Common use of Release of Properties Clause in Contracts

Release of Properties. Except as set forth in this Section 2.5, no repayment or prepayment of all or any portion of the Note shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Security Instrument on the Premises or any portion thereof.

Appears in 2 contracts

Sources: Loan Agreement (RFS Hotel Investors Inc), Loan Agreement (RFS Hotel Investors Inc)

Release of Properties. Except as set forth in this Section 2.5, no repayment or prepayment of all or any portion of the Note shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Security Instrument Instruments on the Premises or any portion thereof.

Appears in 1 contract

Sources: Loan Agreement (Innkeepers Usa Trust/Fl)