Land Assets. Land to be developed as a commercial single-tenant income producing property with respect to which the commencement of grading, construction of improvements (other than improvements that are not material and are temporary in nature) or infrastructure has not yet commenced and for which no such work is reasonably scheduled to commence within the following twelve (12) months.
Appears in 8 contracts
Samples: Term Credit Agreement, Credit Agreement (Global Net Lease, Inc.), Credit Agreement (Global Net Lease, Inc.)
Land Assets. Land to be developed as a commercial single-tenant or multi-tenant (up to three (3) tenants) income producing property with respect to which the commencement of grading, construction of improvements (other than improvements that are not material and are temporary in nature) or infrastructure has not yet commenced and for which no such work is reasonably scheduled to commence within the following twelve (12) months.
Appears in 3 contracts
Samples: Credit Agreement (Four Springs Capital Trust), Term Loan Agreement (Four Springs Capital Trust), Credit Agreement (Four Springs Capital Trust)
Land Assets. Land to be developed as a commercial singlesingle- or multiple-tenant income producing property with respect to which the commencement of grading, construction of improvements (other than improvements that are not material and are temporary in nature) or infrastructure has not yet commenced and for which no such work is reasonably scheduled to commence within the following twelve (12) months.
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