Common use of Property Releases Clause in Contracts

Property Releases. Mortgage Borrower may obtain the release of an Individual Property from the Lien of the Mortgage thereon (and related Mortgage Loan Documents) pursuant to Section 2.9 of the Mortgage Loan Agreement, and Senior Mezzanine Borrower may obtain the release of a portion of the Senior Mezzanine Collateral related to such Individual Property (other than those expressly stated to survive) pursuant to Section 2.9 of the Senior Mezzanine Loan Agreement, upon the satisfaction of each of the following conditions:

Appears in 4 contracts

Samples: Junior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc), Junior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc), Junior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc)

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