Common use of Release Fee Clause in Contracts

Release Fee. Any fee or amount required to be paid by an Applicable Underlying Borrower to Borrower in consideration for the release of all or a portion of any Applicable Underlying Loan Collateral from the Lien of an Applicable Mortgage or any other Lien in favor of Borrower. For purposes of this Agreement, the term "Release Fee" shall include any other payments, however denominated, required to be made by an Applicable Underlying Borrower to Borrower upon the sale of an Interval at an Applicable Resort, pursuant to the Applicable Underlying Loan Documents.

Release Fee. Any fee or amount required to be paid by an Applicable Underlying Borrower to Borrower in consideration for the release of all or a portion of any Applicable Underlying Loan Collateral from the Lien of a Construction Mortgage or an Applicable Inventory Mortgage or any other Lien in favor of Borrower. For purposes of this Agreement, the term "Release Fee" shall include any other payments, however denominated, required to be made by an Applicable Underlying Borrower to Borrower upon the sale of an Interval at an Applicable Resort, pursuant to the Applicable Underlying Loan Documents.

Release Fee. Any fee or amount required to be paid by an Applicable Underlying Borrower to any Borrower in consideration for the release of all or a portion of any Applicable Underlying Loan Collateral from the Lien of a Construction Mortgage or an Applicable Inventory Mortgage or any other Lien in favor such of Borrower. For purposes of this Agreement, the term "Release Fee" shall include any other payments, however denominated, required to be made by an Applicable Underlying Borrower to any Borrower upon the sale of an Interval at an Applicable Resort, pursuant to the Applicable Underlying Loan Documents.