Parcel Release definition

Parcel Release has the meaning given to such term in Section 4.2(b).
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Examples of Parcel Release in a sentence

  • If the Parcel subject to the Parcel Release is an Income Producing Parcel, the Borrower shall make a principal prepayment of the Loans equal to 100% of the Net Cash Proceeds received by the Borrower or any Guarantor from the sale of such Income Producing Parcel.

  • Subject to the first sentence of this Section 4.2(c), above, and clause (iv), below, if the Parcel subject to the Parcel Release is an Income Producing Parcel, the Borrower shall make a principal prepayment of the Loans equal to 100% of the Net Cash Proceeds received by the Borrower or any Guarantor from the sale of such Income Producing Parcel.

  • For the avoidance of doubt, any amounts required to be prepaid (or deposited into the First Lien Designated Collateral Proceeds Account) under the First Lien Credit Agreement in connection with a Property Release or Parcel Release shall reduce, on a dollar-for-dollar basis, the amounts required to be prepaid under this Agreement in order to effectuate such Parcel Release or Property Release, as applicable.

  • The “Cardholder Copy” of each Charge Slip shall be delivered to the Cardholder at the time of the transaction if the Cardholder is in the store.

  • Lender shall, upon the written request and at the expense of Borrower, upon satisfaction of the Out Parcel Release Conditions and Section 2.8 of this Loan Agreement, release the Lien of the Mortgage and the other Loan Documents against the applicable Out Parcel.

  • As a result of the application of the Mezzanine Prepayments to the partial prepayment of the Original Acquisition Loan on November 6, 2007, and the partial prepayment made with the Release Parcel Release Price in connection with the sale of certain property by Adjacent Borrower, the Original Acquisition Loan is now in the reduced amount of $364,810,499.71 (the “Reduced Acquisition Loan”).

  • Upon the release of any Release Parcel in accordance with this Section 2.5.6, the Adjusted Release Amount of the related Individual Property shall be reduced by the Parcel Release Price.

  • On August 1, 2008, Borrower prepaid a portion of the Loan with the Release Parcel Release Price received in connection with the sale of certain property by Adjacent Borrower, resulting in an Outstanding Principal Balance of $88,978,170.66.

  • The terms of the Mortgage or other Underlying Loan Documents do not provide for release of any material portion of the Mortgaged Property from the lien of the Mortgage except (i) a partial release, accompanied by principal repayment in the amount of the Required Release Price or Required Parcel Release Price (each, as defined in the Underlying Loan Agreement), as applicable, (ii) upon payment in full of the Underlying Loan, or (iii) as required pursuant to an order of condemnation.

  • On August 1, 2008, Borrower prepaid a portion of the Loan with the Release Parcel Release Price received in connection with the sale of certain property by Adjacent Borrower, resulting in an Outstanding Principal Balance of $57,835,810.93.

Related to Parcel Release

  • Conditional release means a revocable modification of a

  • General Release has the meaning stated in Section 6.03.

  • Mutual Release means the General Mutual Release substantially in the form attached hereto as Exhibit B in all material respects.

  • Waiver and Release means the Waiver and Release attached hereto as Exhibit A.

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit A (as the same may be revised from time to time by the Company upon the advice of counsel).

  • Release Agreement means an agreement, substantially in a form approved by the Company, pursuant to which Executive releases all current or future claims, known or unknown, arising on or before the date of the release against the Company, its subsidiaries and its officers.

  • Environmental Release means any spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, disposing or migration into the environment.

  • Collateral Release Date has the meaning given that term in Section 8.10.(b).

  • Collateral Release Period means, each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.

  • Deed of Release has the meaning set out in the Restructuring Implementation Deed;

  • Environmental Releases means releases as defined in CERCLA or under any applicable state or local environmental law or regulation.

  • Accidental release means an unanticipated emission of a regulated substance or other extremely hazardous substance into the ambient air from a stationary source.

  • Work release means a program of partial confinement

  • Current Release means that version of the Product installed on the Equipment at the Commencement Date and any modifications to it or if a new Release is available, that new Release installed on the Equipment and any modifications to it;

  • Restriction Release Date means such date, after the Effective Date, that the Board of Directors determines in good faith that it is in the best interests of the Corporation and its stockholders for the transfer restrictions set forth in this Article 4 to terminate.

  • Pre-Release shall have the meaning set forth in Section 2.09.

  • Minor Release means an incremental release of Software that provides maintenance fixes and additional Software functions. Cisco designates Minor releases as a change in the tenths digit of the Software version number [x.

  • Earned release means earned release from confinement as

  • Release Property has the meaning set forth in Section 2.5.

  • SHIPPING RELEASE means the document issued by the inspector or the inspection agency nominated by the Purchaser authorising the Contractor to ship the Stores on satisfactory completion of inspection.

  • Released Property shall have the meaning set forth in Section 2.5.2 hereof.

  • Landlord Waiver means a letter in form and substance reasonably acceptable to the Administrative Agent and executed by a landlord in respect of Inventory of a Loan Party located at any leased premises of a Loan Party pursuant to which such landlord, among other things, waives or subordinates on terms and conditions reasonably acceptable to the Administrative Agent any Lien such landlord may have in respect of such Inventory.

  • New Release means a modified or enhanced version of a Licensed Product that is designated by PTC as a new release of that product and that PTC makes generally available to its Maintenance Services customers.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Escrow Release Date has the meaning set forth in the Escrow Agreement.

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).