Common use of Unencumbered Properties Clause in Contracts

Unencumbered Properties. Each Property included in any calculation of Unencumbered Asset Value or Unencumbered NOI satisfied, at the time of such calculation, all of the requirements contained in the definition of “Unencumbered Property Criteria.”

Appears in 23 contracts

Sources: Credit Agreement (Empire State Realty OP, L.P.), Note Purchase Agreement (Empire State Realty OP, L.P.), Credit Agreement (Empire State Realty OP, L.P.)

Unencumbered Properties. Each Property included in any calculation of Unencumbered Asset Value or Unencumbered NOI satisfied, at the time of such calculation, all of the requirements contained in the definition of “Eligible Property”. Each Property included in any calculation of Unencumbered Property CriteriaPool Value satisfied, at the time of such calculation, all of the requirements contained in the definition of “Eligible Property”.

Appears in 11 contracts

Sources: Credit Agreement (Elme Communities), Credit Agreement (Elme Communities), Credit Agreement (Washington Real Estate Investment Trust)

Unencumbered Properties. Each Property included in any calculation of Unencumbered Asset Value or Unencumbered NOI satisfied, at the time of such calculation, all of the requirements contained in the definition of “Eligible Property”. Each Property included in calculations of Unencumbered Property CriteriaAsset Value satisfied, at the time of such calculation, all of the requirements contained in the definition of “Eligible Property”.

Appears in 5 contracts

Sources: Credit Agreement (American Homes 4 Rent, L.P.), Amendment No. 1 to Amended and Restated Credit Agreement (American Homes 4 Rent, L.P.), Credit Agreement (American Homes 4 Rent, L.P.)

Unencumbered Properties. Each Property included in any calculation calculations of the Unencumbered Asset Value or Unencumbered NOI satisfied, at the time of such calculation, satisfies all of the requirements contained (including those in the definition of “Unencumbered Property CriteriaEligible Property”) contained in this Agreement for the same to be included therein.

Appears in 5 contracts

Sources: Term Loan Agreement (CBL & Associates Properties Inc), Credit Agreement (CBL & Associates Properties Inc), Credit Agreement (CBL & Associates Properties Inc)

Unencumbered Properties. Each Property included in any the calculation of Unencumbered Asset Value or Unencumbered NOI satisfied, at the time of such calculation, satisfies all of the requirements contained in the definition of Unencumbered Property CriteriaProperty.

Appears in 4 contracts

Sources: Note and Guarantee Agreement (Sunstone Hotel Investors, Inc.), Note and Guarantee Agreement (Sunstone Hotel Investors, Inc.), Note and Guarantee Agreement (Sunstone Hotel Investors, Inc.)

Unencumbered Properties. Each Property included in any calculation of Unencumbered Asset Value or Unencumbered NOI satisfied, at the time of such calculation, all of the requirements contained in the definition of “Unencumbered Property Criteria.

Appears in 1 contract

Sources: Term Loan Agreement (CIM Commercial Trust Corp)

Unencumbered Properties. Each Property included in any calculation of Unencumbered Asset Value or Unencumbered NOI satisfied, at the time of such calculation, satisfies all of the requirements contained in the definition of “Unencumbered Property Criteria.”

Appears in 1 contract

Sources: Note Purchase Agreement (Empire State Realty OP, L.P.)