PARTIAL RELEASE OF PROPERTIES Sample Clauses

PARTIAL RELEASE OF PROPERTIES. Borrower shall have the right to obtain releases of individual Properties from the lien of the Mortgages and the other Loan Documents (and to obtain a release of any Ordinary Capital Expenditure Funds, Capital Improvement Funds, Tax Funds and Insurance Premium Funds held in connection therewith) upon the following terms and conditions:
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PARTIAL RELEASE OF PROPERTIES. 68 Section 13.1. Partial Release of Properties....................................68
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PARTIAL RELEASE OF PROPERTIES. 68 Section 13.1. Partial Release of Properties....................................68 Section 13.2. [Intentionally Reserved].........................................69 Section 13.3. Allocated Loan Amounts...........................................70 ARTICLE XIV. MISCELLANEOUS............................................................70 Section 14.1. Non-Waiver.......................................................70 Section 14.2. Sole Discretion..................................................70
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PARTIAL RELEASE OF PROPERTIES. The Real Property is comprised of the Executive II project located at 8360 LBJ Freeway, Dallas, Texas (the "EXECUTIVE II PROPERTY"), and txx Xxxxxxxxx XXX xxxxxxx 0000 XBJ Freeway, Dallas, Texas (the "EXECUTIVE III PROPERTY"). Granxxx xxxxx xxxx xxx xxxxx xx xxxain releases of either one of the Executive II Property or the Executive III Property (each, a "RELEASE PROPERTY"), from the lien of this Deed of Trust and the other Loan Documents upon a written request made not later than ten (10) business days prior to the requested release (and accompanied by any purchase agreements and other supporting documentation), subject to the following terms and conditions:
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PARTIAL RELEASE OF PROPERTIES. 68 Section 13.1. Partial Release of Properties....................................68 Section 13.2. Release of Portions of Mobile Gardens, Xxxxxxxxxx Village and Lakeside of the Palm Beaches Properties...............................................69 Section 13.3. Allocated Loan Amounts...........................................70 ARTICLE XIV. MISCELLANEOUS............................................................70 Section 14.1. Non-Waiver.......................................................70 Section 14.2. Sole Discretion..................................................70
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PARTIAL RELEASE OF PROPERTIES. 68 Section 13.1. Partial Release of Properties......................68 Section 13.2. Release of Portions of Zoppe's Property and Burntwood Property.................................69 Section 13.3. Allocated Loan Amounts.............................70 ARTICLE XIV. MISCELLANEOUS..............................................70 Section 14.1. Non-Waiver.........................................70 Section 14.2. Sole Discretion....................................70
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Related to PARTIAL RELEASE OF PROPERTIES

  • Release of Properties From time to time the Borrower may request, upon not less than 10 days prior written notice to the Administrative Agent (or such shorter period as may be acceptable to the Administrative Agent in its sole discretion), that a Borrowing Base Asset be no longer considered a Borrowing Base Asset, which release (a “Property Release”) shall be effected by the Administrative Agent if the Administrative Agent determines all of the following conditions are satisfied as of the date of such Property Release:

  • Release of Property Except as set forth in this Section 2.6, no repayment, prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the Property.

  • Lease of Property Landlord, for and in consideration of the covenants and agreements herein contained on the part of Tenant to be paid, kept, observed, and performed, hereby leases to Tenant, and Tenant hereby leases from Landlord for the Term (as hereinafter defined), the Property. Tenant’s use of the Property shall be in compliance with the terms of this Lease.

  • Partial Release of Collateral Lender hereby releases the following collateral:

  • Partial Releases If any of the Collateral shall be sold, transferred or otherwise disposed of by any Pledgor in a transaction permitted by the Credit Agreement, then the Administrative Agent, at the request and sole expense of such Pledgor, shall promptly execute and deliver to such Pledgor all releases or other documents reasonably necessary or desirable for the release of the Liens created hereby on such Collateral and the Equity Interests of the Issuer thereof. At the request and sole expense of the Borrower, a Guarantor shall be released from its obligations hereunder in the event that all the Equity Interests of such Guarantor shall be sold, transferred or otherwise disposed of in a transaction permitted by the Credit Agreement; provided that the Borrower shall have delivered to the Administrative Agent, at least ten Business Days prior to the date of the proposed release, a written request of a Responsible Officer of the Borrower for release identifying the relevant Guarantor and the terms of the sale or other disposition in reasonable detail, including the price thereof and any expenses in connection therewith, together with a certification by the Borrower stating that such transaction is in compliance with the Credit Agreement and the other Loan Documents.

  • Lease of Property For Lease Term Landlord leases the Property to Tenant and Tenant leases the Property from Landlord for the Lease Term. The Lease Term is for the period stated in Section 1.05 above and shall begin and end on the dates specified in Section 1.05 above, unless the beginning or end of the Lease Term is changed under any provision of this Lease. The "Commencement Date" shall be the date specified in Section 1.05 above for the beginning of the Lease Term, unless advanced or delayed under any provision of this Lease.

  • Partial Release After the First Open Defeasance Date and prior to the First Open Payment Date, and provided no Event of Default exists, Borrower may from time to time obtain a partial release (a “Partial Release”) from the lien of the Mortgage and the Loan Documents of up to two of the individual Mortgaged Properties listed on Schedule 2.17 hereto (each such individual Mortgaged Property to be released, a “Partial Release Property”), provided that all of the following conditions precedent have been satisfied with respect to any such Partial Release of any such Partial Release Property:

  • Release of Individual Property Concurrently with the release of an Individual Property from the Lien of the Mortgage (and related Mortgage Loan Documents) pursuant to Section 2.5.1 of the Mortgage Loan Agreement (a “Release” and such Individual Property, a “Release Property”), Borrower may obtain the release of the related Individual Borrower with an indirect ownership interest in such Individual Property (a “Release Borrower”) and such Release Borrower’s obligations under the Loan Documents with respect to the Release Property (other than those expressly stated to survive), upon the satisfaction of each of the following conditions:

  • Condition of Properties All facilities, machinery, equipment, fixtures and other properties owned, leased or used by the Company are in reasonably good operating condition and repair, subject to ordinary wear and tear, and are adequate and sufficient for the Company’s business.

  • Maintenance of Properties and Leases Each Loan Party shall, and shall cause each of its Subsidiaries to, maintain in good repair, working order and condition (ordinary wear and tear excepted) in accordance with the general practice of other businesses of similar character and size, all of those properties useful or necessary to its business, and from time to time, such Loan Party will make or cause to be made all appropriate repairs, renewals or replacements thereof.

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