Common use of Defeasance Deposit Clause in Contracts

Defeasance Deposit. If a F▇▇▇▇▇ M▇▇ Investment Security will be the Substitute Collateral, then, on or before 3:00 p.m., Washington, D.C. time, on the Defeasance Closing Date, Borrower shall pay the Defeasance Deposit (reduced by the Defeasance Commitment Fee) to Lender to be used by Lender to purchase the F▇▇▇▇▇ Mae Investment Security as Borrower’s agent.

Defeasance Deposit. If a F▇▇▇▇▇▇ M▇▇ Mae ------------------ Investment Security will be the Substitute Collateral, then, on or before 3:00 p.m., Washington, D.C. time, on the Defeasance Closing Date, the Borrower shall pay the Defeasance Deposit (reduced by the Defeasance Commitment Fee) to Lender to be used by Lender to purchase the F▇▇▇▇▇▇ Mae ▇▇▇ Investment Security as the Borrower’s 's agent.

Defeasance Deposit. If a F▇▇▇Fann▇▇ M▇▇▇ Investment Security will be the Substitute Collateral, then, on or before 3:00 p.m., Washington, D.C. time, on the Defeasance Closing Date, Borrower shall pay the Defeasance Deposit (reduced by the Defeasance Commitment Fee) to Lender to be used by Lender to purchase the FFann▇▇ ▇▇▇ ▇▇▇▇▇ Mae Investment estment Security as Borrower’s 's agent.

Defeasance Deposit. If a F▇▇▇▇▇▇ M▇▇ Mae Investment Security will ------------------ be the Substitute Collateral, then, on or before 3:00 p.m., Washington, D.C. time, on the Defeasance Closing Date, Borrower shall pay the Defeasance Deposit (reduced by the Defeasance Commitment Fee) to Lender to be used by Lender to purchase the F▇▇▇▇▇▇ Mae ▇▇▇ Investment Security as Borrower’s 's agent.