Common use of Mortgage Release Clause in Contracts

Mortgage Release. Within five (5) Business Days after the Final Valuation is available, the Company may, by giving a written notice to the Investor, request the Investor to cause the mortgage in respect to a portion of the Mortgaged Properties to be released, such that the valuation of the remaining mortgaged portion of the Mortgaged Properties (the “Remaining Mortgaged Properties”) is at least twice of the Outstanding Principal based on the Final Valuation;