Required Release Price Clause Samples
Required Release Price. As a condition to the effectiveness of any Property Release in accordance with Section 4.2(a) or any Parcel Release in accordance with Section 4.2(b), the Borrower shall prepay the Loans in accordance with the following procedures:
Required Release Price. Subject to the terms of the Intercreditor Agreement and from and after the First Lien Termination Date, as a condition to the effectiveness of any Property Release in accordance with Section 4.2(a) or any Parcel Release in accordance with Section 4.2(b), the Borrower shall prepay the Loans in accordance with the following procedures: