Release Parcel definition

Release Parcel shall have the meaning set forth in Section 5.12.

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Release Parcel has the meaning set forth Section 2.4.

Release Parcel has the meaning provided in Section 8.11.

Examples of Release Parcel in a sentence

• In addition, in connection with each request for a partial release of a Release Parcel under this clause, the Administrative Agent shall be entitled to receive payment of a reasonable administration fee for each Release Parcel so released.

• The cost of the appraisal for the Release Parcel will be paid by the Borrower.

• The initial aggregate balance of the Loan to be allocated to the Release Parcel shall be as set forth in Exhibit B to the Application, under the column “Loan Amount,” as applicable to such Release Parcel (the “Release Price”).

• The Release Amount for the release of each Release Parcel shall be applied to the principal, interest, fees, costs and expenses due to Lender under Loan 1, whether then due and payable or not, and if Loan 1 is paid in full then to the principal, interest, fees, costs and expenses due to Lender under Loan 2, whether then due and payable or not, and will not be subject to any pre-payment penalty.

• Lender shall not be entitled to receive any portion of the proceeds realized by Borrower upon the transfer or conveyance of the Release Parcel.

More Definitions of Release Parcel

Release Parcel is defined in clause (n) of Section 7.1.11.

Release Parcel shall have the meaning assigned to such term in the Mortgage Loan Agreement.

Release Parcel is defined in Section 7.1.11(n).

Release Parcel. With respect to the Post-Closing Properties identified as ▇▇▇▇▇▇▇’▇ Food Market (1055 Sugarbush Drive) and ▇▇▇▇▇▇▇’▇ Food Market (3540 Burbank Road), an undeveloped portion of each such property that (i) was not considered in determining the purchase price thereof paid by the Originator with respect thereto and (ii) is subject to an option on the part of the related Tenant permitting such Tenant to subdivide and reacquire such undeveloped portion for a nominal amount.

Release Parcel is defined in Section 18.1(d) of the Lease.

Release Parcel means a portion of the Adjacent Property consisting of approximately, but in no event less than, fifteen (15) acres and substantially identified on Schedule VII attached hereto and made a part hereof, on which no portion of the Project is contemplated to be constructed, as such portion is reasonably approved by Lender prior to the date of the first Release Parcel Sale.

Release Parcel has the meaning given that term in Section 2.16.(b).