Common use of Partial Defeasance Clause in Contracts

Partial Defeasance. Borrower shall, as a condition to and only in connection with a Partial Release of a Partial Release Property after the First Open Defeasance Date and prior to the First Open Prepayment Date as provided in Section 2.17 below, have the right to defease a portion of the Loan (a “Partial Defeasance”) upon satisfaction of the following conditions:

Partial Defeasance. Borrower shall, as a condition to and only in connection with a Partial Release of a Partial Release an Individual Property after the First Open Defeasance Release Date and prior to the First Open Prepayment Payment Date as provided in Section 2.17 2.10 below, have the right to defease a portion of the Loan (a “Partial Defeasance”) equal to the Partial Defeasance Amount for such Individual Property (determined as provided in Section 2.10 with respect to such Partial Release) upon satisfaction of the following conditions:

Partial Defeasance. Borrower shall, as a condition to and only in connection with a Partial Release of a Partial Release Property after the First Open Defeasance Date and prior to the First Open Prepayment Date as provided in accordance with this Section 2.17 below2.18, have the right to defease a portion of the Fixed Rate Component of the Loan in connection with the release of an individual Mortgaged Property (a “Partial Defeasance”) upon satisfaction of the following conditions: