) hereof.

  • Defeasance Event shall have the meaning set forth in Section 2.5.1(a) hereof.

  • Defeasance Obligations means any of the following obligations:

  • Defeasance Collateral means: (i) a Xxxxxxx Mac Debt Security, (ii) a Xxxxxx Mae Debt Security, (iii) U.S. Treasury Obligations, or (iv) FHLB Obligations.