Common use of Release on Payment in Full Clause in Contracts

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of the Debt in accordance herewith, release or, if requested by Borrower, assign to Borrower's designee (without any representation or warranty by and without any recourse against Lender whatsoever), the Lien of the Loan Documents if not theretofore released. In connection with the release of the Lien, Borrower shall submit to Lender, not less than thirty (30) days prior to the date of repayment (or such shorter time as is acceptable to Lender in its sole discretion), a release of Lien (and related Loan Documents) for execution by Lender. Such release shall be in a form appropriate in the jurisdiction in which the Property is located and contain standard provisions protecting the rights of the releasing lender. In addition, Borrower shall provide all other documentation Lender reasonably requires to be delivered by Borrower in connection with such release, together with an Officer's Certificate certifying that such documentation (i) is in compliance with all Legal Requirements, and (ii) will effect such release in accordance with the terms of this Agreement. Borrower shall pay all costs, taxes and expenses associated with the release of the Lien of the Mortgage, including Lender's reasonable attorneys' fees.

Release on Payment in Full. Lender shall, upon the written request and at the expense of BorrowerBorrowers, upon payment in full of the Debt in accordance herewith, release or, if requested by Borrower, assign to Borrower's designee (without any representation or warranty by with the terms and without any recourse against Lender whatsoever), the Lien provisions of the Loan Documents if not theretofore releasedDocuments, release the Liens of the Mortgages and cause the trustees under the Mortgages to reconvey the Properties to Borrowers. In connection with the release of the LienLiens, each Borrower shall submit to Lender, not less than thirty (30) days prior to the date of repayment Repayment Date (or such shorter time as is acceptable to Lender in its sole reasonable discretion), a release of Lien (and related Loan Documents) for execution by Lender. Such release shall be in a form appropriate in the jurisdiction in which the Property is Properties are located and contain standard provisions protecting the rights of the releasing lender. In addition, Borrower Borrowers shall provide all other documentation Lender reasonably requires to be delivered by Borrower Borrowers in connection with such release, together with an Officer's ’s Certificate certifying that such documentation (i) is in compliance with all Legal Requirements, and (ii) will effect such release in accordance with the terms of this Agreement. Borrower Borrowers shall pay all out-of-pocket costs, taxes and expenses associated with the release of the Lien Liens of the MortgageMortgages, including Lender's ’s reasonable attorneys' ’ fees.

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of the Debt in accordance herewith, release or, if requested by Borrower, assign to Borrower's ’s designee (without any representation or warranty by and without any recourse against Lender whatsoever), the Lien of the Loan Documents if not theretofore released. In connection with the release of the Lien, Borrower shall submit to Lender, not less than thirty (30) days prior to the date of repayment (or such shorter time as is acceptable to Lender in its sole reasonable discretion), a release of Lien (and related Loan Documents) for execution by Lender. Such release shall be in a form appropriate in the jurisdiction in which the Property is located and contain standard provisions protecting the rights of the releasing lender. In addition, Borrower shall provide all other documentation Lender reasonably requires to be delivered by Borrower in connection with such release, together with an Officer's ’s Certificate certifying that such documentation (ia) is in compliance with all Legal Requirements, and (iib) will effect such release in accordance with the terms of this Agreement. Borrower shall pay all actual out-of-pocket costs, taxes Taxes and expenses associated with the release of the Lien of the Mortgage, including Lender's ’s reasonable attorneys' ’ fees.

Release on Payment in Full. Lender shall, upon the written request and at the expense of BorrowerBorrowers, upon payment in full of the Debt in accordance herewith, release or, if requested by Borrower, assign to Borrower's designee (without any representation or warranty by with the terms and without any recourse against Lender whatsoever), the Lien provisions of the Loan Documents if not theretofore releasedDocuments, release the Liens of the Mortgages and cause the trustees under the Mortgages to reconvey the Properties to Borrowers. In connection with the release of the LienLiens, each Borrower shall submit to Lender, not less than thirty (30) days prior to the date of repayment Repayment Date (or such shorter time as is acceptable to Lender in its sole reasonable discretion), a release of Lien (and related Loan Documents) for execution by Lender. Such release shall be in a form appropriate in the jurisdiction in which the Property is Properties are located and contain standard provisions protecting the rights of the releasing lender. In addition, Borrower Borrowers shall provide all other documentation Lender reasonably requires to be delivered by Borrower Borrowers in connection with such release, together with an Officer's ’s Certificate certifying that such documentation (i) is in compliance with all Legal Requirements, and (ii) will effect such release in accordance with the terms of this Agreement. Borrower Borrowers shall pay all out-of-pocket costs, taxes and expenses associated with the release of the Lien Liens of the MortgageMortgages, including Lender's ’s reasonable attorneys' ’ fees.. Table of Contents

