Initial Unencumbered Properties definition

Initial Unencumbered Properties means the Acceptable Properties listed on Schedule 4.01, and “Initial Unencumbered Property” means any one of the Initial Unencumbered Properties.

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Initial Unencumbered Properties is defined in Section 2.24.

Initial Unencumbered Properties means the Acceptable Properties listed on Schedule 4.01 , and “ Initial Unencumbered Property ” means any one of the Initial Unencumbered Properties.

Examples of Initial Unencumbered Properties in a sentence

As of the Closing Date, the Initial Unencumbered Properties shall consist of the Properties set forth on Schedule 4.01.
The Agent shall have received an executed Property Addition Request in respect of the Initial Unencumbered Properties and evidence reasonably satisfactory to Agent that all Liens (other than Permitted Liens) in respect of Unencumbered Properties shall have been terminated (or shall be terminated upon disbursement of the initial Loans).
The definition of Initial Unencumbered Properties shall be deleted in its entirety.
As of the Closing Date, the Unencumbered Properties shall consist of the Initial Unencumbered Properties.
At all times during the term of this Agreement, the Borrower shall cause the Borrower and the Guarantors to continue to own or ground-lease (in a manner that satisfies the criteria for an Unencumbered Property set forth in the definition thereof) at least 66 2/3% (by Unencumbered Asset Value) of the Unencumbered Properties that comprise the Initial Unencumbered Properties.

More Definitions of Initial Unencumbered Properties

Initial Unencumbered Properties means the Unencumbered Properties that are included in the Unencumbered Pool as of the Closing Date, which are listed on Schedule 2.17 on the date hereof.

Initial Unencumbered Properties means, the Unencumbered Properties that are included in the Unencumbered Pool as of the Closing Date, which are listed on Schedule IV on the date hereof.

Initial Unencumbered Properties means, the Unencumbered Properties that are included in the Unencumbered Pool as of the ClosingFirst Amendment Effective Date, which are listed on Schedule IV on the date hereofFirst Amendment Effective Date.

Initial Unencumbered Properties means those Unencumbered Properties comprising the Pool on the Closing Date, as set forth in the initial Compliance Certificate attached hereto as SCHEDULE C.

Initial Unencumbered Properties certain Properties listed on Schedule 4.01, which, pursuant to the Disposition Agreements, certain purchasers have agreed to purchase pursuant to the terms set forth in the applicable Disposition Agreements; provided that such purchasers remain obligated to purchase such Properties under the applicable Disposition Agreements at the acquisition price set forth on Schedule 4.01 or such other acquisition price as approved by Administrative Agent.

Initial Unencumbered Properties means the Properties listed on Schedule 4.01, and

Initial Unencumbered Properties means all such Student Housing Properties, collectively.

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