Common use of Release on Payment in Full Clause in Contracts

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of this Loan Agreement, release the Lien of the Mortgage on the Property not theretofore released.

Appears in 35 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)

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Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage Pledge Agreement on the Property not theretofore releasedCollateral.

Appears in 18 contracts

Samples: Second Mezzanine Loan Agreement (Harrahs Entertainment Inc), Second Mezzanine Loan Agreement (Harrahs Entertainment Inc), First Mezzanine Loan Agreement (Harrahs Entertainment Inc)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage on the Property not theretofore releasedProperty.

Appears in 13 contracts

Samples: Building Loan Agreement (Acadia Realty Trust), Building Loan Agreement (Acadia Realty Trust), Project Loan Agreement (Acadia Realty Trust)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage on the Property not theretofore releasedMortgage.

Appears in 8 contracts

Samples: Loan Agreement (City Office REIT, Inc.), Loan Agreement (Maguire Properties Inc), Loan Agreement (Eagle Hospitality Properties Trust, Inc.)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage on the Property not theretofore released.

Appears in 8 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 on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage Security Instrument on the each Individual Property not theretofore released.

Appears in 6 contracts

Samples: Loan Agreement (Spirit Finance Corp), Loan Agreement (Spirit Finance Corp), Loan Agreement (Thomas Properties Group Inc)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage on the each Individual Property not theretofore released.

Appears in 5 contracts

Samples: Loan Agreement (Sabre Corp), Loan Agreement (Capitalsource Inc), Loan Agreement (Harrahs Entertainment Inc)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage on the Property not theretofore releasedPledge Agreement.

Appears in 4 contracts

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

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage Pledge Agreement on the Property Collateral not theretofore releasedreleased and remit any remaining Reserve Funds to Borrower.

Appears in 3 contracts

Samples: Mezzanine E Loan Agreement (KBS Real Estate Investment Trust, Inc.), Mezzanine a Loan Agreement (KBS Real Estate Investment Trust, Inc.), Mezzanine a Loan Agreement (KBS Real Estate Investment Trust, Inc.)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of this Loan Agreementthereof, release the Lien of the Mortgage on the Property Mortgages if not theretofore released.

Appears in 3 contracts

Samples: Loan Agreement (Innkeepers Usa Trust/Fl), Loan Agreement (Uniprop Manufactured Housing Communities Income Fund), Loan Agreement (Innkeepers Usa Trust/Fl)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage on the each Individual Property not theretofore released.

Appears in 3 contracts

Samples: Loan Agreement (Koger Equity Inc), Loan Agreement (Wyndham International Inc), Loan Agreement (Koger Equity Inc)

Release on Payment in Full. Lender shall, upon the written request and at the expense of BorrowerBorrowers, upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Notes and this Loan Agreement, release the Lien of the Mortgage on the Property not theretofore releasedMortgage.

Appears in 3 contracts

Samples: Pledge and Security Agreement (MPG Office Trust, Inc.), Loan Agreement (Maguire Properties Inc), Pledge and Security Agreement (MPG Office Trust, Inc.)

Release on Payment in Full. Upon payment in full of the Debt in accordance with the terms and provisions of the Note and this Agreement and the other Loan Documents, Lender shall, upon the written request and at the sole cost and expense (including Lender’s reasonable attorneys’ fees and disbursements) of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of this Loan Agreement, release the Lien of the Mortgage on the Property each Individual Property, in each case not theretofore released.

Appears in 3 contracts

Samples: Loan Agreement (Brixmor Property Group Inc.), Senior Mezzanine Loan Agreement (Brixmor Property Group Inc.), Loan Agreement (Brixmor Property Group Inc.)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage on Pledge Agreement or the Property Collateral not theretofore released.

Appears in 2 contracts

Samples: Junior Mezzanine Loan Agreement (Felcor Lodging Trust Inc), Mezzanine Loan Agreement (Felcor Lodging Trust Inc)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage on the each Individual Property not theretofore releasedreleased or assign the Mortgage, pursuant to documentation reasonably satisfactory to Lender without recourse to or representation or warranty by Lender.

Appears in 2 contracts

Samples: Loan Agreement (Highland Hospitality Corp), Loan Agreement (Highland Hospitality Corp)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, and upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage on the each Individual Property not theretofore released.

Appears in 2 contracts

Samples: Loan Agreement (Entertainment Properties Trust), Loan Agreement (Entertainment Properties Trust)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage on Pledge Agreement or the Property Collateral not theretofore releasedreleased and remit any remaining Reserve Funds to Borrower if the Loan has been paid in full.

Appears in 2 contracts

Samples: Loan Agreement (Meristar Hospitality Operating Partnership Lp), Loan Agreement (Meristar Hospitality Corp)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage on the each Individual Property not theretofore released.

Appears in 2 contracts

Samples: Loan Agreement (Inland Real Estate Corp), Loan Agreement (Inland Real Estate Corp)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents Documents, including, without limitation, the Exit Fee, in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, (i) release the Lien of the Mortgage Pledge Agreements and any other Loan Documents on the Property not theretofore releasedCollateral, and (ii) terminate the other Loan Documents.

