Notice of Defeasance Clause Samples
Notice of Defeasance. The Escrow Agent is hereby irrevocably instructed by the School Board to, as soon as practicable after the issuance of the Series 2016A Certificates, but in any event within 30 days after such date, cause to be mailed to the registered owners of Refunded Certificates in accordance with the provisions of Article III of the Master Lease Agreement notice of the defeasance of the Refunded Certificates; provided that in accordance with Section 801.2(c) such notice is not required for Refunded Certificates to be prepaid within 60 days of the date of delivery of the Series 2016A Certificates.
Notice of Defeasance. The City hereby instructs the Escrow Bank to provide notice of defeasance of the Bonds within 10 days of the deposit of funds into the Escrow Fund substantially in the form attached hereto as Exhibit C.
Notice of Defeasance. (a) On the Closing Date, the 1997 Trustee shall send the notice of intended defeasance substantially in the form attached to this Agreement as Exhibit D by electronic transmission in the format prescribed by the Municipal Securities Rulemaking Board (“MRSB”) to be posted to the MSRB’s EMMA system at the address as shown in Exhibit F.
(b) On the date such notice of defeasance is given, the 1997 Trustee shall also send such notice to DTC in accordance with the Letter of Representations.
(c) Notices given pursuant to this Section will be at the Authority’s expense.
Notice of Defeasance. If moneys or Qualified Investments are deposited with and held by the Fiscal Agent as hereinabove provided, the Fiscal Agent shall within thirty (30) days after such moneys or Qualified Investments shall have been deposited with it, mail a notice, first class postage prepaid, to the Owners of the Certificates that have been defeased at the addresses listed on the registration books kept by the Fiscal Agent pursuant to Section 2.04 hereof, setting forth (a) the date or dates fixed for payment or prepayment of the Certificates, (b) a description of the moneys or Qualified Investments so held by it, and (c) that such Certificates have been defeased and are no longer deemed to be Outstanding hereunder, and/or that this Trust Agreement has been released and discharged in accordance with the provisions of this Section.
Notice of Defeasance. If moneys or Defeasance Securities are deposited with and held by the Paying Agent, an escrow agent or other fiduciary as hereinabove provided, the Paying Agent shall within thirty (30) days after such money and Defeasance Securities shall have been deposited with it mail a notice prepared by the District, first class postage prepaid, to the Owners at the addresses listed on the registration books kept by the Paying Agent pursuant to Section 2.5 (Registration, Transfer, and Exchange), (a) setting forth the maturity or date fixed for prepayment, as the case may be, of the Bonds, (b) giving a description of the Defeasance Securities, if any, so held by it, and (c) stating that this Paying Agent Agreement has been released in accordance with the provisions of this Section.
Notice of Defeasance. The 1999 Trustee is hereby instructed to mail and file a notice of defeasance for the Defeased 1999 Bonds with the Municipal Securities Rulemaking Board’s EMMA System, in substantially the form set forth on Schedule D hereto and made a part hereof, to the recipients set forth in, and otherwise pursuant to the requirements of, the 1999 Trust Agreement within two Business Days of the Closing Date. The sole remedy for failure to post such notice on the EMMA system as described in this Section 6 shall be an action by the holders of the Defeased 1999 Bonds in mandamus for specific performance or similar remedy to compel performance.
Notice of Defeasance. The Escrow Agent (is hereby instructed to immediately send the notice of defeasance (substantially in the form attached hereto as Exhibit A), as required by the Refunded Indenture.
Notice of Defeasance. The Issuer must provide written notice to the Commissioner of Internal Revenue of the establishment of a defeasance escrow within 90 days of the date the escrow is established.
Notice of Defeasance. (a) If moneys or Defeasance Obligations have been deposited with the Trustee pursuant to Section 9.02 for payment of less than all Bonds of a Series and maturity, the Bonds of such Series and maturity to be so paid from such deposit shall be selected by the Trustee by lot by such method as shall provide for the selection of portions (in Authorized Denominations) of the principal of Bonds of such Series and maturity of a denomination larger than the smallest Authorized Denomination. Such selection shall be made within [7] days after the moneys or Defeasance Obligations have been deposited with the Trustee. This selection process shall be in lieu of the selection process otherwise provided with respect to redemption of Bonds in Article
Notice of Defeasance. The Escrow Agent, in its role as paying agent for the Defeased Bonds, is hereby authorized and directed to (i) give notice of the defeasance of the Defeased Bonds to the holders thereof according to the provisions of the 2018 Bond Resolution, and (ii) to file notice of defeasance of the Defeased Bonds with the Municipal Securities Rulemaking Board through its Electronic Municipal Market Access system (EMMA), or such other nationally recognized municipal securities information repository recognized by the Securities and Exchange Commission from time to time, in substantially the form attached hereto as Attachment 5.