"The original defeasance scheme does not correspond any more to the perception we have of the future trend of the property market, " he said.
12.
The defeasance structure, which bought Gan's assets with a loan from Gan's insurance companies, will sell all its assets by the end of the year.
13.
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.
14.
The company was established in 2013 by CEO, Robert Finley, from an investment by Commercial Defeasance and Summit Partners, and has $ 15 billion of assets under management.
15.
"Credit Lyonnais has basically hit a low point, linked to the financing of its defeasance structure CDR, but it is about to rebound, " said Loiseau.
16.
It is a valid interpretive rule, and it was reasonable for the Secretary to follow that policy here to deny respondent's claim for full reimbursement of its defeasance loss in 1985.
17.
MGM will use these funds, along with bank financing, to move about $ 473 million of high-yield first mortgage notes off its balance sheet through a process known as defeasance.
18.
The etymology of " defeasible " usually refers to Middle English law of contracts, where a condition of defeasance is a clause that can invalidate or annul a contract or deed.
19.
Most notably, the bank set aside 131 billion francs ( dlrs 26.5 billion ) of mainly troubled assets into a defeasance company which must be sold off during the next 20 years.
20.
UIC, a property financing unit that been a serious problem for Gan, and the defeasance structure that harbors most of GAN's dubious assets, must be sold by the end of 1998.