Appears in 2 contracts

Samples: Loan Agreement (Prime Group Realty Trust), Loan Agreement (Prime Group Realty Trust)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage on the Property not theretofore releasedProperty.

Appears in 2 contracts

Samples: Loan Agreement (Glimcher Realty Trust), Loan Agreement (Glimcher Realty Trust)

Release on Payment in Full. Lender shall, upon the written request and at the expense of BorrowerBorrowers, upon (a) payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms thereof and provisions (b) termination of Section 2.3.1 of this Loan Agreementthe Commitment, release the Lien Properties from the Liens of the Mortgage on Mortgages and the Property other Loan Documents if not theretofore released.

Appears in 1 contract

Samples: Loan Agreement (Prime Retail Lp)

Release on Payment in Full. Upon payment in full of the Debt in accordance with the terms and provisions of the Note and this Agreement and the other Loan Documents, Lender shall, upon the written request and at the sole cost and expense (including Lender’s reasonable attorneys’ fees and disbursements) of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of this Loan Agreement, release the Lien of the Mortgage on the Property not theretofore releasedProperty.

Appears in 1 contract

Samples: Loan Agreement (Brixmor Property Group Inc.)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien lien of the Mortgage on the Property not theretofore releasedPremises and remit any remaining Reserve Funds to Borrower.

Appears in 1 contract

Samples: Loan Agreement (Industrial Income Trust Inc.)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan AgreementAgreement , release the Lien of the Mortgage Pledge Agreement on the Property not theretofore releasedCollateral.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (CNL Income Properties Inc)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 the Note and this Agreement (other than reimbursement, indemnity or similar obligations that survive the repayment of this the Loan Agreementfor which no claim has been made), release the Lien of the Mortgage on the Property not theretofore releasedSecurity Instrument.

Appears in 1 contract

Samples: Loan Agreement (Cousins Properties Inc)

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Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and accrued interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage on the Property not theretofore releasedMortgage.

Appears in 1 contract

Samples: Loan Agreement (Stratus Properties Inc)

Release on Payment in Full. (b) . Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage on the Property not theretofore releasedProperty.

Appears in 1 contract

Samples: Building Loan Agreement (Acadia Realty Trust)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of this Loan Agreement, release the Lien of the Mortgage Mortgages on the Property Properties not theretofore released.

Appears in 1 contract

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

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien Liens of the Mortgage on the Property Mortgages (and related Loan Documents) not theretofore released.. Section 2.5

Appears in 1 contract

Samples: Loan Agreement (Horizon Group Inc)

Release on Payment in Full. Lender shall, upon the written request and at the expense of BorrowerBorrowers, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage on the each Individual Property not theretofore released.

Appears in 1 contract

Samples: Loan Agreement (Grove Property Trust)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of this Loan AgreementDocuments, release the Lien of the Mortgage on Mortgage. Borrower shall pay all costs, taxes and expenses associated with the Property not theretofore releasedrelease of the Lien of the Mortgage, including Lender’s reasonable attorneys’ fees.

Appears in 1 contract

Samples: Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage Security Instrument on the Property not theretofore released.

Appears in 1 contract

Samples: Loan Agreement (Wyndham International Inc)

Release on Payment in Full. Lender shall, upon the written request and at the expense of BorrowerBorrowers, upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage on the Property not theretofore releasedMortgage.

Appears in 1 contract

Samples: Loan Agreement (Maguire Properties Inc)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, and upon satisfaction of the conditions set forth in the second sentence of Section 2.5.2 above, release the Lien of the Mortgage Security Instrument on the Property not theretofore releasedProperty.

Appears in 1 contract

Samples: Loan Agreement (Cb Richard Ellis Realty Trust)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of this Loan Agreement, release the Lien of the Mortgage on the Property not theretofore released.

Appears in 1 contract

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

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien of the Mortgage Pledge on the Property Collateral not theretofore released.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Capitalsource Inc)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 23.1 of this Loan Agreement, release the Lien of the Mortgage Mortgages on the Property Properties not theretofore released.

Appears in 1 contract

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

Release on Payment in Full. Lender shall, upon the written request and at the expense of BorrowerBorrowers, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of this Loan Agreementthereof, release the Lien Properties from the Liens of the Mortgage on Mortgages and the Property other Loan Documents if not theretofore released.

Appears in 1 contract

Samples: Loan Agreement (Prime Retail Lp)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, (i) release the Lien of the Mortgage Pledge Agreements and the Mortgages on the Property not theretofore releasedCollateral, and (ii) terminate the other Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Prime Group Realty Trust)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of the Note and this Loan Agreement, release the Lien Liens of the Mortgage on the Property Mortgages not theretofore released.

Appears in 1 contract

Samples: Loan Agreement (Malan Realty Investors Inc)

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of Section 2.3.1 of this Loan Agreement, release the Lien Liens of the Mortgage Mortgages on the Property Properties not theretofore released.

Appears in 1 contract

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

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