Common use of Right to Release Any Portion of the Property Clause in Contracts

Right to Release Any Portion of the Property. Lender may release any portion of the Property for such consideration as Lender may require without, as to the remainder of the Property, in any way impairing or affecting the lien or priority of this Mortgage, or improving the position of any subordinate lienholder with respect thereto, except to the extent that the obligations hereunder shall have been reduced by the actual monetary consideration, if any, received by Lender for such release, and may accept by assignment, pledge or otherwise any other property in place thereof as Lender may require without being accountable for so doing to any other lienholder. This Mortgage shall continue as a lien and security interest in the remaining portion of the Property.

Appears in 13 contracts

Samples: Security Agreement and Fixture (Moody National REIT I, Inc.), Security Agreement (Inland Real Estate Income Trust, Inc.), Security Agreement and Fixture Filing (Inland Real Estate Income Trust, Inc.)

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Right to Release Any Portion of the Property. Lender may release any portion of the Property for such consideration as Lender may require without, as to the remainder of the Property, in any way impairing or affecting the lien Lien or priority of this MortgageDeed of Trust, or improving the position of any subordinate lienholder with respect thereto, except to the extent that the obligations hereunder Debt shall have been reduced by the actual monetary consideration, if any, received by Lender for such release, and Lender may accept by assignment, pledge or otherwise any other property in place thereof as Lender may require without being accountable for so doing to any other lienholder. This Mortgage Deed of Trust shall continue as a lien Lien and security interest in the remaining portion of the Property.

Appears in 3 contracts

Samples: Security Agreement and Fixture Filing (Glimcher Realty Trust), Leases and Rents and Security Agreement (Horizon Group Properties Inc), Horizon Group Properties Inc

Right to Release Any Portion of the Property. Lender Beneficiary may release any portion of the Property for such consideration as Lender Beneficiary may require without, as to the remainder of the Property, in any way impairing or affecting the lien Lien or priority of this MortgageDeed of Trust, or improving the position of any subordinate lienholder with respect thereto, except to the extent that the obligations hereunder Debt shall have been reduced by the actual monetary consideration, if any, received by Lender Beneficiary for such release, and Beneficiary may accept by assignment, pledge or otherwise any other property in place thereof as Lender Beneficiary may require without being accountable for so doing to any other lienholder. This Mortgage Deed of Trust shall continue as a lien Lien and security interest in the remaining portion of the Property.

Appears in 2 contracts

Samples: Security Agreement (Terra Tech Corp.), Security Agreement (Terra Tech Corp.)

Right to Release Any Portion of the Property. Lender Grantee may release any portion of the Property for such consideration as Lender Grantee may require without, as to the remainder of the Property, in any way impairing or affecting the lien Lien or priority of this MortgageDeed to Secure Debt, or improving the position of any subordinate lienholder with respect thereto, except to the extent that the obligations hereunder Debt shall have been reduced by the actual monetary consideration, if any, received by Lender Grantee for such release, and Grantee may accept by assignment, pledge or otherwise any other property in place thereof as Lender Grantee may require without being accountable for so doing to any other lienholder. This Mortgage Deed to Secure Debt shall continue as a lien Lien and security interest in the remaining portion of the Property.

Appears in 1 contract

Samples: And Security Agreement (Carter Validus Mission Critical REIT, Inc.)

Right to Release Any Portion of the Property. Lender may release any portion of the Property for such consideration as Lender may require without, as to the remainder of the Property, in any way impairing or affecting the lien or priority of this MortgageDeed of Trust, or improving the position of any subordinate lienholder with respect thereto, except to the extent that the obligations hereunder shall have been reduced by the actual monetary consideration, if any, received by Lender for such release, and may accept by assignment, pledge or otherwise any other property in place thereof as Lender may require without being accountable for so doing to any other lienholder. This Mortgage Deed of Trust shall continue as a lien and security interest in the remaining portion of the Property.

Appears in 1 contract

Samples: And Security Agreement (TNP Strategic Retail Trust, Inc.)

Right to Release Any Portion of the Property. Lender may release any portion of the Property for such consideration as Lender may require without, as to the remainder of the Property, in any way impairing or affecting the lien or priority of this MortgageDeed of Trust, or improving the position of any subordinate lienholder with respect thereto, except to the extent that the obligations hereunder Debt shall have been reduced by the actual monetary consideration, if any, received by Lender for such release, and may accept by assignment, pledge or otherwise any other property in place thereof as Lender may require without being accountable for so doing to any other lienholder. This Mortgage Deed of Trust shall continue as a lien and security interest in the remaining portion of the Property.

Appears in 1 contract

Samples: Moody National REIT I, Inc.

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Right to Release Any Portion of the Property. Lender Lenders may release any portion of the Property for such consideration as Lender Lenders may require without, as to the remainder of the Property, in any way impairing or affecting the lien or priority of this MortgageSecurity Document, or improving the position of any subordinate lienholder with respect thereto, except to the extent that the obligations hereunder shall have been reduced by the actual monetary consideration, if any, received by Lender Lenders for such release, and may accept by assignment, pledge or otherwise any other property in place thereof as Lender Lenders may require without being accountable for so doing to any other lienholderlien holder. This Mortgage Security Document shall continue as a lien and security interest in the remaining portion of the Property.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Fibercore Inc)

Right to Release Any Portion of the Property. Lender may release any portion of the Property for such consideration as Lender may require without, as to the remainder of the Property, in any way impairing or affecting the lien or priority of this Mortgage, or improving the position of any subordinate lienholder with respect thereto, except to the extent that the obligations hereunder Debt shall have been reduced by the actual monetary consideration, if any, received by Lender for such release, and Lender may accept by assignment, pledge or otherwise any other property in place thereof as Lender may require without being accountable for so doing to any other lienholder. This Mortgage shall continue as a lien Lien and security interest in the remaining portion of the Property.

Appears in 1 contract

Samples: TNP Strategic Retail Trust, Inc.

Right to Release Any Portion of the Property. Lender Beneficiary may release any portion of the Property for such consideration as Lender Beneficiary may require without, as to the remainder of the Property, in any way impairing or affecting the lien or priority of this MortgageDeed of Trust, or improving the position of any subordinate lienholder with respect thereto, except to the extent that the obligations hereunder shall have been reduced by the actual monetary consideration, if any, received by Lender Beneficiary for such release, and may accept by assignment, pledge or otherwise any other property in place thereof as Lender Beneficiary may require without being accountable for so doing to any other lienholder. This Mortgage Deed of Trust shall continue as a lien and security interest in the remaining portion of the Property.

Appears in 1 contract

Samples: Credit Agreement (CBL & Associates Properties Inc)

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