Common use of Right to Substitutions Clause in Contracts

Right to Substitutions. Subject to the terms and conditions of this Article 3 and the limitations sets forth in Section 15.17, Borrower shall have the right to obtain the release of the Mortgaged Property securing the Term Loan made to such Borrower by replacing such Mortgaged Property with a Multifamily Residential Property that meets the requirements of this Agreement (the “Substitute Mortgaged Property”) thereby effecting a “Substitution” of Collateral.

Right to Substitutions. Subject to the terms and conditions of this Article 3 and the limitations sets set forth in Section 15.17, Borrower shall have the right to obtain the release of the Mortgaged Property securing the Term Loan Advances made to such Borrower by replacing such Mortgaged Property with a Multifamily Residential Property one or more Rental Properties that meets meet the requirements of this Agreement (the “Substitute Mortgaged Property”) thereby effecting a “Substitution” of Collateral.

Right to Substitutions. Subject to the terms and conditions of this Article 3 and the limitations sets forth in Section 15.17, Borrower shall have the right to obtain the release of the Mortgaged Property securing the Term Loan Advances made to such Borrower by replacing such Mortgaged Property with a Multifamily Residential Property one or more Rental Properties that meets meet the requirements of this Agreement (the “Substitute Mortgaged Property”) thereby effecting a “"Substitution” of Collateral.

Right to Substitutions. Subject to the terms and conditions of this Article 3 and the limitations sets forth in Section 15.17, Borrower shall have the right to obtain the release of the Mortgaged Property securing the Term Loan Advances made to such Borrower by replacing such Mortgaged Property with a Multifamily Residential Property that meets the requirements of this Agreement (the “Substitute Mortgaged Property”) thereby effecting a “Substitution” of Collateral.. Master Credit Facility Agreement Camden 2008

Right to Substitutions. Subject to the terms and conditions of this Article 3 and the limitations sets forth in Section 15.17, Borrower shall have the right to obtain the release of the Mortgaged Property securing the Term Loan Advances made to such Borrower by replacing such Mortgaged Property with a Master Credit Facility Agreement Camden 2008 Multifamily Residential Property that meets the requirements of this Agreement (the “Substitute Mortgaged Property”) thereby effecting a “Substitution” of Collateral.

Right to Substitutions. Subject to the terms and conditions of this Article 3 and the limitations sets set forth in Section 15.17, Borrower shall have the right to obtain the release of the Mortgaged Property securing the Term Loan made to such Borrower (the “Release Mortgaged Property”) by replacing such Mortgaged Property with a Multifamily Residential Property Seniors Housing Facility that meets the requirements of this Agreement (the “Substitute Mortgaged Property”) thereby effecting a “Substitution” of Collateral.

Right to Substitutions. Subject to the terms and conditions of this Article 3 and the limitations sets forth in Section 15.17, Borrower shall have the right to obtain the release of the Mortgaged Property securing the Term Loan made to such Borrower by replacing such Mortgaged Property with a Multifamily Residential Property that meets the requirements of this Agreement (the “Substitute Mortgaged Property”) thereby effecting a “Substitution” of Collateral.. Master Credit Facility Agreement Camden 2009