Release on Payment in Full. Lender shall, upon the written request and at the sole cost and expense of Borrower, after payment in full of the Debt and the performance of the Other Obligations in accordance with the terms and provisions of each Security Instrument and the other Loan Documents, release the Lien of each Security Instrument and the other Loan Documents on the Property.
Appears in 2 contracts
Sources: Loan Agreement (Cole Real Estate Income Strategy (Daily Nav), Inc.), Loan Agreement (Cole Credit Property Trust Iv, Inc.)
Release on Payment in Full. Lender shall, upon the written request and at the sole cost and expense of Borrower, after upon payment in full of all principal and interest due on the Debt Loan and all other amounts due and payable under the performance of the Other Obligations Loan Documents in accordance with the terms and provisions of each Security Instrument the Note and the other Loan Documentsthis Agreement, release the Lien of each the Security Instrument on each Individual Property not theretofore released and the other Loan Documents on the Propertyremit any remaining Reserve Funds to Borrower.
Appears in 2 contracts
Sources: Loan Agreement (Summit Hotel Properties LLC), Loan Agreement (Felcor Lodging Trust Inc)
Release on Payment in Full. Lender shall, upon the written request and at the sole cost and expense of Borrower, after upon payment in full of the Debt and the performance of the Other Obligations in accordance with the terms and provisions of each Security Instrument this Agreement and the other Loan Documents, release the Lien Liens of each the Security Instrument and the other Loan Documents on the PropertyInstruments.
Appears in 2 contracts
Sources: Loan Agreement (Global Medical REIT Inc.), Loan Agreement (Global Medical REIT Inc.)
Release on Payment in Full. Lender shall, upon the written request and at the sole cost and expense of BorrowerBorrowers, after upon payment in full of all principal and interest on the Debt Loan and all other amounts due and payable under the performance of the Other Obligations Loan Documents in accordance with the terms and provisions of each Security Instrument and the other Loan Documentsthereof, release the Lien Properties from the Liens of each Security Instrument the Mortgages and the other Loan Documents on the Propertyif not theretofore released.
Appears in 1 contract
Sources: Loan Agreement (Prime Retail Lp)
Release on Payment in Full. Lender shall, upon the written request and at the sole cost and expense of Borrower, after upon payment in full of all principal and interest on the Debt Loan and all other amounts due and payable under the performance of the Other Obligations Loan Documents in accordance with the terms and provisions of each Security Instrument the Note and the other this Loan DocumentsAgreement, release the Lien of each the Security Instrument and the other Loan Documents on the Property.
Appears in 1 contract
Release on Payment in Full. Lender shall, upon the written request and at the sole cost and expense of Borrower, after upon payment in full of the Debt and the performance of the Other Obligations in accordance with the terms and provisions of each Security Instrument this Agreement and the other Loan Documents, release the Lien of each the Security Instrument and the other Loan Documents on the PropertyDocuments.
Appears in 1 contract
Release on Payment in Full. Lender shall, upon the written request and at the sole cost and expense of Borrower, after upon payment in full of the Debt and the performance of the Other Obligations in accordance with the terms and provisions of each Security Instrument this Agreement and the other Loan Documents, release the Lien of each the Security Instrument and the other Loan Documents on the PropertyInstrument.
Appears in 1 contract
Sources: Loan Agreement (Lightstone Value Plus Real Estate Investment Trust V, Inc.)
Release on Payment in Full. Lender shall, upon the written request and at the sole cost and expense of Borrower, after payment in full of the Debt and the performance of the Other Obligations in accordance with the terms and provisions of each Security Instrument and the other Loan Documents, release the Lien of each the Security Instrument and the other Loan Documents on the Property.
Appears in 1 contract
Release on Payment in Full. Lender shall, upon the written request and shall at the sole cost and expense of Borrower, after payment in full of the Debt and the performance of the Other Obligations in accordance with the terms and provisions of each the Security Instrument and the other Loan Documents, release the Lien of each the Security Instrument and the other Loan Documents on the Property.
Appears in 1 contract
Sources: Loan Agreement (AmREIT, Inc.)