Palexxxx Xxxperty Sample Clauses

Palexxxx Xxxperty. The Palexxxx Xxxperty is hereby added to the Unencumbered Asset Pool for purposes of compliance with Articles V, VI and VII of the Credit Agreement, notwithstanding the Liens encumbering such Property, which Liens shall constitute Permitted Liens; provided, however, that it shall be excluded from the Unencumbered Asset Pool upon the occurrence of (i) any event described in Section 2.13(b) or (ii) any pledge, transfer, sale, exchange, remarketing or refunding of the Palexxxx Xxxd. Any calculations in respect of Unencumbered Asset Pool Value shall not take into account any amount whatsoever in respect of the Palexxxx Xxxperty, other than the Palexxxx Xxxd Value.
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