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 (including reasonable attorneys' fees and expenses), 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 the Note and this Loan Agreement, release the Lien of the Mortgage on each Individual Property not theretofore released.

Appears in 4 contracts

Samples: Loan Agreement (Capital Automotive Reit), Loan Agreement (Capital Automotive Reit), Loan Agreement (Capital Automotive Reit)

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Release on Payment in Full. Lender shall, upon the written -------------------------- request and at the expense of Borrower (including reasonable attorneys' fees and expenses)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 the Note and this Loan Agreementthereof, release the Lien of the Mortgage on each Individual Property and the other Loan Documents if not theretofore released.

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 (including reasonable attorneys' fees and expenses)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 the Note and this Loan Agreement, release the Lien of the Mortgage on each Individual Property not theretofore released.

Appears in 2 contracts

Samples: Loan Agreement (Urban Shopping Centers Inc), Loan Agreement (Urban Shopping Centers Inc)

Release on Payment in Full. Lender shall, upon the written -------------------------- request and at the expense of Borrower (including reasonable attorneys' fees and expenses)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 the Note and this Loan Agreement, release the Lien Liens of the Mortgage on each Individual Property Mortgages not theretofore released.

Appears in 2 contracts

Samples: Loan Agreement (Prentiss Properties Trust/Md), Loan Agreement (Prentiss Properties Trust/Md)

Release on Payment in Full. Lender shall, upon the written -------------------------- request and at the expense of Borrower (including reasonable attorneys' fees and expenses)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 the Note and this Loan Agreementthereof, release the Lien Liens of the Mortgage on each Individual Property Mortgages if not theretofore released.

Appears in 1 contract

Samples: Loan Agreement (Banyan Strategic Realty Trust)

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Release on Payment in Full. Lender shall, upon the written -------------------------- request and at the expense of Borrower (including reasonable attorneys' fees and expenses)Borrowers, 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 thereof release the Liens of the Note Mortgages and this the other Loan Agreement, release the Lien of the Mortgage on each Individual Property Documents if not theretofore released.

Appears in 1 contract

Samples: Loan Agreement (Horizon Group Properties Inc)

Release on Payment in Full. Lender shall, upon the written -------------------------- request and at the expense of Borrower (including reasonable attorneys' fees and expenses)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 the Note and Section 2.3.1(a) or 2.3.1(c) of this Loan Agreement, release the Lien of the Mortgage Mortgages on each Individual Property the 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 (including reasonable attorneys' fees and expenses)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 the Note and this Loan Agreementthereof, release the Lien Liens of the Mortgage on each Individual Property if not theretofore released.

Appears in 1 contract

Samples: Loan Agreement (Banyan Strategic Realty Trust)

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