Permitted Release definition

Permitted Release means, with respect to a Pledged Timeshare Loan, a release of such Pledged Timeshare Loan from the Lien of this Agreement as contemplated by Section 2.15.

Permitted Release means 1 or more of the following:

Permitted Release shall have the meaning ascribed to it in ----------------- Article 2 hereof.

Examples of Permitted Release in a sentence

• If the Permitted Release Date has occurred but the Defeasance Expiration Date has not occurred, the Debt may be prepaid in whole (but not in part) prior to the date permitted under Section 2.4.1 hereof upon not less than thirty (30) days prior written notice to Lender specifying the Payment Date on which prepayment is to be made (a “Prepayment Date”) provided no Event of Default exists and upon payment of an amount equal to the Yield Maintenance Premium.

• An exceedance of either (i) the emission limits in the tables below, or (ii) the emissions limits developed for this permit due to an emergency, malfunction, or cleaning shall not be deemed a "Federally Permitted Release," as that term is used in 42 U.S.C. 9601(10).

• Borrower shall have the right at any time during the period, if any, following the occurrence of the Permitted Release Date until the Permitted Defeasance Date (hereinafter defined), to prepay the Debt in whole (but not in part) upon not less than thirty (30) days and not more than ninety (90) days prior written notice to Lender specifying the projected date of prepayment and upon payment of an amount equal to the Yield Maintenance Premium.

• In addition to the foregoing, if any such payment is made prior to the Permitted Release Date, Borrower shall also pay an amount equal to two percent (2%) of the outstanding principal amount of the Loan to be prepaid or satisfied.

• As a condition precedent to ---------------------------------- Lender's release of the lien of the Applicable Mortgage, Borrower shall pay to Lender the Release Price in immediately available funds, and shall pay all reasonable fees, costs and expenses incurred by Lender in connection with such Permitted Release, including, but not limited to, attorneys' fees, whether or not such transaction closes.

More Definitions of Permitted Release

Permitted Release shall have the meaning given such term in Section 5.10. "person" shall mean any natural person, corporation, business trust, joint venture, association, company, partnership, limited liability company or government, or any agency or political subdivision thereof. "Plan" shall mean any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 307 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an "employer" as defined in Section 3(5)

Permitted Release means a release occurring under the authority of a valid permit issued by the department or by the Environmental Protection Agency;

Permitted Release means any release and distribution to a Business Unit Account from (i) the Project Proceeds Account of either (A) the proceeds from a Project Disposition/Refinancing in respect of an Excluded Project Company that shall have been deposited into the Projects Proceeds Account under Section 5.18(f)(i) (after giving effect to any required transfer of all or a portion of such funds into Module Replacement Reserve Account as set forth in such Section 5.18(f)(ii)) or (B) a distribution of funds from an Excluded Project Company or an Existing Foreign Subsidiary that shall have been deposited into the Project Proceeds Account under Section 5.18(f)(iii) or (ii) the Net Available Amount of a Disposition of any Existing Foreign Subsidiary or Excluded Project Company that shall have been deposited into the Mandatory Prepayment Account under Section 5.18(h)(i).

Permitted Release means the release of a Release Property which is not a Limited Cure Release, an Affected Property Release or an Unlicensed Facility Release and which is effectuated in accordance with the applicable provisions of Section 2.6 hereof; provided that the Allocated Loan Amount for such Release Property, when taken together with the Allocated Loan Amounts in respect of all Release Properties previously released pursuant to Permitted Releases, Limited Cure Releases, Affected Property Releases and Unlicensed Facility Releases does not exceed, in the aggregate, the Permitted Release Threshold.

Permitted Release as defined in Section 2.15(a).

Permitted Release means a press release announcing the purchase and sale of the Property and the resulting ownership and control of the Property so long as the release does not, except to the extent required by applicable law, disclose or reference (x) the sale price or any other economic terms relating to the Property or the sale of the Property, (y) the identity of the Seller or its affiliates or any identifying information relating to Seller and its affiliates (unless specifically pre-approved in writing by Seller in Seller’s sole discretion), or (z) any of the Excluded IP (unless specifically pre-approved in writing by Seller in Seller’s sole discretion). Notwithstanding the foregoing, any press release other than a Permitted Release issued by either Seller or Buyer shall be subject to the review and approval of the other party hereto (which approval shall not be unreasonably withheld, conditioned or delayed).

Permitted Release means a Release made in accordance with Section 2.7 of this Agreement.