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.

  • 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 $88,978,170.66.

  • 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.

Related to Release Parcel Release Price

  • Release Price As defined in Section 4.5(a).

  • Release Property shall have the meaning set forth in Section 2.6 hereof.

  • Collateral Release Period means each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.

  • Release Amount means, for a Property, the following applicable amount together with any other amounts specified in Section 2.4.4:

  • Collateral Release Date shall have the meaning provided in Section 10.15(d).

  • Released Property shall have the meaning set forth in Section 2.10 hereof.

  • Environmental Release means any spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, disposing or migration into the environment.

  • Landlord Waiver means a letter in form and substance reasonably acceptable to the Administrative Agent and executed by a landlord in respect of Inventory of a Loan Party located at any leased premises of a Loan Party pursuant to which such landlord, among other things, waives or subordinates on terms and conditions reasonably acceptable to the Administrative Agent any Lien such landlord may have in respect of such Inventory.

  • Sublease Payment means any payment required to be made by the District pursuant to Article 7 of the Sublease.

  • Environmental Releases means releases as defined in CERCLA or under any applicable state or local environmental law or regulation.

  • Escrow Release Conditions means, collectively, the conditions set forth in Section 4.3.

  • Release Period means the period specified in paragraph 3(d) of the letter of consent.

  • Escrow Release Date has the meaning set forth in Section 9.6.

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit L, with such amendments, modifications or supplements thereto as may be approved by the Administrative Agent.

  • Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.

  • Lease Payment means any form of payment, including a land lease, by a public entity to the private entity for the use of a qualifying project.

  • Deed of Release has the meaning set out in the Restructuring Implementation Deed;

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • emission allowance means a financial instrument as defined in point (11) of Section C of Annex I of Directive [new MiFID].

  • Individual Property means each parcel of real property, the Improvements thereon and all Personal Property owned by Mortgage Borrower and encumbered by a Mortgage, together with all rights pertaining to such Property and Improvements, as more particularly described in each Mortgage and referred to therein as the “Property”.

  • Seller Released Parties has the meaning ascribed to such term in Section 5.6(a).

  • Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.