Common use of Release of Properties Clause in Contracts

Release of Properties. Borrower shall have the right to obtain a release of one or more of the Individual Properties (each, a Property Release and such Individual Property being a Release Property) in whole, but not in part, from the Lien of the Security Instrument (1) at any time during the Prepayment Period with respect to any Individual Property and (2) at any time following the expiration of the Defeasance Lockout Period with respect to any Individual Property in connection with a Defeasance consummated in accordance with Article IX, provided that in any case all of the following conditions are satisfied:

Release of Properties. Borrower shall have the right to obtain a release of one or more of the Individual Properties (each, a Property Release and such Individual Property being a Release Property) in whole, but not in part, from the Lien of the Security Instrument (1) at any time during the Prepayment Period with respect to any Individual Property the Designated Release Properties and (2) at any time following the expiration of the Defeasance Lockout Period with respect to any Individual Property in connection with that is not a Defeasance consummated in accordance with Article IXDesignated Release Property, provided that in any either case all of the following conditions are satisfied:

Release of Properties. Borrower shall have the right to obtain a release of one or more of the Individual Properties (each, a Property Release and such Individual Property being a Release Property) in whole, but not in part, from the Lien lien of the Security Instrument (1) at any time during the Prepayment Period with respect to any Individual Property and (2) at any time following the expiration of the Defeasance Lockout Period with respect to any Individual Property in connection with a Defeasance consummated in accordance with Article IX, Instruments provided that in any case all of the following conditions are satisfied: