Partial Release Date definition

Partial Release Date shall have the meaning set forth in Section 5.12(c).
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Partial Release Date has the meaning set forth in Section 10.03 of this Loan Agreement.
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Partial Release Date has the meaning assigned in Section 2.12.
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Examples of Partial Release Date in a sentence

  • In the event that any Conversion Release Date, Partial Release Date, Full Release Date (collectively, the "RELEASE" and, the date of such Release, the "RELEASE DATE") is not a Business Day (as defined herein), then such Release shall be deemed to be the next Business Day.

  • Borrower must provide not less than thirty (30) days prior written notice to Lender requesting a Partial Release and identifying the Release Property and date upon which it desires to have the Release Property released ("Partial Release Date").

  • In connection with the release of the Lien, Borrower shall submit to Lender, not less than thirty (30) days prior to the Partial Release Date or BRU Premises Release Date, as pplicable, (or such shorter time as is acceptable to Lender in its sole discretion), a release of Lien (and related Loan Documents) for execution by Lender.

  • In the event the right of offset is extended past the First Partial Release Date, Second Partial Release Date and/or Final Release Date because a claim is in dispute, Contingent Cash Consideration having a value equal to that amount which is 130 percent of the amount of the claim asserted by Buyer shall continue to be held back by Buyer past the First Partial Release Date, Second Partial Release Date and/or Final Release Date until such claim is resolved.

  • On the date which is 270 days after the Closing Date ("Partial Release Date"), the parties shall direct the General Escrow Agent in writing to release to Sellers the Excess Cash (as hereinafter defined).


More Definitions of Partial Release Date

Partial Release Date has the meaning set forth in Section 4.2(a) hereof.
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Partial Release Date has the meaning assigned to such term in Section 2.6(1)(a)(i).
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Partial Release Date means the date on which a partial release shall occur pursuant to Section 2.6.2 hereof.
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Partial Release Date. As defined in Section 4.11 hereof.
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Partial Release Date has the meaning set forth in Section 2.3.1.
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Partial Release Date shall have the meaning set forth in Section 6.7 hereof. “Partial Release Minimum Debt Yield” shall mean ten percent (10.0%). “Partial Release Minimum LTV” shall mean forty-four percent (44.0%). “Partial Release Price” shall mean (a) with respect to the Individual Property known as Xxxxxxxxxx Heights, the greater of (i) $40,500,000.00 and (ii) the Partial Release Property Net Sale Proceeds for such Individual Property and (b) with respect to each Individual Property other than the Individual Property known as Xxxxxxxxxx Heights, the greater of (i) one hundred sixty percent (160%) of the Allocated Loan Amount for the applicable Partial Release Property and (ii) the Partial Release Property Net Sale Proceeds for the applicable Partial Release Property. “Partial Release Property” shall mean each Individual Property that is the subject of a Partial Release as set forth herein. “Partial Release Property Net Sale Proceeds” shall mean, in connection with the Partial Release of the Partial Release Property, the value of all consideration received by Borrower in connection with the sale of such Partial Release Property, including cash, notes, assumed indebtedness, deferred payments (contingent or otherwise), prepaid expenses and non-
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Partial Release Date shall have the meaning set forth in Section 6.7 hereof. “Partial Release Minimum Debt Yield” shall mean ten percent (10.0%). “Partial Release Minimum LTV” shall mean forty-four percent (44.0%). “Partial Release Price” shall mean (a) with respect to the Individual Property known as Xxxxxxxxxx Heights, the greater of (i) $40,500,000.00 and (ii) the Partial Release Property Net Sale Proceeds for such Individual Property and (b) with respect to each Individual Property other than the Individual Property known as Xxxxxxxxxx Heights, the greater of (i) one hundred sixty percent (160%) of the Allocated Loan Amount for the applicable Partial Release Property and (ii) the Partial Release Property Net Sale Proceeds for the applicable Partial Release Property. “Partial Release Property” shall mean each Individual Property that is the subject of a Partial Release as set forth herein. “Partial Release Property Net Sale Proceeds” shall mean, in connection with the Partial Release of the Partial Release Property, the value of all consideration received by Borrower in connection with the sale of such Partial Release Property, including cash, notes, assumed indebtedness, deferred payments (contingent or otherwise), prepaid expenses and non- customary prorations in favor of Borrower, less the reasonable and actual costs and expenses of such sale reasonably approved by Xxxxxx, including broker’s commissions payable to a third party Person that is not an Affiliate of any Restricted Party which Person is reasonably acceptable to Lender under a marketing agreement reasonably acceptable to Lender, market rate sales and marketing expenses payable to Lender-approved third party sales and marketing service providers that are not Affiliates of any Restricted Party, legal fees and transfer, sales and recording taxes (but excluding income taxes attribute to such sale), all of which costs and expenses shall not exceed (a) four percent (4%) of the gross contract price with respect to any such sale where the gross contract price is equal to or greater than $10,000,000.00 other than the sale of the Individual Property known as Commerce Plaza at Hillcrest, (b) five percent (5%) of
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