Release Parcel Release Price definition

Release Parcel Release Price shall have the meaning assigned to such term in the Mortgage Loan Agreement.
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Release Parcel Release Price shall have the meaning set forth in Section 2.5.1(a)(vi) hereof.
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Release Parcel Release Price means 115% of the amount (if any) required such that the loan-to-value ratio of the remaining Mortgaged Property, based on a current appraisal, does not exceed 56%.
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Examples of Release Parcel Release Price in a sentence

  • On August 1, 2008, Borrower prepaid a portion of the Loan with the Release Parcel Release Price received in connection with the sale of certain property by Adjacent Borrower, resulting in an Outstanding Principal Balance of $177,956,341.32.

  • On August 1, 2008, Borrower prepaid a portion of the Loan with the Release Parcel Release Price received in connection with the sale of certain property by Adjacent Borrower, resulting in an Outstanding Principal Balance of $88,978,170.66.

  • As a result of the application of the Mezzanine Prepayments to the partial prepayment of the Original Acquisition Loan on November 6, 2007, and the partial prepayment made with the Release Parcel Release Price in connection with the sale of certain property by Adjacent Borrower, the Original Acquisition Loan is now in the reduced amount of $364,810,499.71 (the “Reduced Acquisition Loan”).

  • On August 1, 2008, Borrower prepaid a portion of the Loan with the Release Parcel Release Price received in connection with the sale of certain property by Adjacent Borrower, resulting in an Outstanding Principal Balance of $57,835,810.93.