Common use of Releases of Properties Clause in Contracts

Releases of Properties. Except as expressly set forth below in this Section 7.22, Agent shall have no obligation to release any of the Properties (or any portion thereof) until the Loan and all other Obligations have been paid in full and all obligations of Agent and Lenders under this Agreement and the other Loan Documents have terminated. Borrower shall be entitled to obtain the release of a Property, and as to Properties that contain more than one building and are legally sub-divided, a portion of such Property containing a building (each, a "Release Property"), from the lien of the Loan Documents, provided that all of the following conditions are satisfied:

Releases of Properties. Except as expressly set forth below in this Section 7.22, Agent shall have no obligation to release any of the Properties (or any portion portions thereof) until the Loan and all other Obligations have been paid in full and all obligations of Agent and Lenders under this Agreement and the other Loan Documents have terminated. Borrower shall be entitled to obtain the release of a Property, and as to Properties that contain more than one building and are legally sub-divided, a portion of such Property containing a building (or portions thereof) (each, a "“Release Property"), ”) from the lien of the Loan Documents, provided that all of the following conditions are satisfied:

Releases of Properties. Except as expressly set forth below in this Section 7.22, Agent shall have no obligation to release any of the Properties (or any portion thereof) until the Loan and all other Obligations have been paid in full and all obligations of Agent and Lenders under this Agreement and the other Loan Documents have terminated. At any time after at least four (4) Properties are simultaneously securing the Loan (but at no time prior thereto unless Agent, in its sole discretion, has consented thereto), Borrower shall be entitled to obtain the release of a Property, and as to Properties that contain more than one building and are legally sub-divided, a portion of such Property containing a building (each, a "Release Property"), ) from the lien of the Loan Documents, provided that all of the following conditions are satisfied: