Partial Release definition
Examples of Partial Release in a sentence
Notwithstanding anything to the contrary herein, no invoice submitted for a partial or progress payment shall be processed unless and until Contractor furnishes to Con ▇▇▇▇▇▇ a Contractor Affidavit – Partial Release And Waiver of Lien and for each subcontractor, a Subcontractor Affidavit – Partial Release of ▇▇▇▇, ▇▇▇▇ executed and delivered by Contractor and its Subcontractors at issue, as applicable.
Borrower shall pay or reimburse Lender for all reasonable costs and expenses incurred by Lender in connection with such request for a Partial Release, including, but not limited to, the preparation, negotiation and review of any and all materials required to be provided in connection therewith (including Lender’s reasonable attorneys’ fees and expenses).
No more than two Partial Release Properties may be released during the term of the Loan.
No Partial Release of the Partial Release Property will be permitted on or after the First Open Payment Date.
The Partial Release Form shall set forth the number of Shares to be released to Investor and the dollar amount the Escrow Agent shall wire to the Company.