Release of Certain Subsidiary Credit Parties. In the event that all Collateral Properties owned by a Subsidiary Credit Party shall have been released as Collateral for the Obligations and Hedge Obligations in accordance with the terms of this Agreement, then such Subsidiary Credit Party shall be deemed to be fully released of all Obligations and all Hedge Obligations without the need of any further actions from Agent or any Lender; provided, the Agent shall, at Borrowers’ request and expense, execute and deliver all applicable customary release documentation required by Borrowers.
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Samples: Credit Agreement (Bluerock Residential Growth REIT, Inc.), Credit Agreement (Bluerock Residential Growth REIT, Inc.)
Release of Certain Subsidiary Credit Parties. In the event that all Collateral Properties owned by a Subsidiary Credit Party shall have been released as Collateral for the Obligations and Hedge Obligations in accordance with the terms of this Agreement, then such Subsidiary Credit Party shall be deemed to be fully released of all Obligations and all Hedge Obligations without the need of any further actions from Agent or any Lender; provided, the Agent shall, at Borrowers’ request and expense, execute and deliver all applicable customary release documentation required by Borrowers.
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Release of Certain Subsidiary Credit Parties. In the event that all Collateral Properties owned by a Subsidiary Credit Party shall have been released as Collateral for the Obligations and Hedge Obligations in accordance with the terms of this Agreement, then such Subsidiary Credit Party shall be deemed to be fully released of all Obligations and all Hedge Obligations without the need of any further actions by Agent from Agent or any Lender; provided, the Agent shall, at Borrowers’ request and expense, execute and deliver all applicable customary release documentation required by Borrowersliability under this Agreement.
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