Release of Property. Except as set forth in this Section 2.6, no repayment, prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the Property.
Appears in 15 contracts
Samples: Loan Agreement (Amerco /Nv/), Loan Agreement (Hudson Pacific Properties, Inc.), Project Loan Agreement (Acadia Realty Trust)
Release of Property. Except as set forth in this Section 2.6, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the Property.
Appears in 15 contracts
Samples: Loan Agreement (RREEF Property Trust, Inc.), Loan Agreement (Procaccianti Hotel Reit, Inc.), Loan Agreement (Procaccianti Hotel Reit, Inc.)
Release of Property. Except as set forth in this Section 2.62.5, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan Note shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the PropertyPledge Agreement or any other Loan Document.
Appears in 9 contracts
Samples: Second Mezzanine Loan Agreement (Hard Rock Hotel Holdings, LLC), Second Mezzanine Loan Agreement (Hard Rock Hotel Holdings, LLC), Mezzanine Loan Agreement (Morgans Hotel Group Co.)
Release of Property. Except as set forth in this Section 2.6, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the any Individual Property.
Appears in 6 contracts
Samples: Loan Agreement (Inland Real Estate Income Trust, Inc.), Loan Agreement (Cole Credit Property Trust III, Inc.), Loan Agreement (Inland Real Estate Income Trust, Inc.)
Release of Property. Except as set forth in this Section 2.62.5, no repayment, prepayment or defeasance of all or any portion of the Loan Note shall cause, give rise to a right to require, or otherwise result in, the release of the any Lien of the any Mortgage on the any Individual Property.
Appears in 6 contracts
Samples: Loan Agreement (Inland Real Estate Corp), Loan Agreement (Capital Automotive Reit), Loan Agreement (Capital Automotive Reit)
Release of Property. Except as set forth in this Section 2.6, no repayment, prepayment or defeasance of all or any portion of the Loan Note shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the PropertyMortgage.
Appears in 5 contracts
Samples: Loan Agreement (MPG Office Trust, Inc.), Loan Agreement (Medical Billing Assistance, Inc.), Loan Agreement (Maguire Properties Inc)
Release of Property. Except as set forth in Section 2.4 hereof and this Section 2.62.5, no repayment, prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the any Lien of the Mortgage any Security Instrument on the any Individual Property.
Appears in 5 contracts
Samples: Loan Agreement (Netreit, Inc.), Loan Agreement (Spirit Finance Corp), Loan Agreement (Spirit Finance Corp)
Release of Property. Except as set forth in this Section 2.6, no repayment, prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage Security Instruments on the Property.
Appears in 4 contracts
Samples: Loan Agreement (Strategic Storage Trust II, Inc.), Loan Agreement (Strategic Storage Trust IV, Inc.), Loan Agreement (Strategic Storage Trust, Inc.)
Release of Property. Except as set forth in this Section 2.62.5, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the any Lien of the Mortgage on the Property. If Borrower prepays the entire amount of the Loan pursuant to Section 2.3 and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the Mortgage.
Appears in 3 contracts
Samples: Loan Agreement (Highlands REIT, Inc.), Loan Agreement (Highlands REIT, Inc.), Loan Agreement (Inland American Real Estate Trust, Inc.)
Release of Property. Except as set forth in this Section 2.6, no repayment, prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage Security Instrument on the Property.
Appears in 3 contracts
Samples: Loan Agreement (Global Net Lease, Inc.), Loan Agreement (Healthcare Trust, Inc.), Loan Agreement (City Office REIT, Inc.)
Release of Property. Except as set forth in this Section 2.62.5, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan Note shall cause, give rise to a right to require, or otherwise result in, the release of the any Lien of the any Mortgage on the any Individual Property.
Appears in 3 contracts
Samples: Loan Agreement (Capitalsource Inc), Loan Agreement (Koger Equity Inc), Loan Agreement (Koger Equity Inc)
Release of Property. Except as set forth in this Section 2.62.5, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the PropertyMortgage.
Appears in 3 contracts
Samples: Loan Agreement (Strategic Hotels & Resorts, Inc), Loan Agreement (Colony Resorts LVH Acquisitions LLC), Loan Agreement (Colony Resorts LVH Acquisitions LLC)
Release of Property. Except as set forth in this Section 2.62.4, no repayment, prepayment or defeasance Defeasance of all or any portion of the Loan Note shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the any Property.
