Common use of Addition of Unencumbered Properties Clause in Contracts

Addition of Unencumbered Properties. The Borrower may at any time and from time to time designate additional Unencumbered Properties meeting the definition of Unencumbered Properties by providing an updated Schedule 5.19 and the appropriate Subsidiary Guarantees, at which time such additional Unencumbered Properties shall be included for purposes of determining the Borrower’s compliance with the financial covenants under Sections 7.09(f), (g) and (h) and the amount that may be borrowed hereunder.

Appears in 5 contracts

Samples: Credit and Term Loan Agreement (Black Creek Diversified Property Fund Inc.), Credit and Term Loan Agreement (Dividend Capital Diversified Property Fund Inc.), Term Loan Agreement (Industrial Income Trust Inc.)

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Addition of Unencumbered Properties. The Borrower may at any time and from time to time designate additional Unencumbered Properties meeting the definition of Unencumbered Properties by providing an updated Schedule 5.19 and the appropriate Subsidiary Guarantees, at which time such additional Unencumbered Properties shall be included for purposes of determining the Borrower’s compliance with the financial covenants under Sections 7.09(f7.11(f), (g) and (h) and the amount that may be borrowed hereunder.

Appears in 1 contract

Samples: Credit Agreement (Industrial Income Trust Inc.)

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Addition of Unencumbered Properties. The Borrower may at any time and from time to time designate additional Unencumbered Properties meeting the definition of an Unencumbered Properties Property by providing an updated Schedule 5.19 7.1(s) and the appropriate Subsidiary Guarantees, at which time such additional Unencumbered Properties shall be included for purposes of determining the Borrower’s compliance with the financial covenants under Sections 7.09(f10.1(f), (g) and (h) and the amount that may be borrowed hereunder.

Appears in 1 contract

Samples: Credit Agreement (Dividend Capital Diversified Property Fund Inc.)

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