Partial Release Conditions definition

Partial Release Conditions has the meaning provided in Section 7.13(C).

Partial Release Conditions means Partial Release Conditions as defined in Paragraph 29(b).

Partial Release Conditions means each of the following conditions:

Examples of Partial Release Conditions in a sentence

• Agent and Lenders agree that Agent shall release its security interest and Liens on the Real Estate and Equipment upon Borrower's satisfaction of the Partial Release Conditions, as determined by Agent and Lenders in their sole discretion.

• Permitted Fixed Asset Loan - after the satisfaction of the Partial Release Conditions, Debt for Money Borrowed incurred by Borrower to a Person other than Agent and Lenders that is secured by a Permitted Fixed Asset Lien only.

• Should any Borrower’s Released Project satisfy the Partial Release Conditions under Article XI below, upon the payment of the Release Amount to Bank, (i) the required $32,500.00 monthly deposit to the TI/LC Reserve Account shall be reduced by such Release Project’s Allocable Percentage, and (ii) Bank shall make a determination with respect to the disbursement of any of the balance of the TI/LC Reserve Account to Borrower for the release of the Released Project.

• Commencing with the satisfaction of the Partial Release Conditions (as set forth in Section 14.5), the amounts required to be deposited in the Tax and Insurance Reserve Fund may be adjusted on a quarterly basis by the Administrative Agent in its sole and absolute judgment.

• For Part 2 "All of the Time" responses were scored as 4 points, "Most of the Time" responses were scored as 3 points, "Sometimes" responses were scored as 2 points, "Hardly Ever" responses were scored as 1 point, and "None of the Time" and "N/A" responses were scored as 0 points.

More Definitions of Partial Release Conditions

Partial Release Conditions all of the following conditions with respect to a proposed release of a Property from the lien of the Mortgage:

Partial Release Conditions means, with respect to a Borrower Subsidiary or any assets of a Borrower Subsidiary, (i) the Minimum Payoff Amount has been deposited into the Takeout Transaction Account, as evidenced by a Borrowing Base Certificate delivered by the Borrower to Administrative Agent giving pro forma effect to such prepayments or additions, (ii) no Potential Default or Event of Default has occurred and is continuing, (iii) the amount on deposit in the Liquidity Reserve Account shall not be less than the Liquidity Reserve Account Required Balance, (iv) the amount on deposit in the Post-PTO Reserve Account shall not be less than the Post-PTO Reserve Account Required Balance, (v) the related Supplemental Reserve Account Deposit shall have been deposited into the Supplemental Reserve Account, taking into account the application of the Net Proceeds of the Takeout Transaction on the date of the consummation of such Takeout Transaction, and (vi) the Borrower and Borrower Subsidiaries have executed and delivered to the Administrative Agent instruments, certificates, and agreements required by the Transaction Documents and/or reasonably requested by the Administrative Agent in connection with the release of such assets, the prepayment of principal and payment of interest, and the release of a Borrower Subsidiary or Solar Assets, as applicable.

Partial Release Conditions means, with respect to a Subject Fund, (i) the Borrower has prepaid a portion of Outstanding Principal or added Subject Funds or Systems to the Available Borrowing Base in an amount such that Borrower will be in compliance with the Borrowing Base Requirement following (x) such prepayments or such additions, as applicable, and (y) the removal of the Net Cash Flow of the Subject Fund being released from the calculation of the Available Borrowing Base, as evidenced by a Borrowing Base Certificate delivered by Borrower to Administrative Agent giving pro forma effect to such prepayments or additions, (ii) the Borrower has paid any and all interest accrued as of the date of the release of such Subject Fund on the principal amount of the Loan being prepaid, as well as all other fees and expenses incurred in connection with such release, (iii) no Default or Event of Default has occurred and is continuing, (iv) no Repayment Event has occurred and is continuing, (v) each of the Interest Reserve Account and the Inspected-Only Reserve Account has been fully funded in an amount at least equal to the required reserve amount under the CADA, and (vi) the Borrower and Guarantors have executed and delivered to the Administrative Agent instruments, certificates, and agreements required by the Financing Documents and/or reasonably requested by the Administrative Agent in connection with the release of such Subject Fund, the prepayment of principal and payment of interest, and the addition of Subject Funds or Systems, as applicable.

Partial Release Conditions has the meaning assigned to such term in the Mortgage Loan Agreement.

Partial Release Conditions means, with respect to a Borrower Subsidiary or any assets of a Borrower Subsidiary, (i) an amount equal to the sum of the Minimum Payoff Amount and the Holdco Minimum Payoff Amount has been deposited into the Takeout Transaction Account, as evidenced by (x) with respect to the Holdco Minimum Payoff Amount, the related Holdco Minimum Payoff Amount Notice and (y) with respect to the Minimum Payoff Amount, a Borrowing Base Certificate delivered by the Borrower to Administrative Agent giving pro forma effect to such prepayments or additions, (ii) no Potential Default or Event of Default has occurred and is continuing, (iii) the amount on deposit in the Liquidity Reserve Account shall not be less than the Liquidity Reserve Account Required Balance, (iv) the amount on deposit in the Post-PTO

Partial Release Conditions set forth in Exhibit A of the Credit Agreement is hereby amended by deleting clause (i) thereof in its entirety and replacing it with the following:

Partial Release Conditions as set forth in Schedule 1.1 of the Credit Agreement is hereby amended so that it reads, in its entirety, as follows: