PARTIAL RELEASE NOTICE definition
PARTIAL RELEASE NOTICE has the meaning set forth in Section 2.4 hereof.
PARTIAL RELEASE NOTICE. A written notice requesting the release of a Release Parcel from the lien of the Deed of Trust, which written notice shall (i) describe the Release Parcel to be released, including a metes and bounds description of such Release Parcel, (i) state the date such Release Parcel is expected to be released and sold or financed, and (iii) state, if applicable, the price for which such Release Parcel is to be sold and the purchaser to whom such Release Parcel is to be sold; together with information necessary for Lender to process the partial release, including the name and address of the Title Company, if any, to whose attention the partial release instrument and instructions relating thereto should be directed, the relevant sales contract or information on construction financing, as applicable, and the closing statement pertaining to the applicable sale or construction financing.
PARTIAL RELEASE NOTICE. Reduced Loan Amount", "Remaining Time", "Special Current Rate", "Special Prepayment", "Special Prepayment Date", "Special Prepayment Fee", "Special Prepayment Notice" and "Special Reduced Loan ▇▇▇▇▇▇".
More Definitions of PARTIAL RELEASE NOTICE
PARTIAL RELEASE NOTICE has the meaning assigned in Section 2.9.