Common use of Additional Releases Clause in Contracts

Additional Releases. As of the Effective Date, upon receipt of the Additional Senior Payment, additional Borrowers shall be and hereby are released (the “Additional Releases”) from their obligations and liabilities under the Senior Loan Documents upon Agent’s receipt of the release prices in the amounts and in accordance with the Allocated Release Price Schedule set forth on Exhibit B attached hereto and made a part hereof, plus interest due thereon. Agent shall execute such further documents (including discharges of mortgages) to effectuate the foregoing Additional Releases.