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 due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of the Note and this Agreement, release the Lien of the Security Instrument on each Individual Property not theretofore released and remit any remaining Reserve Funds to Mezzanine Lender if the Mezzanine Loan is still outstanding or Borrower if the Mezzanine Loan has been paid in full.

Release on Payment in Full. Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal of and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions conditions of the Note and this Agreement, release the Lien of the Security Instrument on each Individual Property not theretofore released Pledge Agreement and remit any remaining Reserve Funds to (i) Mezzanine B Lender if the Loan has been paid in full and the Mezzanine B Loan is still outstanding or (ii) to Borrower if the Loan and the Mezzanine B Loan has have been paid in full.

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 the Note and this Agreement, release the Lien of the Security Instrument on each Individual Property not theretofore released and remit any remaining Reserve Funds to (i) Mezzanine A Lender if the Mezzanine A Loan is still outstanding or (ii) Borrower if the Mezzanine A Loan has been paid in full.

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 Debt in accordance with the terms and provisions of the Note and this Agreementherewith, release or, if requested by Borrower, assign to Borrower’s designee (without any representation or warranty by and without any recourse against Lender whatsoever), the Lien of the Security Instrument on each Individual Property Loan Documents if not theretofore released released, and remit any remaining Reserve Funds reserve funds held hereunder to Mezzanine Lender Lender, if the Mezzanine Loan is still outstanding or Borrower Borrower, if the Mezzanine Loan has been paid in full.

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 the Note and this Agreement, release the Lien of the Security Instrument Pledge Agreement on each Individual Property the Collateral not theretofore released and remit any remaining Reserve Funds to (y) Mezzanine E Lender if the Mezzanine Loan is still outstanding or Borrower if the Mezzanine Loan has been paid in full and the Mezzanine E Loan is outstanding or (z) Borrower if the Loan and the Mezzanine E Loan have been paid in full.