Partial Release Amount definition

Partial Release Amount means the amount that must be paid to Lender for the release of Lender’s Liens against a Lot as stated in the Deed of Trust for such Lot.

Partial Release Amount means, with respect to the Lots, the amount that must be paid to Lender for the release of Lender’s Liens against a Lot, which amount must be equal to (i) in the event the Lot(s) being sold under a Lot Sale Contract which has been approved by Lender (including any amendments, modifications or supplements), the amount of Net Proceeds relating to such Lot, or (ii) in the event of any Disposition of Lots, in whole or in part, other than pursuant to a Lot Sale Contract approved by Lender (including any amendments, modifications or supplements), such amount as is determined by Lender, in its sole discretion. Notwithstanding anything to the contrary contained in the Loan Documents, (i) upon the occurrence and during the continuation of an Event of Default, Lender has no obligation to release any part of the Collateral, and (ii) Lender’s consent to any Lot Sale Contract or any amendment, modification or supplement thereto shall not be inferred from the foregoing references.

Partial Release Amount means the amount of the required payment on

Examples of Partial Release Amount in a sentence

• Upon receipt by Lender of Borrower’s request for a release under this Section 5.2, and upon Lender’s receipt of the Partial Release Amount for the particular Project and Lien to be released, Lender, at Borrower’s expense, will release its Lien against such Lot subject to, and in accordance with, the provisions of Section 8.9 of the applicable Deed of Trust.

• Borrower shall be entitled to obtain a partial release from Lender’s Lien on one or more Project(s) covered by a Deed of Trust for the payment in cash to Lender of the Partial Release Amount for such Project.

• An examination of the values listed in the Partial Release Amount column of Exhibit F reveals that the release price for the Broad Creek tract is an approximate 65.79% increase from the value listed on Exhibit E.

• If ADG and Chemring agree that all or a portion of the Partial Release Amount shall be disbursed to the ADG Parties, Chemring and ADG shall execute and deliver joint written instructions to the Escrow Agent instructing the Escrow Agent to distribute such agreed-upon amount to the ADG Parties.

• If, within such ten (10) Business Day period, Chemring notifies the Escrow Agent and ADG in writing that Chemring disputes that a Partial Release Event has occurred, the Escrow Agent shall retain and not disburse the Partial Release Amount to the ADG Parties.

More Definitions of Partial Release Amount

Partial Release Amount means, (a) with respect to the Lots, the amount that must be paid to Lender for the release of Lender’s Liens against a Lot, which amount must be equal to (i) in the event the Lot(s) being sold under a Lot Sale Contract which has been approved by Lender (including any amendments, modifications or supplements), the amount of Net Proceeds relating to such Lot, or (ii) in the event of any Disposition of Lots, in whole or in part, other than pursuant to a Lot Sale Contract approved by Lender (including any amendments, modifications or supplements), such amount as is determined by Lender, in its sole discretion, or (b) with respect to any Revenue Event, the amount that must be paid to Lender for the release of Lender’s Liens against the Reimbursement Contract, which amount must be equal to all of the proceeds from or relating to such Revenue Event to be allocated to the outstanding principal balance of the Loan. Notwithstanding anything to the contrary contained in the Loan Documents, (i) upon the occurrence and during the continuation of an Event of Default, Lender has no obligation to release any part of the Collateral, and (ii) Lender’s consent to any Lot Sale Contract or any amendment, modification or supplement thereto shall not be inferred from the foregoing references.

Partial Release Amount means (i) an amount equal to 125% of the Allocated Loan Amount allocated to the released Project, and (ii) the (A) Prepayment Consideration applicable thereto or (B) Yield Maintenance Premium, as applicable.

Partial Release Amount means, with respect to the Release Parcels, the following amounts: $21,276,000.00 for the Indiana Property; $9,850,000.00 for the Kansas Property; and $8,274,000.00 for the Maryland Property; and

Partial Release Amount means, (i) with respect to the Lots, the amount that must be paid to Lender for the release of Lender’s Liens against a Lot, which amount must be equal to (a) in the event the Lot(s) being sold under a Lot Sale Contract which has been approved by Lender (including any amendments, modifications or supplements), one hundred percent (100%) of the Net Proceeds of the Lot, or (b) in the event of any Disposition of Lots, in whole or in part, other than pursuant to a Lot Sale Contract approved by Lender (including any amendments, modifications or supplements), such amount as is determined by Lender, in its sole discretion, or (ii) with respect to any Revenue Event, the amount that must be paid to Lender for the release of Lender’s Liens against the Reimbursement Contract, (a) which amount must be equal to ninety percent (90%) of the proceeds from or relating to such Revenue Event to be allocated to the outstanding principal balance of the Loan, and ten percent (10%) of the proceeds from or relating to such Revenue Event to be allocated with respect to Borrower’s obligations under the Profits Interest Agreement; provided, however, that upon the occurrence and during the continuation of an Event of Default, the proceeds from or relating to such Revenue Event may be reallocated, at Lender’s option and at such percentages as Lender determines, to the outstanding principal balance of the Loan and/or the Borrower’s obligations under the Profit Interest Agreement. Lender’s consent to any Lot Sale Contract or any amendment, modification or supplement thereto shall not be inferred from the foregoing references.

Partial Release Amount means, except as otherwise set forth in Section 3.9.3(b), with respect to any Project, an amount of immediately available funds sufficient to pay the aggregate of the following:

Partial Release Amount means, with respect to a particular Cash Release Date, 50% of the amount of any CLO IV Management Fee actually received by with Company with respect to the three month period ending on such Cash Release Date.

Partial Release Amount has the meaning set forth in Section 2.17(b).