Release of Individual Properties. Borrower on one or more occasions may obtain (i) the release of an individual Property from the Lien of the Mortgage thereon (and related Loan Documents) and (ii) the release of Borrower's obligations under the Loan Documents with respect to such Property (other than those expressly stated to survive), upon satisfaction of each of the following conditions:
Appears in 3 contracts
Samples: Loan Agreement (Innkeepers Usa Trust/Fl), Loan Agreement (Innkeepers Usa Trust/Fl), Loan Agreement (Fac Realty Trust Inc)
Release of Individual Properties. Borrower on one or more occasions may obtain (i) the individual release of an individual Individual Property from the Lien of the Mortgage thereon (and related Loan Documents) and (ii) the release of Borrower's obligations under the Loan Documents with respect to such Individual Property (other than those expressly stated to survivesurvive including those set forth in the Hazardous Materials Indemnity Agreement), upon satisfaction of each of the following conditions:
Appears in 3 contracts
Samples: Loan Agreement (Equity Inns Inc), Loan Agreement (Equity Inns Inc), Loan Agreement (Equity Inns Inc)
Release of Individual Properties. Borrower on A. Releases upon Defeasance, Casualty or Condemnation. On one or more occasions occasions, any Borrower may obtain (i) the release of an individual Property one or more Properties owned by such Borrower from the Lien of the Mortgage Security Instrument thereon (and related Loan Documents) and (ii) the release of Borrower's Borrowers' obligations under the Loan Documents with respect to such Property or Properties (other than those expressly stated to survive), upon satisfaction of each of the following conditions:
Appears in 1 contract
Samples: Loan Agreement (Starwood Hotel & Resorts Worldwide Inc)
