Release Loan definition

Release Loan means a Loan with respect to which all of the following are true: (a) a prepayment of the Loan has been made in connection with, and as a condition to, a release of Collateral (including pursuant to Section 4(h)); (b) such prepayment was made after the effectiveness of this Modification; and (c) such prepayment did not otherwise result in a reamortization of such Loan or an adjustment to the amount of regular principal and interest payments on such Loan.
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Examples of Release Loan in a sentence

  • Such a comprehensive maintenance management program shall include preventative, predictive, and corrective maintenance for all components of the System, including: Electrical systems and instrumentation Mechanical equipment Monitoring and sampling equipment SCADA Systems The maintenance management program shall: Ensure efficiency, long-term reliability and conservation of the System capital investment.

  • If Seller has not obtained the Ground Lease Release, Loan Release and the Lease Termination Agreement, or if Seller is dissatisfied with the terms of the Ground Lease Release, Loan Release or Lease Termination Agreement (in Seller’s sole and absolute discretion), then Seller may terminate this Agreement by providing written notice thereof to Purchaser on or before March 15, 2007, in which event the Deposit shall be returned to Purchaser and this Agreement shall be null and void.