Common use of Initial Unencumbered Properties Clause in Contracts

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. As of The Properties identified on Schedule 1.01(b). shall, on the Closing Date, be the Initial initial Unencumbered Properties, and the Unencumbered Asset Value initially attributable to such Unencumbered Properties shall consist of the Properties be as set forth in the Compliance Certificate delivered to the Administrative Agent on Schedule 4.01the Closing Date.