Appears in 2 contracts
Samples: Loan Agreement (Innkeepers Usa Trust/Fl), Loan Agreement (Innkeepers Usa Trust/Fl)
Release of Property. Except as set forth in this Section 2.62.4, no repayment, prepayment or defeasance of all or any portion of the Loan Note shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on Mortgage, any Other Properties Subordinate Mortgage, or the PropertySubordinate Mortgage.
Appears in 2 contracts
Samples: Loan Agreement (Brookdale Living Communities Inc), Loan Agreement (Brookdale Living Communities Inc)
Release of Property. Except as set forth in this Section 2.62.6 or upon repayment of the Loan in full on or after the Maturity Date, no repayment, prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage Security Instrument on all or any portion of the PropertyProperty and any other Loan Document pursuant to which a Lien thereon exists.
Appears in 2 contracts
Samples: Loan Agreement (Moody National REIT II, Inc.), Loan Agreement (Moody National REIT II, Inc.)
Release of Property. Except as set forth in this Section 2.6, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage Security Instruments on the Property.
Appears in 2 contracts
Samples: Loan Agreement (TNP Strategic Retail Trust, Inc.), Loan Agreement (TNP Strategic Retail Trust, Inc.)
Release of Property. Except as set forth in this Section 2.62.5, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the any Lien of the any Mortgage on the any Individual Property.
Appears in 2 contracts
Samples: Loan Agreement (Gramercy Capital Corp), Loan Agreement (Sunstone Hotel Investors, Inc.)
Release of Property. Except as set forth in this Section 2.62.5, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the any Lien of the Mortgage on the PropertyPledge Agreement.
Appears in 2 contracts
Samples: Senior Mezzanine Loan Agreement (Inland Western Retail Real Estate Trust Inc), Junior Mezzanine Loan Agreement (Inland Western Retail Real Estate Trust Inc)
Release of Property. Except as set forth in this Section 2.62.5, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the any Individual Property.
Appears in 2 contracts
Samples: Loan Agreement (Lineage, Inc.), Loan Agreement (Lineage, Inc.)
Release of Property. Except as set forth in this Section 2.62.5, no repayment, repayment or prepayment or defeasance of all or any portion of either of the Loan Notes shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage or any other Loan Document on any Property or the PropertyIP.
Appears in 2 contracts
Samples: Loan Agreement (Hard Rock Hotel Holdings, LLC), Loan Agreement (Hard Rock Hotel Holdings, LLC)
Release of Property. Except as set forth in this Section 2.6, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage Security Instrument on the Property.
Appears in 2 contracts
Samples: Loan Agreement (Hersha Hospitality Trust), Loan Agreement (Morgans Hotel Group Co.)
Release of Property. Except as set forth in this Section 2.62.5, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the any Lien of the Mortgage Pledge Agreement or any other Loan Document on the Propertyany Collateral.
Appears in 2 contracts
Samples: Mezzanine Loan Agreement (BRE Select Hotels Corp), Mezzanine Loan Agreement (BRE Select Hotels Corp)
Release of Property. Except as set forth in Section 2.4.2(a) and this Section 2.62.5, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any Lien of any Mortgage on any Individual Property or the release of the Lien of the Mortgage Pledge Agreement on the Propertyany Individual Borrower.
Appears in 2 contracts
Samples: Loan Agreement (Net Lease Office Properties), Loan Agreement (W. P. Carey Inc.)
Release of Property. Except as set forth in this Section 2.6, 2.4 no repayment, repayment or prepayment or defeasance of all or any portion of the Loan Note shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the PropertyMortgage.
Appears in 2 contracts
Samples: Loan Agreement (FelCor Lodging Trust Inc), Loan Agreement (FelCor Lodging Trust Inc)
Release of Property. Except as set forth in this Section 2.62.5, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the any Lien of the Mortgage any Security Instrument on the Propertyany Collateral.
Appears in 2 contracts
Samples: Loan Agreement (BRE Select Hotels Corp), Loan Agreement (ESH Hospitality LLC)
Release of Property. Except as set forth in this Section 2.62.5, no repayment, prepayment or defeasance of all or any portion of the Loan Note shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage Mortgages on the PropertyProperties.
