Common use of Initial Eligible Properties Clause in Contracts

Initial Eligible Properties. The Real Estate identified on Schedule IV shall, on the Effective Date, be the Initial Unencumbered Properties on the ClosingSecond Amendment Effective Date.

Initial Eligible Properties. The Real Estate identified on Schedule IV shall, on the Effective Date, shall be the Initial Unencumbered Properties on the ClosingSecond ClosingFirst Amendment Effective Date.