Examples of Release Property in a sentence
The following definitions are hereby deleted in their entirety: "Acquisition Loan"; "Acquisition Mortgage"; "Acquisition Property"; "Additional Loan"; "Additional Mortgage"; "Additional Properties"; "Allocation Factor"; "Approval Information"; "Commitment"; "Extension Fee"; "FSA"; "Lender Fee"; "Limited Release Property"; "Loans"; "MAI"; "NACC Refinancing"; "Revolver Period"; "Revolving Credit Termination Date".
If Borrower has elected to defease a portion of the Note and the requirements of this Section 2.8 and Section 2.9 have been satisfied, the Property (other than any applicable Release Property) and the Partial Defeasance Collateral pledged pursuant to the Security Agreement shall be the source of collateral securing the Defeased Note and the applicable Release Property, if any, shall be released from the lien of the Security Instrument by a Release Security Instrument.