Release of Certain Subsidiary Borrowers. In the event that all Mortgaged Properties owned by a Subsidiary Borrower shall have been released as Collateral for the Obligations in accordance with the terms of this Agreement, then such Subsidiary Borrower shall be released by Agent from liability under this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (CoreSite Realty Corp), Credit Agreement (CoreSite Realty Corp)
Release of Certain Subsidiary Borrowers. In the event that all Mortgaged Properties Eligible Real Estate Assets owned by a Subsidiary Borrower shall have been released as Collateral for from the Obligations Unencumbered Asset Pool in accordance with the terms of this Agreement and from the 2014 Term Loan Unencumbered Asset Pool in accordance with the terms of the 2014 Term Loan Agreement, then such Subsidiary Borrower shall be released by Agent from liability under this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (CoreSite Realty Corp), Credit Agreement (CoreSite Realty Corp)
Release of Certain Subsidiary Borrowers. In the event that all Mortgaged Collateral Properties owned by a Subsidiary Borrower shall have been released as Collateral for the Obligations and Hedge Obligations in accordance with the terms of this Agreement, then such Subsidiary Borrower shall be released by Agent from liability under this Agreement.
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Release of Certain Subsidiary Borrowers. In the event that all Mortgaged Properties owned by a Subsidiary Borrower shall have been released as Collateral for the Obligations and Hedge Obligations in accordance with the terms of this Agreement, then such Subsidiary Borrower shall be released by Agent from liability under this Agreement. The provisions of this §5.6 shall not apply to any Subsidiary Borrower which owns a Mortgaged Property or any direct or indirect interest in a Mortgaged Property.
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Release of Certain Subsidiary Borrowers. In the event that all Mortgaged Properties Eligible Real Estate Assets owned by a Subsidiary Borrower shall have been released as Collateral for from the Obligations Unencumbered Asset Pool in accordance with the terms of this Agreement, then such Subsidiary Borrower shall be released by Agent from liability under this Agreement.
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