Examples of Defeased Note in a sentence

Notwithstanding anything in this Agreement to the contrary, no other assumption fee shall be payable upon a transfer of the Note or the Defeased Note (as applicable) in accordance with this Section 2.4.2, but Borrower shall pay all costs and expenses incurred by Lxxxxx, including Lxxxxx’s reasonable attorneys’ fees and expenses, actually incurred in connection therewith.
In connection with any Defeasance Event, Borrower shall establish or designate a successor entity (the “Successor Borrower”) which shall be a single purpose bankruptcy remote entity (meeting the requirements of Section 4.1.30 below, as applicable) with two (2) Independent Directors approved by Lxxxxx, and Borrower shall transfer and assign all obligations, rights and duties under and to the Note or the Defeased Note (as applicable) together with the pledged Defeasance Collateral to such Successor Borrower.
Such Successor Borrower shall assume the obligations under the Note or the Defeased Note (as applicable) and the Security Agreement and Borrower shall be relieved of its obligations under such documents and the other Loan Documents, except with respect to those obligations which are expressly stated to survive.
Borrower shall pay $1,000 to any such Successor Borrower as consideration for assuming the obligations under the Note or the Defeased Note (as applicable) and the Security Agreement.

More Definitions of Defeased Note

Defeased Note shall have the meaning set forth in Section 15.01 hereof.

Defeased Note shall have the meaning set forth in Section 2.4(g)(i)(D) hereof.

Defeased Note shall have the meaning set forth in Section ------------- 2.4.1(a)(v) hereof.

Defeased Note has the meaning set forth in Section 2.05(b)(v) of this Loan Agreement.

Defeased Note has the meaning assigned in Section 2.4(b)(v).

Defeased Note has the meaning set forth in Section 2.7(c)(iv).

Defeased Note shall have the meaning set forth in Section 2.5.2(a)(iv) hereof.