Release of Property. (a) If Borrower has the right to and has elected to prepay the Loan in accordance with this Agreement, upon satisfaction of the requirements of Section 2.4 and this Section 2.6, all of the Property shall be released from the Lien of the Mortgage.
Appears in 6 contracts
Samples: Loan Agreement (TNP Strategic Retail Trust, Inc.), Loan Agreement (Inland Diversified Real Estate Trust, Inc.), Loan Agreement (TNP Strategic Retail Trust, Inc.)
Release of Property. (a) If Borrower has the right to and has elected to prepay the entire Loan in accordance with this Agreement, upon satisfaction of and the requirements of Section 2.4 and this Section 2.62.6 have been satisfied, all of the Property shall be released from the Lien of the Mortgage.
Appears in 3 contracts
Samples: Loan Agreement (Inland Diversified Real Estate Trust, Inc.), Loan Agreement (Inland Diversified Real Estate Trust, Inc.), Loan Agreement (Inland Diversified Real Estate Trust, Inc.)
Release of Property. (a) If Borrower has the right to and has elected to prepay in full the Loan in accordance with this AgreementAgreement and the Note, upon satisfaction of the requirements of Section 2.4 and Section 9 of the Note, as applicable, and this Section 2.6, all of the each applicable Individual Property shall be released from the Lien of the Mortgageapplicable Security Instrument.
Appears in 3 contracts
Samples: Loan Agreement (Healthcare Trust, Inc.), Loan Agreement (Global Net Lease, Inc.), Loan Agreement (TNP Strategic Retail Trust, Inc.)
Release of Property. (a) If Borrower has the right to and has elected to prepay the Loan in accordance with this Agreement, upon satisfaction of the requirements of Section 2.4 and this Section 2.6, all of the Property shall be released from the Lien of the MortgageMortgage and the Loan Documents.
Appears in 2 contracts
Samples: Loan Agreement (Procaccianti Hotel Reit, Inc.), Loan Agreement (Procaccianti Hotel Reit, Inc.)
Release of Property. (a) If Borrower has the right to and has elected to prepay the entire Loan in accordance with this Agreement, upon satisfaction of and the requirements of Section 2.4 2.4.1 and this Section 2.62.6.1 have been satisfied, all of the Property Properties shall be released from the Lien Liens of the Mortgagetheir respective Mortgages.
Appears in 2 contracts
Samples: Loan Agreement (Cole Credit Property Trust III, Inc.), Loan Agreement (Cole Credit Property Trust III, Inc.)
Release of Property. (a) If Borrower has the right to and has elected to prepay defease the entire Loan in accordance with this Agreement, upon satisfaction of and the requirements of Section 2.4 2.5 and this Section 2.62.6 have been satisfied, all of the Property shall be released from the Lien of the Mortgage.
Appears in 2 contracts
Samples: Loan Agreement (Behringer Harvard Reit I Inc), Loan Agreement (Behringer Harvard Reit I Inc)
Release of Property. (a) If Borrower has the right to and has elected to prepay in full the Loan in accordance with this AgreementAgreement and the Note, upon satisfaction of the requirements of Section 2.4 2.3 and this Section 2.62.5, all of the Property shall be released from the Lien Liens of the MortgageLoan Documents.
Appears in 1 contract
Release of Property. (a) If Borrower has the right to and has elected to prepay the Loan in accordance with this Agreement, upon satisfaction of the requirements of Section 2.4 in connection with a prepayment of the Debt in full and this Section 2.6, all of the Property shall be released from the Lien of the Mortgage.
Appears in 1 contract
Release of Property. (a) If Borrower has the right to and has elected to prepay or defease the Loan in accordance with this Agreement, upon satisfaction of the requirements of Section 2.4 or Section 2.5, as applicable, and this Section 2.6, all of the Property shall be released from the Lien of the Mortgage.
Appears in 1 contract
Release of Property. (a) If Borrower has the right to and has elected to prepay or defease the Loan in accordance with this Agreement, upon satisfaction of the requirements of Section 2.4 or Section 2.9, as applicable, and this Section 2.62.5.1, all of the Property shall be released from the Lien of the Mortgage.
Appears in 1 contract
Release of Property. (a) If Borrower has the right to and has elected to prepay or defease the Loan in accordance with this Agreement, upon satisfaction of the requirements of Section 2.4 or Section 2.5, as applicable, and this Section 2.6, all of the Property shall be released from the Lien of the MortgageMortgage and any other Loan Document pursuant to which a Lien thereon exists.
Appears in 1 contract
Release of Property. (a) If Borrower has the right to and has elected to prepay in full the Loan in accordance with this AgreementAgreement and the Note, upon satisfaction of the requirements of Section 2.4 and Section 9 of the Note, as applicable, and this Section 2.6, all of the each applicable Individual Property shall be released from the Lien of the Mortgageapplicable Security Instrument.
Appears in 1 contract
Release of Property. (a) If Borrower has the right to and has elected to prepay in full the Loan in accordance with this AgreementAgreement and the Note, upon satisfaction of the requirements of Section 2.4 and Section 9 of the Note, as applicable, and this Section 2.6, either (x) all of the Property shall be released from the Lien of the MortgageSecurity Instrument, or (y) Lender shall cooperate with Borrower, at Borrower’s cost, to assign the Security Instrument and other relevant Loan Documents to such new lender as is designated by Borrower.
Appears in 1 contract
