Common use of Release of Property Clause in Contracts

Release of Property. Except as set forth in this Section 2.5, no repayment or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any Lien of the Mortgage on the Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the Mortgage.

Appears in 27 contracts

Samples: Loan Agreement (Inland American Real Estate Trust, Inc.), Loan Agreement (Inland American Real Estate Trust, Inc.), Loan Agreement (Highlands REIT, Inc.)

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Release of Property. Except as set forth in this Section 2.52.6, no repayment repayment, prepayment or prepayment defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any the Lien of the Mortgage on the Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the Mortgage.

Appears in 15 contracts

Samples: Building Loan Agreement (Acadia Realty Trust), Loan Agreement (Hudson Pacific Properties, Inc.), Project Loan Agreement (Acadia Realty Trust)

Release of Property. Except as set forth in this Section 2.52.6, no repayment or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any the Lien of the Mortgage on the Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the Mortgage.

Appears in 14 contracts

Samples: Loan Agreement (Inland Diversified Real Estate Trust, Inc.), Loan Agreement (RREEF Property Trust, Inc.), Loan Agreement (TNP Strategic Retail Trust, Inc.)

Release of Property. Except as set forth in this Section 2.52.6, no repayment or repayment, prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any Lien of the Mortgage on the Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the MortgageSecurity Instrument on the Property.

Appears in 11 contracts

Samples: Loan Agreement (Global Net Lease, Inc.), Loan Agreement (Red Oak Capital Fund IV, LLC), Loan Agreement (Red Oak Capital Fund IV, LLC)

Release of Property. Except as set forth in this Section 2.5, no repayment or prepayment of all or any portion of the Loan Note shall cause, give rise to a right to require, or otherwise result in, the release of any Lien of the Mortgage on the Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the Mortgage.

Appears in 9 contracts

Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc), Loan Agreement (Inland Western Retail Real Estate Trust Inc), Loan Agreement (Inland Western Retail Real Estate Trust Inc)

Release of Property. Except as set forth in this Section 2.52.6, no repayment or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any the Lien of the Mortgage on the any Individual Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the Mortgage.

Appears in 6 contracts

Samples: Loan Agreement (Cole Credit Property Trust III, Inc.), Loan Agreement (Inland Real Estate Income Trust, Inc.), Loan Agreement (Cole Credit Property Trust III, Inc.)

Release of Property. Except as set forth in this Section 2.5, no repayment or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any Lien of the Mortgage on the Property. If Borrower has elected to prepay prepays the entire amount of the Loan pursuant to Section 2.3.1 2.3 and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the Mortgage.

Appears in 3 contracts

Samples: Loan Agreement (Inland American Real Estate Trust, Inc.), Loan Agreement (Highlands REIT, Inc.), Loan Agreement (Highlands REIT, Inc.)

Release of Property. Except as set forth in this Section 2.5, no repayment or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any Lien of the Mortgage on the Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the Mortgage.

Appears in 3 contracts

Samples: Loan Agreement (Strategic Hotels & Resorts, Inc), Loan Agreement (Colony Resorts LVH Acquisitions LLC), Loan Agreement (Colony Resorts LVH Acquisitions LLC)

Release of Property. Except as set forth in this Section 2.5, no repayment or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any the Lien of the Mortgage on the Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the Mortgage.

Appears in 3 contracts

Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc), Loan Agreement (Inland Western Retail Real Estate Trust Inc), Loan Agreement (Inland Western Retail Real Estate Trust Inc)

Release of Property. Except as set forth in Section 2.4.2(a) and this Section 2.5, no repayment or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any Lien of the any Mortgage on any Individual Property or the Property. If Borrower has elected to prepay the entire amount release of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the MortgagePledge Agreement on any Individual Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Net Lease Office Properties), Loan Agreement (W. P. Carey Inc.)

Release of Property. Except as set forth in this Section 2.5, no repayment or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any Lien of the any Mortgage on the any Individual Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the Mortgage.

Appears in 2 contracts

Samples: Loan Agreement (Gramercy Capital Corp), Property Management Agreement (Sunstone Hotel Investors, Inc.)

Release of Property. Except as set forth in this Section 2.5No repayment, no repayment prepayment or prepayment Defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any Lien of the Mortgage on the Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien lien of the Mortgage, except as set forth in Sections 2.4.1 and 2.4.2.

Appears in 1 contract

Samples: Loan Agreement (Thomas Properties Group Inc)

Release of Property. Except as set forth in this Section 2.52.6 or a prepayment of the entire Loan pursuant to Section 2.4.2, no repayment repayment, prepayment or prepayment defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any the Lien of the Mortgage on the Property. If Borrower has elected to prepay the entire amount of the Loan has been prepaid pursuant to Section 2.3.1 and 2.4.2, or after the requirements of this Section 2.5 2.6.1 have been satisfied, the Property shall be released from the Lien lien of the Mortgage.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Reit I Inc)

Release of Property. Except as set forth in this Section 2.52.5 or Section 2.8, no repayment repayment, defeasance or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any Lien of the Mortgage on Mortgage. For the Property. If Borrower has elected to prepay the entire amount avoidance of doubt, any prepayment of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property in connection with a Condemnation shall be released from the Lien of the Mortgagegoverned solely by Section 2.4.2 and Section 6.3 hereof.

