Defeasance Security Agreement shall have the meaning set forth in Section 2.4(b)(i)(D)(2) hereof.

Defeasance Security Agreement means a security agreement in form and substance that would be reasonably satisfactory to a prudent lender pursuant to which Borrower grants Lender a perfected, first priority security interest in the Defeasance Collateral Account and the Defeasance Collateral.

Defeasance Security Agreement has the meaning set forth in Section ----------------------------- 2.3(a)(iv)(A).

Examples of Defeasance Security Agreement in a sentence

Such successor entity shall execute an assumption agreement in form and substance satisfactory to Payee in its sole discretion pursuant to which it shall assume Maker's obligations under this Note and the Defeasance Security Agreement.
Borrower, pursuant to the Defeasance Security Agreement, shall authorize and direct that the payments received from Defeasance Collateral be made directly to Lender and applied to satisfy the Obligations, including payment in full of the Outstanding Principal Balance as of the Stated Maturity Date.
Upon such assumption, Maker shall be relieved of its obligations hereunder, under the other Loan Documents other than as specified in Section 1.7(d)(i)(C)(7) above and under the Defeasance Security Agreement.
Such successor entity shall execute an assumption agreement in form and substance satisfactory to Lender in its sole discretion pursuant to which it shall assume Borrower’s Obligations and the Defeasance Security Agreement.
Upon such assumption, Borrower shall be relieved of its Obligations hereunder, under the other Loan Documents and under the Defeasance Security Agreement other than those Obligations which are specifically intended to survive the termination, satisfaction or assignment of this Agreement or the exercise of Lender’s rights and remedies hereunder.

More Definitions of Defeasance Security Agreement

Defeasance Security Agreement shall have the meaning set forth in Section 9.1(a)(ii).

Defeasance Security Agreement. 2.4.2(a)(iii) “Disclosure Document” - 9.2(a) “Easements” - 3.1.11 “EEA Financial Institution” – 10.26 “EEA Member Country” – 10.26 “EEA Resolution Authority” – 10.26 “Embargoed Person” - 4.32(c) “Equipment” - Mortgage

Defeasance Security Agreement means, individually and/or collectively (as the context required), any pledge and security agreement in form and substance that would be satisfactory to a prudent lender pursuant to which Borrower grants Lender a perfected, first priority security interest in the Defeasance Collateral Account and the Total Defeasance Collateral or the Partial Defeasance Collateral, as applicable.

Defeasance Security Agreement has the meaning provided in Section 6.14(d).

Defeasance Security Agreement. Section 12.5(c)(1) “Deferred Maintenance” – Section 5.3

Defeasance Security Agreement. 2.4.2(a)(iii) “Disclosure Document” - 9.2(a) “Earnout Reserve Account” - 6.8.1

Defeasance Security Agreement is defined in Section 2.3(b)(v).