Common use of Release of Individual Properties Clause in Contracts

Release of Individual Properties. Subject to satisfaction of each of the conditions set forth below with respect to any Individual Property or Individual Properties (collectively, the “General Release Conditions”), Lender shall release such Individual Property or Individual Properties (each Individual Property subject release hereunder, a “Release Property”) from the Lien of the Mortgage (each release under this Section 2.4, a “Property Release”):

Appears in 4 contracts

Samples: Possession Credit Agreement, Possession Credit Agreement, Possession Credit Agreement

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Release of Individual Properties. Subject to satisfaction of each of the conditions set forth below with respect to any Individual Property or Individual Properties (collectively, the “General Release Conditions”), Lender shall release such the sale or transfer of an Individual Property or by an Individual Properties Mortgage Borrower (each Individual Property subject release hereunder, a “Release Property”) and the release of such Release Property from the Lien of the applicable Security Instrument and related Mortgage Loan Documents shall be permitted (each release under this Section 2.42.13, a “Property Release”):

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Strategic Storage Trust II, Inc.)

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Release of Individual Properties. Subject to satisfaction of each of the conditions set forth below with respect to any Individual Property or Individual Properties (collectively, the “General Release Conditions”), Lender shall shall, upon request from Borrower, release such Individual Property or Individual Properties (each Individual Property subject release hereunder, a “Release Property”) from the Lien of the Mortgage applicable Security Instrument and related Loan Documents (each release under this Section 2.42.13, a “Property Release”):

Appears in 1 contract

Samples: Loan Agreement (Strategic Storage Trust II, Inc.)

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