Parcel Release Price definition

Parcel Release Price has the meaning set forth in Exhibit I.
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Parcel Release Price shall have the meaning set forth in Section 2.5.6 hereof.
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Examples of Parcel Release Price in a sentence

  • 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 terms of the Mortgage or other Underlying Loan Documents do not provide for release of any material portion of the Mortgaged Property from the lien of the Mortgage except (i) a partial release, accompanied by principal repayment in the amount of the Required Release Price or Required Parcel Release Price (each, as defined in the Underlying Loan Agreement), as applicable, (ii) upon payment in full of the Underlying Loan, or (iii) as required pursuant to an order of condemnation.

  • 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”).

  • 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 $57,835,810.93.

  • 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.