Examples of Defease in a sentence
Defease: To set aside sufficient money to retire outstanding debt.
First Reading of Ordinance No. 057, 2018, Appropriating Funds from the Light and Power Fund to Defease the City of Fort Collins, Colorado, Electric Utility Enterprise Taxable Revenue Bonds Series 2010B.The purpose of this item is to appropriate (1) bond proceeds for the construction of a municipal broadband system and (2) Light & Power reserves for the defeasance of outstanding debt.
Lien on Cash Deposited to Defease (a) $58,300,000 aggregate face amount principal amount of Showboat's First Mortgage Bonds due 2008, and (b) the $2,400,000 aggregate outstanding principal amount of Showboat's Senior Subordinated Notes due 2009.
Subject to compliance with this Article, the Company or the Guarantor may Defease any Securities pursuant to this Section notwithstanding the prior Covenant Defeasance of such Securities pursuant to Section 1303.
Financing• Execute financing that results in overall lowest Project costs in consideration of the governance structure developed and risk transfer achieved;• Defease capital lease obligations associated with existing assets, and finance potential new/renovated beds in a manner where the capital raise is not included on the BOR’s balance sheet.The entire portfolio of institutions included in the RFP is expected to enter into a P3 transaction with the selected concessionaire.