Partial Release Parcel definition

Partial Release Parcel shall have the meaning set forth in Section 2.5.1(a) hereof.
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Partial Release Parcel means each parcel of Land legally described or depicted on Schedule IX-B.
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Partial Release Parcel each Healthcare Facility identified by Borrowers to Administrative Agent as a “Partial Release Parcel” from time to time, in each case, taken as a whole and at no time divided into separate units, suites, condos, or any other individual parcel; provided¸ that no more than five (5) Healthcare Facilities in total may be identified as Partial Release Parcels.
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Examples of Partial Release Parcel in a sentence

  • Following the release of a Partial Release Parcel in accordance with Section 2.5.4 hereof, Lender shall adjust (if applicable) the amounts thereafter required to be deposited by Borrower into the Reserve Funds to reflect amounts required solely for the remaining Properties after giving effect to such release.

  • Except as set forth in this Section 2.5, no repayment or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of any Lien of any Mortgage on any Individual Property, Out Parcel or Partial Release Parcel.

  • In addition, Borrower shall have paid all third-party fees, costs and expenses incurred in connection with the release of the applicable Outparcel or Partial Release Parcel, including but not limited to, the current fee being assessed by such Servicer to effect such release.

  • In addition, Borrower shall have paid all third-party fees, costs and expenses incurred in connection with the release of the applicable Partial Release Parcel, including but not limited to, the current fee being assessed by such Servicer to effect such release.

  • Except in connection with the release of an Out Parcel or a Partial Release Parcel in accordance with Section 2.5.3 and Section 2.5.4, respectively, Borrower shall not initiate or consent to any zoning reclassification of any portion of any Individual Property or seek any variance under any existing zoning ordinance.