Partial Release. The term “Partial Release” shall mean a release of ▇▇▇▇▇▇’s lien on a specific portion of the Property, which shall be granted, executed and delivered by Lender only upon satisfaction of all requirements of Lender, which may include repayment of all Advances of the Loan made by ▇▇▇▇▇▇ for the portion of the Property and other charges due under such Loan, if any, with respect to such portion of the Property, as determined by ▇▇▇▇▇▇, in Lender’s reasonable discretion.
Appears in 5 contracts
Sources: Construction Loan Agreement (MCI Income Fund VII, LLC), Construction Loan Agreement (MCI Income Fund VII, LLC), Construction Loan Agreement (MCI Income Fund VII, LLC)
Partial Release. The term “"Partial Release” " shall mean a release of ▇▇▇▇▇▇’s 's lien on a specific portion of the Property, which shall be granted, executed and delivered by Lender only upon satisfaction of all requirements of Lender, which may include repayment of all Advances of the Loan made by ▇▇▇▇▇▇ for the portion of the Property and other charges due under such Loan, if any, with respect to such portion of the Property, as determined by ▇▇▇▇▇▇, in Lender’s 's reasonable discretiondiscretion . 31.
Appears in 1 contract
Sources: Construction Loan Agreement (MCI Income Fund VII, LLC)