Unencumbered Asset Pool. As of the Closing Date, the Unencumbered Asset Pool consists of the Initial Unencumbered Asset Pool and each Property therein is a Class B or better apartment project. Additional Properties, which in all cases must be Class B or better apartment projects, may be offered by Borrower and shall be included in the Unencumbered Asset Pool only in accordance with the following (and any other applicable terms and conditions contained in this Agreement):
Appears in 2 contracts
Sources: Credit Agreement (Apartment Investment & Management Co), Credit Agreement (Apartment Investment & Management Co)