Common use of Release of Property Clause in Contracts

Release of Property. Except as set forth in this Section 2.5, no repayment or prepayment 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 the Mortgage on the Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the Mortgage.

Appears in 27 contracts

Samples: Loan Agreement (Highlands REIT, Inc.), Loan Agreement (Inland American Real Estate Trust, Inc.), Loan Agreement (Inland Western Retail Real Estate Trust Inc)

AutoNDA by SimpleDocs

Release of Property. Except as set forth in this Section 2.5, no repayment or prepayment 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 any Lien of the Mortgage on the Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the Mortgage.

Appears in 9 contracts

Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc), Loan Agreement (Inland Western Retail Real Estate Trust Inc), Loan Agreement (Inland Western Retail Real Estate Trust Inc)

Release of Property. Except as set forth in this Section 2.5, no repayment or prepayment 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 the Lien of the Mortgage on the Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 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 (Inland Western Retail Real Estate Trust Inc), Loan Agreement (Inland Western Retail Real Estate Trust Inc), Loan Agreement (Inland Western Retail Real Estate Trust Inc)

Release of Property. Except as set forth in this Section 2.5, no repayment or prepayment 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 the Mortgage on the any Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 2.3.1(a) or 2.3.1(c), and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the MortgageMortgages.

Appears in 1 contract

Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc)

Release of Property. Except as set forth in this Section 2.5, no repayment or prepayment 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 the Mortgage on the any Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 23.l(a) or 2.3.l(c) and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the MortgageMortgages.

Appears in 1 contract

Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc)

AutoNDA by SimpleDocs

Release of Property. Except as set forth in this Section 2.52.6 or a prepayment of the entire Loan pursuant to Section 2.4.2, no repayment repayment, prepayment or prepayment 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 the any Mortgage on the any Individual Property. If Borrower has elected to prepay the entire amount of the Loan has been prepaid pursuant to Section 2.3.1 and 2.4.2, or after the requirements of this Section 2.5 2.6.1 have been satisfied, the each Individual Property shall be released from the Lien lien of the respective Mortgage.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Reit I Inc)

Release of Property. Except as set forth in this Section 2.5, no repayment or prepayment 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 any Lien of the Mortgage on the Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the Mortgage.,

Appears in 1 contract

Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!