Initial Unencumbered Properties. As of the Closing Date, the Initial Unencumbered Properties shall consist of the Properties set forth on Schedule 4.01.
Initial Unencumbered Properties. Collectively, each property listed on Schedule UP as of the Closing Date.
Initial Unencumbered Properties. On the Effective Date the Properties identified on Schedule 4.1. shall be Unencumbered Properties.
Initial Unencumbered Properties. 1. Data Center Facility known as ACC2, located at 00000 Xxxxxx Xxxxx, Xxxxxxx, Xxxxxxxx, and owned by Rhino Equity LLC;
Initial Unencumbered Properties. As of the Closing Date, the Unencumbered Properties shall consist of the Initial Unencumbered Properties.
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.
Initial Unencumbered Properties. As of the Closing Date, the Unencumbered Properties shall consist of the Initial Unencumbered Properties; provided that the Property known as Courtyard by Marriott Downtown Oakland and located at 000 Xxxxxxxx, Xxxxxxx Xxxxxxxxxx, 00000, may be excluded from the Unencumbered Property Pool by the Required Lenders if a closure letter issued by the City of Oakland is not delivered by Borrower on or before August 6, 2012; it being acknowledged, however that Borrower shall have no obligation to obtain any such closure letter.
Initial Unencumbered Properties. The definition of Initial Unencumbered Properties shall be deleted in its entirety.
Initial Unencumbered Properties. The Properties identified on Schedule 4.1. shall, on the First Amendment Date, be Unencumbered Properties.
Initial Unencumbered Properties. As of the Closing Date, the Unencumbered Property Pool shall consist of the Initial Unencumbered Properties and any Additional Unencumbered Properties that are added to the Unencumbered Property Pool prior to the Closing Date pursuant to Sections 4.02 and 4.03. D-2216575_11.doc 35
