Minimum Unencumbered Properties. Maintain at all times at least twenty (20) Unencumbered Assets in the Unencumbered Asset Pool. To the extent any calculations described in Sections 5.04(a) or 5.04(b) are required to be made on any date of determination other than the last day of a fiscal quarter of the Parent Guarantor, such calculations shall be made on a pro forma basis to account for any acquisitions or dispositions of Assets (including in respect of revenues generated by such acquired or disposed of Assets), and the incurrence or repayment of any Debt for Borrowed Money relating to such Assets, that have occurred since the last day of the fiscal quarter of the Parent Guarantor most recently ended. To the extent any calculations described in Sections 5.04(a) or 5.04(b) are required to be made on a Test Date relating to an Advance, a merger permitted under Section 5.02(d), or a Transfer permitted under Section 5.02(e)(ii)(C), such calculations shall be made on a pro forma basis after giving effect to such Advance, merger, Transfer or such other event, as applicable. All such calculations shall be reasonably acceptable to the Administrative Agent.
Minimum Unencumbered Properties. A. Number of Properties in the Unencumbered Property Pool: Minimum required: 5
Minimum Unencumbered Properties. Borrower shall not permit there to be less than five (5) Properties in the Unencumbered Property Pool.
Minimum Unencumbered Properties. CIM Urban REIT and Borrower shall not permit there to be less than five (5) Properties in the Unencumbered Property Pool.
Minimum Unencumbered Properties. A. Total Number of Unencumbered Properties (as set forth on Schedule 2): Minimum required: 15 XII. Section 8.16(c) – Occupancy Rate.
