Common use of Partial Defeasance Clause in Contracts

Partial Defeasance. (a) Provided no Event of Default shall have occurred and remain uncured, Borrower shall have the right at any time after the Release Date and prior to Permitted Prepayment Date to voluntarily defease a portion of the Loan and obtain a release of the lien of the Mortgage as to any Individual Property by providing Lender with the Partial Defeasance Collateral (hereinafter, a “Partial Defeasance Event”) upon satisfaction of the following conditions precedent:

Partial Defeasance. (ai) Provided no Event of Default shall have occurred and remain uncured, Borrower shall have the right at any time after the Release Date and prior to Permitted Prepayment Date REMIC Prohibition Period to voluntarily defease a portion of the Loan and obtain a release of the lien of the Mortgage as to any Individual Property Parcel by providing Lender with the Partial Defeasance Collateral (hereinafter, a “Partial Defeasance Event”"PARTIAL DEFEASANCE EVENT") upon satisfaction of the following conditions precedent:

Partial Defeasance. (a) Provided no Event of Default shall have occurred and remain uncured, Borrower shall have the right at any time after the Release Permitted Defeasance Date and prior to the Permitted Par Prepayment Date to voluntarily defease a portion of the Loan and obtain a release of the lien of the Mortgage applicable Security Instrument as to any one or more Individual Property by providing Lender with the Partial Defeasance Collateral Properties (hereinafter, a “Partial Defeasance Event”) upon satisfaction of the following conditions precedent:

Partial Defeasance. (ai) Provided no Event of Default shall have occurred and remain uncured, Borrower shall have the right at any time after the Release Date and prior to Permitted Prepayment the Maturity Date to voluntarily defease a portion of the Loan and obtain a release of the lien of the Mortgage applicable Security Instrument as to any Individual Property one or more Eligible Release Parcels by providing Lender with the Partial Defeasance Collateral (hereinafter, a “"Partial Defeasance Event”") upon satisfaction of the following conditions precedent:

Partial Defeasance. (a) Provided no Event of Default shall have occurred and remain uncured, Borrower shall have the right at any time after the Release Prepayment Lockout Expiration Date and prior to Permitted Prepayment the Anticipated Repayment Date to voluntarily defease a portion of the Loan and obtain a release of the lien Lien of the a Mortgage as to any Individual Property by providing Lender with the or Mortgages encumbering one or more Collateral Properties (a "Partial Defeasance Collateral (hereinafter, a “Partial Defeasance Event”Defeasance") upon satisfaction of the following conditions precedentconditions:

Partial Defeasance. (ai) Provided no Event of Default shall have occurred and remain uncured, Borrower shall have the right at any time after the Release Permitted Defeasance Date and prior to the Permitted Par Prepayment Date to voluntarily defease a portion of the Loan and obtain a release of the lien of the Mortgage applicable Security Instrument as to any one or more Individual Property by providing Lender with the Partial Defeasance Collateral Properties (hereinafter, a “Partial Defeasance Event”) upon satisfaction of the following conditions precedent:

Partial Defeasance. (a) Provided no Event of Default shall have occurred and remain uncured, Borrower shall have the right at any time after the Release Prepayment Lockout Expiration Date and prior to Permitted Prepayment the Maturity Date to voluntarily defease a portion of the Loan and obtain a release of the lien Lien of a Mortgage or Mortgages and the Mortgage as to any Individual Property by providing Lender with the other related Loan Documents encumbering one or more Collateral Properties (a "Partial Defeasance Collateral (hereinafter, a “Partial Defeasance Event”Defeasance") upon satisfaction of the following conditions precedentconditions:

Partial Defeasance. (ai) Provided (1) no Event of Default shall have occurred and remain uncureduncured and (2) the Partial Defeasance Condition shall be satisfied, Borrower shall have the right at any time after the Release Permitted Defeasance Date and prior to the Permitted Par Prepayment Date to voluntarily defease a portion of the Loan and obtain a release of the lien of the Mortgage applicable Security Instrument as to any one or more Individual Property by providing Lender with the Partial Defeasance Collateral Properties (hereinafter, a “Partial Defeasance Event”) upon satisfaction of the following conditions precedent:

Partial Defeasance. (a) Provided no Event of Default shall have occurred and remain uncured, Borrower Borrowers shall have the right at any time after the Release Date and prior to the Permitted Prepayment Date Date, to voluntarily defease a portion of the Loan and obtain a release of the lien of the related Mortgage as to any encumbering one or more Individual Property Properties by providing Lender with the Partial Defeasance Collateral (hereinafter, a “Partial Defeasance Event”) upon satisfaction of the following conditions precedent: