Undeveloped Land. As of any date of determination, any real property owned ---------------- by the Borrower or any of its Subsidiaries which has not been, or is not in the process of being, developed into a Stopping Center or Petro:Lube within one year from the date of such acquisition.
Appears in 2 contracts
Sources: Revolving Credit and Term Loan Agreement (Petro Stopping Centers Holdings Lp), Revolving Credit and Term Loan Agreement (Petro Stopping Centers L P)
Undeveloped Land. As of any date of determination, any real property owned ---------------- ----------- ---- by the Borrower or any of its Subsidiaries which has not been, or is not in the process of being, developed into a Stopping Center or Petro:Lube within one year from the date of such acquisition.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Petro Stopping Centers L P)