Unencumbered Pool Requirements. The Borrower shall cause the Available Amount to at all times comply with the Unencumbered Pool Requirements; provided that if the requirements of the definition of Unencumbered Pool Requirements are not met at any time, then within five (5) Business Days of such failure either (i) the Borrower shall have cured such failure or (ii) the Borrower shall have delivered an updated Available Amount Certificate in form and substance reasonably acceptable to the Administrative Agent evidencing the reduction or removal of any applicable Eligible Property’s Unencumbered Pool Value from the Available Amount to the extent necessary to cause such failure to no longer exist.
Appears in 2 contracts
Sources: Credit Agreement (American Finance Trust, Inc), Credit Agreement (American Realty Capital - Retail Centers of America, Inc.)