Appears in 1 contract

Samples: Loan Agreement (Park Hotels & Resorts Inc.)

Release of Property. Except as set forth in this Section 2.5, Section 2.4.2 or Section 2.8, no repayment repayment, defeasance or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any Lien of the any Mortgage on the any Individual Property. If Borrower has elected to prepay For the entire amount avoidance of doubt, any prepayment of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property in connection with a Condemnation shall be released from the Lien of the Mortgagegoverned solely by Section 2.4.2 and Section 6.3 hereof.

Appears in 1 contract

Samples: Loan Agreement (Park Hotels & Resorts Inc.)

Release of Property. Except as set forth in Section 2.3.1(b) and this Section 2.5, no repayment or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any Lien Liens of the Mortgage Mortgages on the PropertyProperties. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 2.3.1(a) and the requirements of this Section 2.5 have been satisfied, the Property Properties shall be released from the Lien Liens of the MortgageMortgages.

Appears in 1 contract

Samples: Loan Agreement (Inland American Real Estate Trust, Inc.)

Release of Property. Except as set forth in this Section 2.5, no repayment or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any Lien of the Mortgage on the any Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 2.3.1(a) or 2.3.1(c), and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the MortgageMortgages.

Appears in 1 contract

Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc)

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Release of Property. (a) Except as set forth in this Section 2.52.5 and Section 2.6, no repayment or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any the Lien of the Mortgage on the Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the Mortgage.

Appears in 1 contract

Samples: Loan Agreement (Strategic Hotels & Resorts, Inc)

Release of Property. Except as set forth in this Section 2.52.5 or Section 2.4.2, no repayment or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any Lien of the any Mortgage on the any Individual Property. If Borrower has elected to prepay For the entire amount avoidance of doubt, any prepayment of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property in connection with a Condemnation shall be released from the Lien of the Mortgagegoverned solely by Section 2.4.2 and Section 6.3 hereof.

Appears in 1 contract

Samples: Loan Agreement (Hilton Worldwide Holdings Inc.)

Release of Property. Except as set forth in Section 2.9 and this Section 2.5, no repayment or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any Lien of the any Mortgage on the Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the Mortgage.

Appears in 1 contract

Samples: Loan Agreement (Chatham Lodging Trust)

Release of Property. Except as set forth in Section 2.4.2 or this Section 2.5, no repayment or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any Lien of the any Mortgage on the any Individual Property. If Borrower has elected to prepay For the entire amount avoidance of doubt, any prepayment of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property in connection with a Condemnation or Casualty shall be released from the Lien of the Mortgagegoverned by and made in accordance with Section 2.4.2, Section 6.3 and Section 6.4 hereof.

Appears in 1 contract

Samples: Loan Agreement (BRE Select Hotels Corp)

Release of Property. Except as set forth in this Section 2.52.6 or a prepayment of the entire Loan pursuant to Section 2.4, no repayment repayment, prepayment or prepayment defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any the Lien of the Mortgage on the Property. If Borrower has elected to prepay the entire amount of the Loan has been prepaid pursuant to Section 2.3.1 and 2.4, or after the requirements of this Section 2.5 2.6.1 have been satisfied, the Property shall be released from the Lien lien of the Mortgage.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Reit I Inc)

Release of Property. (a) Except as set forth in this Section 2.5, no repayment or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any Lien the Liens of the Mortgage on or the Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the Second Mortgage.

Appears in 1 contract

Samples: Loan Agreement (Wyndham International Inc)

Release of Property. Except as set forth in this Section 2.52.6, no repayment or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any Lien of the Mortgage on the Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the Mortgage.

Appears in 1 contract

Samples: Loan Agreement (Brixmor Property Group Inc.)

Release of Property. Except as set forth in this Section 2.5, no repayment or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any Lien of the any Mortgage on the any Individual Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the MortgageOut Parcel or Partial Release Parcel.

Appears in 1 contract

Samples: Loan Agreement (BlueLinx Holdings Inc.)

Release of Property. Except as set forth in this Section 2.5, no repayment or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any Lien of the Mortgage on the any Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 23.l(a) or 2.3.l(c) and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the MortgageMortgages.

Appears in 1 contract

Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc)

Release of Property. Except as set forth in this Section 2.5, no repayment or prepayment of all or any portion of the Loan Note shall cause, give rise to a right to require, or otherwise result in, the release of any Lien of the Mortgage on the Property. If Borrower has elected to prepay the entire amount of the Loan pursuant to Section 2.3.1 and the requirements of this Section 2.5 have been satisfied, the Property shall be released from the Lien of the Mortgage.,

Appears in 1 contract

Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc)

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