Defeasance Collateral Requirement

Defeasance Collateral Requirement. Shall mean with respect to the defeasance of the security interest in the Collateral (other than Defeasance Collateral) provided for pursuant to Section 13 ("Defeasance"), Defeasance Collateral in an amount sufficient to provide payment of all (A) principal indebtedness outstanding as of the date of Defeasance under the Notes as it becomes due through the date set forth in clause (i) of the definition of "Maturity Date" as defined in the Notes (and, notwithstanding any term to the contrary in... the Transaction Documents, calculated by assuming all the indebtedness outstanding as of the date of the Defeasance is due in full on such date) and (B) scheduled interest on the Notes as it becomes due through such date. View More