Land Assets. Land 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 7 contracts
Sources: Credit Agreement (Gladstone Commercial Corp), Credit Agreement (Highlands REIT, Inc.), Credit Agreement (QTS Realty Trust, Inc.)