We have been fortunate enough to work with this client on numerous defeasance transactions.
www.digitaljournal.com Commercial mortgages often contain lockout provisions after which they can be subject to defeasance, yield maintenance and prepayment penalties to protect bondholders.
en.wikipedia.org We have worked on multiple defeasance transactions for this broker team and have developed a great, dependable relationship.
www.digitaljournal.com Parties associated with a defeasance transaction typically include the servicer, servicer's counsel, borrower, borrower's counsel, securities broker, custodian, accountant, rating agencies, and the successor borrower.
www.digitaljournal.com If the condition upon which a future interest depends is precedent, the interest is contingent; if the condition is subsequent, the interest is vested, subject to defeasance.
en.wikipedia.org