Parcel Release definition

Parcel Release has the meaning given to such term in Section 4.2(b).
View Source

Examples of Parcel Release in a sentence

  • If the Parcel subject to the Parcel Release is an Income Producing Parcel, the Borrower shall make a principal prepayment of the Loans equal to 100% of the Net Cash Proceeds received by the Borrower or any Guarantor from the sale of such Income Producing Parcel.

  • For the avoidance of doubt, any amounts required to be prepaid (or deposited into the First Lien Designated Collateral Proceeds Account) under the First Lien Credit Agreement in connection with a Property Release or Parcel Release shall reduce, on a dollar-for-dollar basis, the amounts required to be prepaid under this Agreement in order to effectuate such Parcel Release or Property Release, as applicable.

  • Subject to the first sentence of this Section 4.2(c), above, and clause (iv), below, if the Parcel subject to the Parcel Release is an Income Producing Parcel, the Borrower shall make a principal prepayment of the Loans equal to 100% of the Net Cash Proceeds received by the Borrower or any Guarantor from the sale of such Income Producing Parcel.

  • On August 1, 2008, Borrower prepaid a portion of the Loan with the Release Parcel Release Price received in connection with the sale of certain property by Adjacent Borrower, resulting in an Outstanding Principal Balance of $177,956,341.32.

  • The “Cardholder Copy” of each Charge Slip shall be delivered to the Cardholder at the time of the transaction if the Cardholder is in the store.

  • Lender shall, upon the written request and at the expense of Borrower, upon satisfaction of the Out Parcel Release Conditions and Section 2.8 of this Loan Agreement, release the Lien of the Mortgage and the other Loan Documents against the applicable Out Parcel.

  • On August 1, 2008, Borrower prepaid a portion of the Loan with the Release Parcel Release Price received in connection with the sale of certain property by Adjacent Borrower, resulting in an Outstanding Principal Balance of $88,978,170.66.

  • As a result of the application of the Mezzanine Prepayments to the partial prepayment of the Original Acquisition Loan on November 6, 2007, and the partial prepayment made with the Release Parcel Release Price in connection with the sale of certain property by Adjacent Borrower, the Original Acquisition Loan is now in the reduced amount of $364,810,499.71 (the “Reduced Acquisition Loan”).

  • Upon the release of any Release Parcel in accordance with this Section 2.5.6, the Adjusted Release Amount of the related Individual Property shall be reduced by the Parcel Release Price.

  • Upon the release of any Release Parcel in accordance with this Section 2.5.6, the Release Amount of the related Individual Property shall be reduced by the component of the Parcel Release Price set forth in clause (ii) in the definition thereof.