Appears in 2 contracts
Samples: Loan Agreement (Equity Inns Inc), Loan Agreement (Equity Inns Inc)
Release of Property. Except as set forth in this Section 2.6, no repayment, prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage Security Instrument on the Property.
Appears in 2 contracts
Samples: Loan Agreement (Wheeler Real Estate Investment Trust, Inc.), Loan Agreement (Carter Validus Mission Critical REIT II, Inc.)
Release of Property. Except as set forth in this Section 2.62.5, no repayment, prepayment or defeasance of all or any portion of the Loan Note shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the PropertyMortgage.
Appears in 1 contract
Samples: Loan Agreement (Taubman Centers Inc)
Release of Property. Except as set forth in Section 2.3.1(b) and this Section 2.62.5, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien any Liens of the Mortgage Mortgages on the PropertyProperties. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1(a) and the requirements of this Section 2.5 have been satisfied, the Properties shall be released from the Liens of the Mortgages.
Appears in 1 contract
Samples: Loan Agreement (Inland American Real Estate Trust, Inc.)
Release of Property. Except as set forth in this Section 2.6, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan Note shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the PropertyBuilding Loan Mortgage.
Appears in 1 contract
Samples: Building Loan Agreement (KBS Strategic Opportunity REIT, Inc.)
Release of Property. Except as set forth in this Section 2.63.3 and otherwise set forth in this Agreement, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the PropertyMortgage.
Appears in 1 contract
Release of Property. Except as set forth in this Section 2.62.5, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan Note shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage or any other Loan Document on any Property or the PropertyIP.
Appears in 1 contract
Release of Property. Except as set forth in this Section 2.62.6 or upon repayment of the Loan in full on or after the Maturity Date, no repayment, prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on all or any portion of the Property.
Appears in 1 contract
Release of Property. Except as set forth in Section 2.4 hereof and this Section 2.62.5, no repayment, prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the any Lien of the Mortgage Security Instrument on the Property.
Appears in 1 contract
Samples: Loan Agreement (CaliberCos Inc.)
Release of Property. Except as set forth in this Section 2.63.3 and otherwise set forth in this Agreement, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of any Mortgage and the Mortgage on the Propertyother related Loan Documents.
Appears in 1 contract
Release of Property. Except as set forth in this Section 2.6, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the PropertyMortgage.
Appears in 1 contract
Release of Property. Except as set forth in this Section 2.62.5, Section 2.4.2 or Section 2.8, no repayment, defeasance or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the any Lien of the any Mortgage on any Individual Property. For the Propertyavoidance of doubt, any prepayment of the Loan in connection with a Condemnation shall be governed solely by Section 2.4.2 and Section 6.3 hereof.
Appears in 1 contract
Release of Property. Except as set forth in this Section 2.63.3 and otherwise set forth in this Agreement, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the Propertyany Mortgage.
Appears in 1 contract
Release of Property. Except as set forth in this Section 2.62.5, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan Note shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the PropertyMortgage.
Appears in 1 contract
Samples: Loan Agreement (Eagle Hospitality Properties Trust, Inc.)
Release of Property. Except as set forth in this Section 2.62.5, no repayment, prepayment or defeasance of all or any portion of the Loan Note shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the Property.
Appears in 1 contract
Release of Property. Except as set forth in this Section 2.62.5, no repayment, prepayment or defeasance of all or any portion of the Loan Note shall cause, give rise to a right to require, or otherwise result in, the release of the Lien Liens of the Mortgage or the Second Mortgage on the Property.
Appears in 1 contract
Release of Property. Except as set forth in Section 2.9 and this Section 2.62.5, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the any Lien of the any Mortgage on the Property.
Appears in 1 contract
Release of Property. Except as set forth in this Section 2.6, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan Note shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the PropertyMortgage.
Appears in 1 contract
Samples: Loan Agreement (Cole Office & Industrial REIT (CCIT II), Inc.)
Release of Property. Except as set forth in this Section 2.62.5 or Section 2.4.2, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the any Lien of the any Mortgage on any Individual Property. For the Propertyavoidance of doubt, any prepayment of the Loan in connection with a Condemnation shall be governed solely by Section 2.4.2 and Section 6.3 hereof.
Appears in 1 contract
Release of Property. Except as set forth in this Section 2.62.5, no repayment, or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the any Lien of the Mortgage Security Instrument on the Property.
Appears in 1 contract
Samples: Loan Agreement (Piedmont Office Realty Trust, Inc.)