Release on Payment in Full. Lender shall, upon the written request and at the expense of BorrowerBorrowers, upon payment in full of the Debt in accordance herewith, release or, if requested by BorrowerBorrowers, assign to Borrower's Borrowers' designee (without any representation or warranty by and without any recourse against Lender whatsoever), ) the Lien Liens of the Loan Documents if not theretofore released. In connection with the release releases of the LienLiens, Borrower Borrowers shall submit to Lender, not less than thirty fifteen (3015) days prior to the date of repayment (or such shorter time as is acceptable to Lender in its sole discretion), a release releases of Lien Liens (and related Loan Documents) for execution by Lender. Such release releases shall be in a form appropriate in the jurisdiction in which the Property is Properties are located and contain standard provisions protecting the rights of the releasing lender. In addition, Borrower Borrowers shall provide all other documentation Lender reasonably requires to be delivered by Borrower Borrowers in connection with such releasereleases, together with an Officer's Certificate certifying that such documentation (ia) is in compliance with all Legal Requirements, and (iib) will effect such release releases in accordance with the terms of this Agreement. Borrower Borrowers shall pay all costs, taxes Taxes and expenses actually incurred associated with the release releases of the Lien Liens of the MortgageMortgages, including Lender's reasonable attorneys' fees.

Release on Payment in Full. Lender shall, upon the written request and at the expense of BorrowerBorrowers, upon payment in full of the Debt in accordance herewith, release or, if requested by BorrowerBorrowers, assign to Borrower's Borrowers’ designee (without any representation or warranty by and without any recourse against Lender whatsoever), the Lien Liens of the Loan Documents if not theretofore released. In connection with the release of the LienLiens, Borrower Borrowers shall submit to Lender, not less than thirty (30) days prior to the date of repayment (or such shorter time as is acceptable to Lender in its sole discretion), a release or assignment of Lien Xxxxx (and related Loan Documents) for execution by LenderXxxxxx. Such release or assignment shall be in a form appropriate in the jurisdiction in which the Property is Properties are located and contain standard provisions protecting the rights of the releasing releasing/assigning lender. In addition, Borrower Borrowers shall provide all other documentation Lender reasonably requires to be delivered by Borrower Borrowers in connection with such release, together with an Officer's ’s Certificate certifying that such documentation (i) is in compliance with all Legal Requirements, and (ii) will effect such release in accordance with the terms of this Agreement. Borrower Borrowers shall pay all costs, taxes and expenses associated with the release of the Lien Liens of the MortgageMortgages and the Pledge Agreement, including Lender's Xxxxxx’s reasonable attorneys' ’ fees.

Release on Payment in Full. Lender shall, upon the written request and at the expense of BorrowerBorrowers, upon payment or prepayment in full of the Debt in accordance herewith, release or, if requested by Borrower, assign to Borrower's designee (without any representation or warranty by with the terms and without any recourse against Lender whatsoever), the Lien provisions of the Loan Documents if not theretofore releasedDocuments, release the Liens of the Mortgages and cause the trustees under the applicable Mortgages to reconvey the Properties to Borrowers. In connection with the release of the LienLiens, each Borrower shall submit to Lender, not less than thirty ten (3010) days Business Days prior to the date of repayment Repayment Date (or such shorter time as is acceptable to Lender in its sole discretion), a release of Lien (and related Loan Documents) for execution by Lender. Such release shall be in a form appropriate in the jurisdiction in which the Property is Properties are located and contain standard provisions protecting the rights of the releasing lender. In addition, Borrower Borrowers shall provide all other documentation Lender reasonably requires to be delivered by Borrower Borrowers in connection with such release, together with an Officer's ’s Certificate certifying that such documentation (i) is in compliance with all Legal Requirements, and (ii) will effect such release in accordance with the terms of this Agreement. Borrower Borrowers shall pay all reasonable out-of-pocket costs, taxes and expenses associated with the release of the Lien Liens of the MortgageMortgages, including Lender's ’s reasonable attorneys' ’ fees.