Release Parcel Sample Clauses

Release Parcel. The Partial Release Event was completed in accordance with the terms of the Loan Agreement, and the Property does not include the Release Parcel.

Release Parcel. (a) In the event Borrower desires to obtain a partial release of the Lien of the Mortgage from a Release Parcel, Lender shall release the Lien of the Mortgage (and related Loan Documents) from such Release Parcel upon satisfaction of the following conditions precedent: (i) Borrower shall provide Lender not less than thirty (30) days notice (or a shorter period of time if permitted by Lender in its sole discretion) specifying a date which date shall not be earlier than October 1, 2005 (the "PARTIAL RELEASE DATE") on which the partial release is to occur, provided, however, that Borrower may postpone the Partial Release Date from time to time as long as the extended date is at least five (5) Business Days after notice of such extension; (ii) Borrower shall have delivered to Lender at Borrower's option, (A) an endorsement to the Title Insurance Policy (which would be satisfied by an acceptable CLTA 116.7 and 123.1 or 123.2 (as applicable, with parking) endorsements to title), (B) an opinion of counsel (from counsel reasonably acceptable to Lender), (C) a certificate of an architect (from an architect reasonably acceptable to Lender and licensed to practice in the State) or (D) a letter from the appropriate Governmental Authority indicating that the Release Parcel has been legally subdivided for zoning lot purposes from the portion of the Property that would remain encumbered by the Lien of the Mortgage after the release of the Release Parcel (the "REMAINING PROPERTY") pursuant to a zoning lot subdivision in accordance with applicable Legal Requirements and that the Release Parcel and Remaining Property are each otherwise in compliance with all applicable zoning Legal Requirements; (iii) Borrower shall have delivered to Lender, at Borrower's option, (A) an endorsement to the Title Insurance Policy, (B) an opinion of counsel (from counsel reasonably acceptable to Lender); or (C) a certificate of an architect (from an architect reasonably acceptable to Lender and licensed to practice in the State), indicating that the Remaining Property separately conforms to and is in material compliance with all applicable Legal Requirements and constitutes a separate tax lot(s), provided, however, that if the Remaining Property and the Release Parcel have not been assessed as separate tax lots on or before the Partial Release Date, then the conditions of this subsection (v) relating to separate tax lot(s) shall be satisfied if (X) (1) Borrower delivers to Lender an opinion of...

Release Parcel. The term “Release Parcel” is hereby amended to mean and be the land legally described on Exhibit A-2 attached to this Amendment. The Release Parcel is not included in the definition of Minimum Improvements Area. Any reference to the Release Parcel in the Agreement shall mean the Release Parcel as described in this Amendment.

Release Parcel. Landlord and Tenant agree that, effective upon the consummation of the Transaction (the “March 12, 2010”), the legal description for the Riverdale Property (attached as part of Exhibit A-3 to the Lease) is hereby deleted in its entirety, and the new legal description for the Riverdale Property, attached hereto and incorporated herein as Exhibit “C”, is hereby substituted in lieu thereof and shall remain subject to the terms of the Lease. Notwithstanding the foregoing, the Base Rent shall remain the same.

Release Parcel. The portion of the Property to be conveyed to the Release Parcel Purchaser upon exercise of the right to purchase under the Option Agreement. 24

Release Parcel. The Release Parcel is hereby released from the Lease.

Release Parcel. As defined in Section 7.17 of this Agreement.