Partial Defeasance definition

Partial Defeasance has the meaning set forth in Section 2.7.

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Partial Defeasance has the meaning set forth in Section 10.3.

Partial Defeasance and “Partial Defeasance Date” have the respective meanings set forth in Section 2.7(b).

Examples of Partial Defeasance in a sentence

If the foregoing condition would not be satisfied by defeasance of the Partial Defeasance Amount indicated in subparagraph (e) below, Borrower may by written notice to Lender given not less than ten (10) days prior to the Partial Defeasance increase the Partial Defeasance Amount to an amount which would result in the foregoing condition being satisfied upon completion of the Partial Defeasance of such larger Partial Defeasance Amount.
No Partial Defeasance, nor any increase in any Partial Defeasance Amount under this paragraph (b) or paragraphs (c) below, shall affect the allocated loan amounts for the remaining Mortgaged Property as set forth on Schedule 2.17.
Borrower or Successor Borrower, as applicable, shall be the owner of the Defeasance Collateral Account and shall report all income accrued on Total Defeasance Collateral or Partial Defeasance Collateral for federal, state and local income tax purposes in its income tax return.
The Defeasance Collateral Account shall contain only (a) Total Defeasance Collateral or the applicable Partial Defeasance Collateral, and (b) cash from interest and principal paid on the Total Defeasance Collateral or the applicable Partial Defeasance Collateral.
Borrower shall cause the Eligible Institution at which the Total Defeasance Collateral or Partial Defeasance Collateral is deposited to enter into an agreement with Borrower or Successor Borrower, as applicable, and Lender, satisfactory to Lender in its reasonable discretion, pursuant to which such Eligible Institution shall agree to hold and distribute the Total Defeasance Collateral or Partial Defeasance Collateral in accordance with this Agreement.

More Definitions of Partial Defeasance

Partial Defeasance means any defeasance of any Membership Interest pursuant to Section 8.04. “Partial Early Amortization Period” means each period:

Partial Defeasance. 2.3.3 “Permitted Investments” — Deposit Account Agreement “Policies” — 7.1.2 “Principal” — 2.1 “Proceeds” — 7.2.2 “Provided Information” — 9.1 “Registration Statement” — 9.1.3 “Remedial Work” — 5.7.2 “Rent Roll” — 4.15 “Required Repairs Subaccount” — 3.2.2 “Required Records” — 6.3.6 “Required Repairs” — 3.2.1 “Required Repairs Subaccount” — 3.2.2 “Restoration” — 7.4.1 “Rollover Reserve Subaccount” — 3.5 “Scheduled Defeasance Payments” — 2.3.3 “Secondary Market Transaction” — 9.1 “Securities” — 9.1.1 “Security Agreement” — 2.3.3 “Security Deposit Account” — 3.8 “Security Deposit Subaccount” — 3.8 “Significant Casualty” — 7.2.2 “Single Member Bankruptcy Remote LLC” – Schedule 4 “Sole Member” – Schedule 4 “Special Member” – Schedule 4 “Special Purpose Bankruptcy Remote Entity” – Schedule 4 “Special Transfer” — 5.16 “Springing Recourse Event” – 10.1 “Subaccounts” — 3.1 “Successor Borrower” — 2.3.3 “Successor Guarantor” – 5.16 “Tax and Insurance Subaccount” — 3.3 “Undefeased Note” — 2.3.3

Partial Defeasance means any defeasance of any Membership Interest pursuant to Section 8.04.

Partial Defeasance shall have the meaning ascribed to such term in Section 10.03(c) of the Loan Agreement.

Partial Defeasance. 2.3.3(a) “Policies” – 7.1.2 “Principal” – 2.1 “Proceeds” – 7.2.2

Partial Defeasance. 2.3.3 "Permitted Indebtedness" - 5.22 "Permitted Investments" - Deposit Account Agreement "Permitted Prepayment Date" - 2.3.4 "Policies" - 7.1.2 "Principal" - 2.1 "Proceeds" - 7.2.2 "Proposed Material Lease" - 5.

Partial Defeasance means a Defeasance of one or more (but less than all) Individual Properties.

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