Release of Property. Except as set forth in this Section 2.62.5, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the any Lien of the any Mortgage on the any Individual Property, Out Parcel or Partial Release Parcel.
Appears in 1 contract
Release of Property. Except as set forth in Section 2.4.2 or this Section 2.62.5, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the any Lien of the any Mortgage on any Individual Property. For the Propertyavoidance of doubt, any prepayment of the Loan in connection with a Condemnation or Casualty shall be governed by and made in accordance with Section 2.4.2, Section 6.3 and Section 6.4 hereof.
Appears in 1 contract
Release of Property. Except as set forth in this Section 2.62.6 or a prepayment of the entire Loan pursuant to Section 2.4, no repayment, prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the Property. If the entire Loan has been prepaid pursuant to Section 2.4, or after the requirements of Section 2.6.1 have been satisfied, the Property shall be released from the lien of the Mortgage.
Appears in 1 contract
Release of Property. Except as set forth in this Section 2.6, no repayment, prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the any Lien of the any Mortgage on the Property.
Appears in 1 contract
Release of Property. Except as set forth in this Section 2.6, no No repayment, prepayment or defeasance Defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien Property from the lien of the Mortgage on the PropertyMortgage, except as set forth in Sections 2.4.1 and 2.4.2.
Appears in 1 contract
Release of Property. Except as set forth in this Section 2.62.5, no repayment, . prepayment or defeasance of all or any portion of the Loan Note shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage Mortgages on the PropertyProperties.
Appears in 1 contract
Samples: Loan Agreement (Equity Inns Inc)
Release of Property. Except as set forth in Section 2.8 hereof and this Section 2.62.9, no repayment, prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the any Lien of the Mortgage any Security Instrument on the any Individual Property.
Appears in 1 contract
Release of Property. Except as set forth in this Section 2.6, no repayment, prepayment or defeasance of all or any portion of the Loan Note shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the Property.
Appears in 1 contract
Samples: Loan Agreement (Pennsylvania Real Estate Investment Trust)
Release of Property. Except as set forth in this Section 2.62.4, no repayment, prepayment or defeasance of all or any portion of the Loan Note shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the a Mortgage on the any Property.
Appears in 1 contract
Release of Property. Except as set forth in Sections 2.7 and 2.8 hereof and this Section 2.62.9, no repayment, prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release or assignment (if applicable) of the any Lien of the Mortgage any Security Instrument on the any Individual Property.
Appears in 1 contract
Samples: Loan Agreement (American Realty Capital Trust III, Inc.)
Release of Property. Except as set forth in this Section 2.6, no repayment, prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the any Lien of the any Mortgage on the any Individual Property.
Appears in 1 contract
Samples: Loan Agreement (Sabre Corp)
Release of Property. Except as set forth in this Section 2.6, no repayment, prepayment or defeasance of all or any portion of the Loan Note shall cause, give rise to a right to require, or otherwise result in, the release of the any Lien of the any Mortgage on the any Individual Property.
Appears in 1 contract
Release of Property. Except as set forth in this Section 2.62.5, no repayment, repayment or prepayment or defeasance of all or any portion of the Loan Note shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage or any other Loan Document on the Property.
Appears in 1 contract
Release of Property. Except as set forth in this Section 2.62.5, no repayment, prepayment or defeasance of all or any portion of the Loan Note shall cause, give rise to a right to require, or otherwise result in, the release of the any Lien of the any Mortgage on any of the Property.
Appears in 1 contract
Release of Property. Except as set forth in this Section 2.62.5 or Section 2.8, no repayment, defeasance or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the any Lien of the Mortgage on Mortgage. For the Propertyavoidance of doubt, any prepayment of the Loan in connection with a Condemnation shall be governed solely by Section 2.4.2 and Section 6.3 hereof.
Appears in 1 contract
Release of Property. Except as set forth in this Section 2.62.5 and Section 8.1(c), no repayment, repayment or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the any Lien of the any Mortgage on the any Individual Property.
Appears in 1 contract
Release of Property. Except as set forth in this Section 2.62.5 or upon repayment of the Loan in full on or after the Maturity Date, no repayment, or prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage Security Instrument on all or any portion of the PropertyProperty and any other Loan Document pursuant to which a Lien thereon exists.
Appears in 1 contract
