Release of Individual Property. If Borrower has elected to defease a portion of the Loan and the requirements of Section 2.4 and this Section 2.5 have been satisfied, Borrower may obtain the release of an Individual Property from the Lien of the Mortgage thereon (and related Loan Documents) and the release of Borrower's obligations under the Loan Documents with respect to such Individual Property (other than those expressly stated to survive), upon the satisfaction of each of the following conditions:
Appears in 2 contracts
Samples: Loan Agreement (Inland Real Estate Corp), Loan Agreement (Inland Real Estate Corp)
Release of Individual Property. (a) If Borrower has elected ------------------------------ to defease a portion of the Loan and the requirements of Section 2.4 and this Section 2.5 2.5.2 have been satisfied, Borrower may obtain the release of an one or more Individual Property Properties from the Lien of the Mortgage thereon (and related Loan Documents) and the release of Borrower's obligations under the Loan Documents with respect to each such Individual Property (other than those expressly stated to survive), upon the satisfaction of each of the following conditions:
Appears in 2 contracts
Samples: Loan Agreement (Capital Automotive Reit), Loan Agreement (Capital Automotive Reit)
Release of Individual Property. (a) If Borrower has elected to ------------------------------ defease a portion of the Loan and the requirements of Section 2.4 and this Section 2.5 2.5.2 have been satisfied, Borrower may obtain the release of an one or more Individual Property Properties from the Lien of the Mortgage thereon (and related Loan Documents) and the release of Borrower's obligations under the Loan Documents with respect to each such Individual Property (other than those expressly stated to survive), upon the satisfaction of each of the following conditions:
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Release of Individual Property. (a) If Borrower has ------------------------------ elected to defease a portion of the Loan and the requirements of Section 2.4 and this Section 2.5 2.5.2 have been satisfied, Borrower may obtain the release of an one or more Individual Property Properties from the Lien of the Mortgage thereon (and related Loan Documents) and the release of Borrower's obligations under the Loan Documents with respect to each such Individual Property (other than those expressly stated to survive), upon the satisfaction of each of the following conditions:
Appears in 1 contract
