Common use of Application of Release Price Clause in Contracts

Application of Release Price. (i) The Release Price for the Release Mortgaged Property shall be applied against the Outstanding Loans in the applicable Collateral Pool Borrower’s discretion, provided that (A) any Outstanding Loan which Borrower elects to prepay must be prepaid in full, or if the Release Price is not sufficient to do so, must be the only Loan partially prepaid; (B) any prepayment of such Loan is permitted (for example, not subject to a lock out period) under the applicable Note, (C) any prepayment premium due and owing is paid, and (D) interest must be paid through the end of the month.

Application of Release Price. (i) The Release Price for the Release Mortgaged Property shall be applied against the Outstanding Loans Advances in the applicable Collateral Pool order selected by Borrower’s discretion, provided that (A) any Outstanding Loan Advance which Borrower elects to prepay must be the only Advance partially prepaid or must be prepaid in fullfull or, or if the Release Price is not sufficient to do so, must be the only Loan Advance partially prepaid; (B) any such prepayment of such Loan is permitted (for example, not subject to a lock out period) under the applicable Note, ; (C) any prepayment premium due and owing is paid, ; and (D) interest must be paid through the end of the month.

Application of Release Price. (i) The Release Price for the Release Mortgaged Property shall be applied against the Outstanding Loans in the applicable Collateral Pool Borrower’s discretion, provided that (A) any Outstanding Loan which Borrower elects to prepay must be prepaid in full, or if the Release Price is not sufficient to do so, must be the only Loan partially prepaid; (B) any prepayment of such Loan Fixed Loans is permitted (for example, not subject to a lock out period) under the applicable Fixed Loan Note, (C) any prepayment premium due and owing is paid, and (D) interest must be paid through the end of the month.