Common use of Defeasance Collateral Clause in Contracts

Defeasance Collateral. U.S. Obligations, which provide payments (i) on or prior to, but as close as possible to, all Payment Dates and other scheduled payment dates, if any, under the Note after the Defeasance Date and up to and including the Stated Maturity Date, and (ii) in amounts equal to or greater than the Scheduled Defeasance Payments.

Appears in 6 contracts

Samples: Loan Agreement (Hines Global REIT, Inc.), Loan Agreement (Hines Global REIT, Inc.), Loan Agreement (KBS Real Estate Investment Trust, Inc.)

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Defeasance Collateral. U.S. Obligations, which provide payments (i) on or prior to, but as close as possible to, all Payment Dates and other scheduled payment dates, if any, under the Note after the Defeasance Date and up to and including the Stated Defeasance Maturity Date, and (ii) in amounts equal to or greater than the Scheduled Defeasance Payments.

Appears in 3 contracts

Samples: Loan Agreement (Behringer Harvard Reit I Inc), Loan Agreement (Behringer Harvard Reit I Inc), Loan Agreement (Behringer Harvard Reit I Inc)

Defeasance Collateral. U.S. Obligations, which provide payments (i) on or prior to, but as close as possible to, all Payment Dates and other scheduled payment dates, if any, under the Fixed Rate Note after the Defeasance Date and up to and including the Stated Maturity Date, and (ii) in amounts equal to or greater than the Scheduled Defeasance Payments.

Appears in 1 contract

Samples: Loan Agreement (Thomas Properties Group Inc)

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Defeasance Collateral. U.S. Obligations, which provide payments (i) on or prior to, but as close as possible to, all Payment Dates and other scheduled payment dates, if any, under the Note after the Defeasance Date and up to and including the Stated Maturity Permitted Prepayment Date, and (ii) in amounts equal to or greater than the Scheduled Defeasance Payments.

Appears in 1 contract

Samples: Loan Agreement (Thomas Properties Group Inc)

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