Examples of Property Release in a sentence
In the event that in connection with a Property Release, the Release Date occurs on a date other than a Payment Date, an amount equal to the Release Price prepaid on such Release Date shall be held by Holder in an interest bearing account and shall accrue interest for the benefit of Mezzanine Borrower to but excluding the Payment Date immediately following such Release Date, such interest to be disbursed by Holder to Mezzanine Borrower on the next succeeding Payment Date.
Delivery by the Borrower to the Administrative Agent of any such request shall constitute a representation by the Borrower that the foregoing conditions (both as of the date of such request and as of the date of such release) are true and correct with respect to such Property Release.
If this Contract expires, is completed, or is terminated, SELLER shall not be relieved of those obligations contained in the following clauses: Applicable Laws Counterfeit Work Disputes Electronic Contracting Export Control Indemnity Information of Lockheed Xxxxxx Insurance Intellectual Property Release of Information Retention of Records Use of Free, Libre and Open Source Software (FLOSS) U.
Each Property Release Prepayment and DSCR Satisfaction Prepayment, if any, delivered in connection with the release of an Individual Property shall be applied by Lender in accordance with Section 2.3 hereof on the day that Borrower satisfies all of the conditions set forth in this Section 2.5.1.
In addition, promptly after consummation of any such Property Release and Lender's receipt of the Defeasance Collateral, any and all Reserves designated as applicable to each released Property held by or on behalf of Lender shall be returned to the Borrowers.