Defeasance Date definition

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

Defeasance Date means the 2nd anniversary of the “startup date” of the last REMIC within the meaning of Section 860G(a)(9) of the Tax Code which holds all or any portion of the Loan.

Defeasance Date has the meaning set forth in Section 2.7.

Examples of Defeasance Date in a sentence

• The Defeasance Date may not be more than 60 calendar days, nor less than 30 calendar days, after the delivery of the Defeasance Notice.

• If the Issuer designates a Fund Defeasance Event, it will declare a Defeasance Date.

• If the Issuer determines that one or more Fund Defeasance Events have occurred, it may, but is not obliged to, declare a Defeasance Date.

• Following the declaration of an Early Defeasance Date, the Issuer may redeem the Notes at the scheduled maturity by payment of the Unscheduled Termination Amount instead of the Upside Participation Amount, any of which determinations may have an adverse effect on the value of the Notes.

• If the Calculation Agent determines that one or more Fund Defeasance Events have occurred, it may, but is not obliged to, declare an Early Defeasance Date for which the Calculation Agent will calculate the Unscheduled Termination Amount payable on the Maturity Date in place of the Upside Participation Amount.

More Definitions of Defeasance Date

Defeasance Date means either the Total Defeasance Date or the Partial Defeasance Date, as applicable.

Defeasance Date shall have the meaning ascribed to it in Section 2.11(a).

Defeasance Date shall have the meaning set forth in Section 2.3.3. hereof.

Defeasance Date means the date upon which the Defeasance is completed.

Defeasance Date shall have the meaning set fort in SECTION 2.5.1(A)(I).

Defeasance Date is the date on which a Trigger Initiated Defeasance Event or Market Initiated Defeasance Event occurs.

Defeasance Date shall have the meaning set forth in Section 2.3.3.