Common use of Unencumbered Pool Properties Clause in Contracts

Unencumbered Pool Properties. Each of the Properties included in calculations of Unencumbered Asset Value satisfies the requirements of the definition of the term “Eligible Property” (except as any such requirements have been waived in writing by the Required Lenders pursuant to Section 23.1) and each Subsidiary that owns an Unencumbered Pool Property is a Guarantor.

Unencumbered Pool Properties. Each of the Properties included in calculations of Unencumbered Asset Value satisfies the requirements of the definition of the term “Eligible Property” (except as any such requirements have been waived in writing by the Required Requisite Lenders pursuant to Section 23.14.1.) and each Subsidiary that owns an Unencumbered Pool Property is a Guarantor.

Unencumbered Pool Properties. Each of the Properties included in calculations of Unencumbered Asset Value satisfies the requirements of the definition of the term “Eligible Property” (except as any such requirements have been waived in writing by the Required Requisite Lenders pursuant to Section 23.14.1.) and until the Investment Grade Rating Date, each Subsidiary that owns or leases an Unencumbered Pool Property is a Guarantor.