Total Defeasance Date definition

Total Defeasance Date shall have the meaning set forth in Section 2.8 hereof.
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Total Defeasance Date has the meaning set forth in Section 2.7(a)(i).
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Total Defeasance Date shall have the meaning set forth in Section 2.5.1(a)(i).
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Examples of Total Defeasance Date in a sentence

  • In connection with such release of the Lien, Borrower shall submit to Lender, not less than ten (10) Business Days prior to the Total Defeasance Date, a release of Lien (and related Loan Documents) for execution by Lender.

  • In connection with the release of the lien, Borrower shall submit to Lender, not less than thirty (30) days prior to the Total Defeasance Date (or such shorter time as is acceptable to Lender in its sole discretion), a release of lien (and related Loan Documents) for execution by Lender.

  • Maker shall provide not less than thirty (30) days prior written notice to Payee, specifying the date on which the Total Defeasance is to occur (the "Total Defeasance Date").

  • In connection with the release of the lien, Maker shall submit to Payee, not less than ten (10) days prior to the Total Defeasance Date, a release of lien for the Mortgage and related Loan Documents (including any guaranty) for execution by Payee.


More Definitions of Total Defeasance Date

Total Defeasance Date shall have the meaning set forth in Section 2.8 hereof. LOAN AGREEMENT – Page 27 41458-112/Patuxent Crossing (MD) and Coliseum Marketplace (VA)
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Total Defeasance Date shall have the meaning set forth in Section 2.5.1(a) hereof. "Total Defeasance Event" shall have the meaning set forth in Section 2.5.1(a) hereof. "Trustee" shall mean any trustee holding the Loan in a Securitization. "UCC" or "Uniform Commercial Code" shall mean the Uniform Commercial Code as in effect in the State. "Underwriter Group" shall have the meaning set forth in Section 9 .2(b) hereof. "Underwritten NOI" shall mean Underwritten Operating Income less Underwritten Operating Expenses. Lender's calculation of Underwritten NOI (including determination of items that do, and do not, qualify as Operating Income or Operating Expenses) shall be calculated by Lender in good faith based upon Lender's determination of Rating Agency criteria and shall be final absent manifest error. "Underwritten Operating Expenses" shall mean projected annualized Operating Expenses based on a trailing twelve (12) month period adjusted upwards (but not downwards) by CPI and anticipated increases in Operating Expenses. Lender's calculation of Underwritten Operating Expenses shall be conclusive and binding on Borrower absent manifest error. "Underwritten Operating Income" shall mean projected annualized Operating Income based on the most recent rent roll and such other information as is required to be delivered by Borrower pursuant to Section 4.1.6 hereof excluding rent relating to tenants under Leases (pursuant to the most recent rent roll) which is more than thirty (30) days delinquent as reasonably adjusted by Lender to take into account, a vacancy factor equal to the greater of (a) an imputed vacancy rate of 5%, (b) market vacancies for the market in which the Property is located, and (c) the actual vacancy rate at the Property. Lender's calculation of Underwritten Operating Income shall be conclusive and binding on Borrower absent manifest error. "Unfunded Rollover Funds" shall have the meaning set forth in Section 6.7.1 hereof. "Updated Information" shall have the meaning set forth in Section 9.1(b)(i) hereof. "U.S. Obligations" shall mean "government securities" as defined in Section 2(a)(16) of the Investment Company Act of 1940 and within the meaning of Treasury Regulation Section DMEAST #17478116 v7 17
Sample 1
Total Defeasance Date shall have the meaning set forth in Section 2.8 hereof. “Total Defeasance Event” shall have the meaning set forth in Section 2.8 hereof. “Trigger Level” shall mean $8,454,041.00.
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Related to Total Defeasance Date

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

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

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