Common use of Release of Projects Clause in Contracts

Release of Projects. At any time following the Closing Date, the Borrower on one or more occasions may obtain, and the Administrative Agent shall take such actions as are necessary to effectuate pursuant to this Section 2.09(a), the release of the entirety of any Project from the Lien of the Deeds of Trust (and related Loan Documents) thereon and the release of the Borrower’s obligations under the Loan Documents with respect to such Project (other than those which expressly survive repayment, including, but not limited to, those set forth in the Environmental Indemnity), upon satisfaction of each of the following conditions:

Appears in 6 contracts

Samples: Loan Agreement (Douglas Emmett Inc), Loan Agreement (Douglas Emmett Inc), Loan Agreement (Douglas Emmett Inc)

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Release of Projects. At any time following the Closing Date, the Borrower on one or more occasions may obtain, and the Administrative Agent Agent, on behalf of the Lenders, shall take such actions as are necessary to effectuate pursuant to this Section 2.09(a), the release of the entirety of any Project from the Lien of the Deeds applicable Deed of Trust (and related Loan Documents) thereon and the release of the Borrower’s obligations under the Loan Documents with respect to such Project (other than those which expressly survive repayment, including, but not limited to, those set forth in the Environmental Indemnity), upon satisfaction of each of the following conditions:

Appears in 2 contracts

Samples: Loan Agreement (Douglas Emmett Inc), Loan Agreement (Douglas Emmett Inc)

Release of Projects. At any time following the Closing Date, the Borrower on one or more occasions may obtain, and the Administrative Agent shall take such actions as are necessary to effectuate pursuant to this Section 2.09(a), the release of the entirety of any Project from the Lien of the Deeds applicable Deed of Trust (and related Loan Documents) thereon and the release of the Borrower’s obligations under the Loan Documents with respect to such Project (other than those which expressly survive repayment, including, but not limited to, those set forth in the Environmental Indemnity), upon satisfaction of each of the following conditions:

Appears in 1 contract

Samples: Loan Agreement (Douglas Emmett Inc)

Release of Projects. At any time following the Closing Date, the Borrower or Co-Borrower on one or more occasions may obtain, and the Administrative Agent shall take such actions as are necessary to effectuate pursuant to this Section 2.09(a), the release of the entirety of any Project from the Lien of the Deeds of Trust (and related Loan Documents) thereon and the release of the Borrower’s and Co-Borrower’s obligations under the Loan Documents with respect to such Project (other than those which expressly survive repayment, including, but not limited to, those set forth in the Environmental Indemnity), upon satisfaction of each of the following conditions:

Appears in 1 contract

Samples: Loan Agreement (Douglas Emmett Inc)

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Release of Projects. At any time following the Closing Date, the Date a Borrower on one or more occasions may obtain, and the Administrative Agent shall take such actions as are necessary to effectuate pursuant to this Section 2.09(a), the release of the entirety of any Project owned by it from the Lien of the Deeds applicable Deed of Trust (and related Loan Documents) thereon and the release of the Borrower’s obligations under the Loan Documents with respect to such Project (other than those which expressly survive repayment, including, but not limited to, those set forth in the Environmental Indemnity), upon satisfaction of each of the following conditions:

Appears in 1 contract

Samples: Loan Agreement (Douglas Emmett Inc)

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