Property Release. The terms of the related Mortgage Note, Mortgage(s) or other loan document securing such Mortgage Loan do not provide for the release from the lien of such Mortgage of any material portion of the related Mortgaged Property that is necessary to the operation of such Mortgaged Property or was given material value in the underwriting of such Mortgage Loan at origination, without (A) payment in full of such Mortgage Loan, (B) delivery of Defeasance Collateral in the form of "government securities" within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended (the "Investment Company Act"), (C) payment of a release price equal to at least 125% of the amount of such Mortgage Loan allocated to the related Mortgaged Property subject to the release or (D) with respect to mortgage loans listed on Schedule I-xxx, the satisfaction of certain underwriting and legal requirements which the Seller required in the origination of comparable mortgage loans.
Property Release. The Owner agrees to complete a written consent, in the form attached as Attachment E to permit the LPA and the HTFC to publish photographs of assisted properties for promotional or public relations purposes.
Property Release. The terms of the related Mortgage Note, Mortgage(s) or other loan document securing such Mortgage Loan do not provide for the release from the lien of such Mortgage of any portion of the related Mortgaged Property that is necessary to the operation of such Mortgaged Property or was given material value in the underwriting of such Mortgage Loan at origination, without (A) payment in full of such Mortgage Loan, (B) delivery of Defeasance Collateral in the form of "government securities" within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended (the "Investment Company Act"), (C) payment of a release price equal to at least 125% of the amount of such Mortgage Loan allocated to the related Mortgaged Property or (D) the satisfaction of certain underwriting and legal requirements which would be considered reasonable by a prudent institutional commercial mortgage lender.
Property Release. Borrowers and Lender agree that any prior release prices set forth in the Loan Documents shall be deleted in their entirety and Lender agrees to release acreage from each section of the property subject to the lien of the Deed of Trust (“Property”), based on the Preliminary Concept Plan and proposed Subdivision Plat previously delivered to Lender, upon receipt of the following sums: Sections 21, 23 and 25 Fifty Thousand and 00/00 Dollars of the Property (50,000.00) per acre
Property Release. To the extent to which the Content contains images of third-party property, the Author guarantees that - if this is required by law - he/she has obtained a valid and legally binding release declaration with regard to the presentation of this property from the holder of the corresponding rights. The content of this release declaration must in essence correspond to the declaration provided here (xxxx://xxx.xxxxxxxxxx.xx/resources/pdfs/propertyreleasevetrag_en.pdf), and must permit the utilisation of the Content as described in the Customer Licence Agreement.
Property Release. (a) Notwithstanding anything in this Agreement to the contrary, Landlord shall have the right to sell or otherwise transfer the Resort without the consent of Tenant upon 30 days’ prior written notice. Upon the closing of such sale or transfer, this Agreement shall automatically terminate and be of no further force and effect (except for those provisions which expressly survive the expiration or termination hereof).
(b) Notwithstanding anything in this Agreement to the contrary, Landlord shall have the right to sell or otherwise transfer one or more portions of the Leased Property (the “Release Property”) without a reduction or other adjustment to the Rent, upon satisfaction of the following conditions: (i) such Release Property is non-income producing, (ii) if income producing, the use and income generated by such Release Property can be substantially replicated by other portions of the Leased Property without substantial delay or (iii) such Release Property is immaterial to the operation of the Resort. Upon the closing of such sale or transfer, this Agreement shall terminate and be of no further force and effect with respect to such Release Property (except for those provisions which expressly survive the expiration or termination hereof).
(c) Tenant acknowledges and agrees that the provisions of this Section 19.20 were a material condition to the agreement of Landlord to enter into this Agreement, and that the Landlord would not lease the Leased Property to Tenant or otherwise enter into this Agreement without the right to sell or transfer the Release Property and terminate this Agreement upon the terms and condition set forth in this Section 19.20.
Property Release. In the case of each Mortgage Loan, since origination, no material portion of the related Underlying Mortgage Property has been released from the lien of the related Mortgage, in any manner which materially and adversely affects the value of the Loan or materially interferes with the security intended to be provided by such Mortgage. The terms of the related Mortgage do not provide for release of any material portion of the Underlying Mortgage Property from the lien of the Mortgage except (a) in consideration of payment therefor of not less than 125% of the related allocated loan amount of such Underlying Mortgage Property, (b) upon payment in full of such Loan, (c) upon defeasance permitted under the terms of such Loan by means of substituting for the Underlying Mortgage Property (or, in the case of a Loan secured by multiple Underlying Mortgage Properties, one or more of such Underlying Mortgage Properties) "government securities", as defined in the Investment Company Act of 1940, as amended, sufficient to pay the Loan in accordance with its terms, (d) upon substitution of a replacement property with respect to such Loan as set forth on Schedule 26, (e) where release is conditional upon the satisfaction of certain underwriting and legal requirements which would be acceptable to a reasonably prudent commercial mortgage lender and the payment of a release price that represents at least 125% of the appraised value of such Underlying Mortgage Property or (f) releases of unimproved out-parcels or other portions of the Underlying Mortgage Property which will not have a material adverse effect on the underwritten value of the security for the Loan and which were not afforded any value in the appraisal obtained at the origination of the Loan.
Property Release. Davanjer Portfolio In the event of a casualty at any single property in the Davanjer Portfolio which results in a loss of more than 50% of the allocated loan amount for such Mortgaged Property, the lender may, in its discretion, require the Mortgagor to prepay an amount equal to 125% of the allocated loan amount -------------------------------------------------------------------------------- Sch. I-7 CONTROL NUMBER PROPERTY ISSUE -------------------------------------------------------------------------------- for the related Mortgaged Property and, provided that the Mortgagor satisfies certain other conditions set forth in the loan documents, the Mortgagor may obtain a release of such Mortgaged Property affected by the casualty. -------------------------------------------------------------------------------- Food Lion-Circle Plaza Based on the Mortgage, the Mortgagor may release a non-improved, non-income producing parcel from the lien of the mortgage. --------------------------------------------------------------------------------
Property Release. (a) This Lease shall terminate with respect to any Individual Property if such Individual Property is released from the lien of the Mortgage pursuant to Section 2.4.2 or Section 11.28 of the Loan Agreement (a "Property Release").
(b) Upon any Property Release, the following shall occur:
(i) the Lease Term shall end with respect to such Individual Property, and the obligations of Lessee hereunder (other than any obligations expressed herein as surviving termination of this Lease) with respect to such Individual Property shall terminate as of the date of such release; and
(ii) the Base Rent payable by Lessee under Section 3.1 shall be reduced by the Property Release Amount (as shown on Schedule 21.27) with respect to such Individual Property.
Property Release. I, being the legal owner or having the legal right, permit the taking and use of photographs of this property (Pet’s Name), and hereby give Happy Dog Inn, or their associates, legal representatives, etc. the irrevocable right to use this image in all forms and media in all manners, including composites, advertising, trade, or any other lawful purposes, and I waive any rights to inspect or approve the finished product, including written copy that may be created in connection therewith.
