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 all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of this Loan Agreement, release the Lien of the Mortgage on the Property not theretofore released.

Appears in 35 contracts

Samples: Loan Agreement (Highlands REIT, Inc.), Loan Agreement (Highlands REIT, Inc.), Loan Agreement (Highlands REIT, Inc.)

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Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage on the Property not theretofore released.

Appears in 8 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 on Payment in Full. Lender shall, upon the written -------------------------- request and at the expense of BorrowerBorrower (including reasonable attorneys' fees and expenses), upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage on the each Individual Property not theretofore released.

Appears in 4 contracts

Samples: Loan Agreement (Capital Automotive Reit), Loan Agreement (Capital Automotive Reit), Loan Agreement (Capital Automotive Reit)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of this Loan Agreementthereof, release the Lien of the Mortgage on and the Property other Loan Documents if not theretofore released.

Appears in 2 contracts

Samples: Loan Agreement (Prime Group Realty Trust), Loan Agreement (Prime Group Realty Trust)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage on the Property not theretofore released.

Appears in 2 contracts

Samples: Loan Agreement (Urban Shopping Centers Inc), Loan Agreement (Urban Shopping Centers Inc)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, and upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage on the each Individual Property not theretofore released.

Appears in 2 contracts

Samples: Loan Agreement (Entertainment Properties Trust), Loan Agreement (Entertainment Properties Trust)

Release on Payment in Full. Lender shall, upon the written -------------------------- request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien Liens of the Mortgage on the Property Mortgages not theretofore released.

Appears in 2 contracts

Samples: Loan Agreement (Prentiss Properties Trust/Md), Loan Agreement (Prentiss Properties Trust/Md)

Release on Payment in Full. Lender shall, upon the written request and at the expense of BorrowerBorrowers, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of this Loan Agreement, thereof release the Lien Liens of the Mortgage on Mortgages and the Property other Loan Documents if not theretofore released.

Appears in 1 contract

Samples: Loan Agreement (Horizon Group Properties Inc)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage Mortgages on the Property not theretofore releasedProperties. Borrower shall pay to Lender all reasonable administrative and legal costs incurred in connection with such release.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Reit I Inc)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 2.3.1(a) or 2.3.1(c) of this Loan Agreement, release the Lien of the Mortgage Mortgages on the Property Properties not theretofore released.

Appears in 1 contract

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

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Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of this Loan Agreement, release the Lien of the Mortgage on the Property not theretofore released.

Appears in 1 contract

Samples: Loan Agreement (Inland American Real Estate Trust, Inc.)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 23.1 of this Loan Agreement, release the Lien of the Mortgage Mortgages on the Property Properties not theretofore released.

Appears in 1 contract

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

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien Liens of the Mortgage on the Property Mortgages not theretofore released.

Appears in 1 contract

Samples: Loan Agreement (Malan Realty Investors Inc)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of this Loan Agreement, release the Lien of the Mortgage Mortgages on the Property Properties not theretofore released.

Appears in 1 contract

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

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment payment\ in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage on the Property not theretofore releasedProperty. Borrower shall pay to Lender all reasonable administrative and legal costs incurred in connection with such release.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Reit I Inc)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of this Loan Agreement, release the Lien Liens of the Mortgage Mortgages on the Property Properties not theretofore released.

Appears in 1 contract

Samples: Loan Agreement (Inland American Real Estate Trust, Inc.)

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