Release of all Properties Upon Payment in Full. (a) If Xxxxxxxx has elected to prepay the entire Loan and the requirements of Section 2.4 and this Section 2.5.1 have been satisfied, all of the Properties shall be released from the Liens of their respective Mortgages and, as applicable, Assignments of Leases, and Lender shall deliver (or cause the Servicer to deliver) to Borrower or its title company a customary payoff letter.
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Samples: Loan Agreement (Lineage, Inc.), Loan Agreement (Lineage, Inc.)
Release of all Properties Upon Payment in Full. (a) If Xxxxxxxx Borrower has elected to prepay the entire Loan and the requirements of Section 2.4 and this Section 2.5.1 2.5 have been satisfied, all of the Properties shall be released from the Liens of their respective Mortgages and, as applicable, Assignments of Leases, and Lender shall deliver (or cause the Servicer to deliver) to Borrower or its title company a customary payoff letterMortgages.
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Release of all Properties Upon Payment in Full. (a) If Xxxxxxxx Borrower has elected to prepay the entire Loan and the requirements of Section 2.4 and this Section 2.5.1 2.5 have been satisfied, all of the Properties shall be released from the Liens of their respective Mortgages and, as applicable, Assignments and the Collateral shall be released from the Lien of Leases, and Lender shall deliver (or cause the Servicer to deliver) to Borrower or its title company a customary payoff letterPledge Agreements.
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Samples: Property Management Agreement (Sunstone Hotel Investors, Inc.)
Release of all Properties Upon Payment in Full. (a) If Xxxxxxxx Bxxxxxxx has elected to prepay the entire Loan and the requirements of Section 2.4 and this Section 2.5.1 2.5 have been satisfied, all of the Properties shall be released from the Liens of their respective Mortgages and, as applicable, Assignments and Borrower shall be released from the Lien of Leases, and Lender shall deliver (or cause the Servicer to deliver) to Borrower or its title company a customary payoff letterPledge Agreement.
Appears in 1 contract
Samples: Loan Agreement (W. P. Carey Inc.)
Release of all Properties Upon Payment in Full. (a) If Xxxxxxxx has elected to prepay the entire Loan and the requirements of Section 2.4 and this Section 2.5.1 2.5 have been satisfied, all of the Properties shall be released from the Liens of their respective Mortgages and, as applicable, Assignments and Borrower shall be released from the Lien of Leases, and Lender shall deliver (or cause the Servicer to deliver) to Borrower or its title company a customary payoff letterPledge Agreement.
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