Released Parcel definition
Examples of Released Parcel in a sentence
For the purposes of this Agreement, each such release of the Lien of the Mortgage and the other Loan Documents from the Substitution Released Parcel and the corresponding acquisition and encumbrance of the Substitution Acquired Parcel and satisfaction of the requirements of this Section 2.6(6) are herein referred to as a “Parcel Substitution”.
Released Parcel - paragraph 10(b) Remaining Parcel - paragraph 10(b) Termination Date - paragraph 11(b).
Notwithstanding anything to the contrary, the Real Property constituting the Honeywell Property shall not include the Released Parcel (as defined in the Honeywell Lease).
Acquiport ▇▇▇▇▇▇▇▇▇ Manager LLC Lexington Acquiport Company II, LLC Fee interest (excluding the Released Parcel) Honeywell, Inc.
Such Release Request shall contain the specific legal description of the portion of the Affiliate Property being requested to be released (the “Released Parcel”) along with a description of the specific intended use for the Released Parcel.
The Assessment Lien shall remain in full force and effect on the remainder of the Property not included in the Released Parcel, and without release of the future assessment obligations on the Released Parcel or Property.
Owner hereby consents to the release of the ▇▇▇▇ from the Released Parcel.
As long as no Event of Default has occurred and is continuing hereunder, and after the release of the Released Parcel, the Loan to value ratio is no more than 60% (using the value of the Cash Collateral, Project, and Sponsorship Fees and Activation Fund Proceeds) then, Lender shall release the requested Release Parcel from the lien of the Affiliate Mortgage.
Commencing with the 2025 special benefit and maintenance assessments (payable in 2026), Parkway East shall allocate such assessments proportionally between the Released Parcel and the remainder of the Property based on acreage.
Commencing February 2026, future special benefit and maintenance assessments shall be due and payable on the Released Parcel and Property.