Common use of Potential Collateral Clause in Contracts

Potential Collateral. Any property of the Borrower which is not at the time included in the Collateral and which consists of (i) Eligible Real Estate and (ii) Real Estate which is capable of becoming Eligible Real Estate through the approval of the Majority Banks and the completion and delivery of Eligible Real Estate Qualification Documents.

Appears in 4 contracts

Samples: Master Revolving Credit Agreement (Ramco Gershenson Properties Trust), Master Revolving Credit Agreement (Ramco Gershenson Properties Trust), Master Revolving Credit Agreement (Ramco Gershenson Properties Trust)

AutoNDA by SimpleDocs

Potential Collateral. Any property of the Borrower or a Subsidiary Guarantor which is not at the time included in the Collateral and which consists of (i) Eligible Real Estate and Estate, or (ii) Real Estate which is capable of becoming Eligible Real Estate through the approval of the Majority Banks and the completion and delivery of Eligible Real Estate Qualification Documents.

Appears in 4 contracts

Samples: Credit Agreement (Plymouth Industrial REIT Inc.), Credit Agreement (Wheeler Real Estate Investment Trust, Inc.), Credit Agreement (Plymouth Industrial REIT Inc.)

Potential Collateral. Any property of the Borrower or a Wholly Owned Subsidiary which is not at the time included in the Collateral and which consists of (i) Eligible Real Estate and Estate, or (ii) Real Estate which is capable of becoming Eligible Real Estate through the approval of the Majority Banks Agent or the Lenders, as applicable, and the completion and delivery of Eligible Real Estate Qualification Documents.

Appears in 4 contracts

Samples: Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Carter Validus Mission Critical REIT, Inc.), Credit Agreement (Carter Validus Mission Critical REIT, Inc.)

Potential Collateral. Any property of the Borrower or a Subsidiary Guarantor which is not at the time included in the Collateral and which consists of (i) Eligible Real Estate and Estate, or (ii) Real Estate which is capable of becoming Eligible Real Estate through the approval of the Majority Banks Required Lenders and the completion and delivery of Eligible Real Estate Qualification Documents.

Appears in 3 contracts

Samples: Assignment and Acceptance Agreement (Republic Property Trust), Credit Agreement (Behringer Harvard Reit I Inc), Loan Agreement (Republic Property Trust)

Potential Collateral. Any property of the Parent Borrower or a Subsidiary Borrower which is not at the time included in the Collateral and which consists of (i) Eligible Real Estate and Estate, or (ii) Real Estate which is capable of becoming Eligible Real Estate through the approval of the Majority Banks Required Lenders and the completion and delivery of Eligible Real Estate Qualification Documents.

Appears in 3 contracts

Samples: Credit Agreement (CoreSite Realty Corp), Credit Agreement (CoreSite Realty Corp), Credit Agreement (Dupont Fabros Technology, Inc.)

Potential Collateral. Any property of the Borrower or a Wholly Owned Subsidiary which is not at the time included in the Collateral and which consists of (i) Eligible Real Estate and Estate, or (ii) Real Estate which is capable of becoming Eligible Real Estate through the approval of the Majority Banks Required Lenders and the completion and delivery of Eligible Real Estate Qualification Documents.

Appears in 2 contracts

Samples: Credit Agreement (Tier Reit Inc), Credit Agreement (Behringer Harvard Reit I Inc)

Potential Collateral. Any property (a) Equity Interests in a Wholly-Owned Subsidiary of the Borrower which is not at the time included in the Collateral and which consists whose assets consist of (i) Eligible Real Estate and Estate, or (ii) Real Estate which is capable of becoming Eligible Real Estate through the approval of the Majority Banks Required Lenders, and the completion and delivery of Eligible Real Estate Qualification DocumentsDocuments as required by the Agent, or (b) Borrowing Base Loan.

Appears in 2 contracts

Samples: Credit Agreement (MedEquities Realty Trust, Inc.), Credit Agreement (MedEquities Realty Trust, Inc.)

Potential Collateral. Any property of the Borrower or a Wholly Owned Subsidiary of Borrower which is not at the time included in the Collateral and which consists of (i) Eligible Real Estate and (ii) Real Estate which is capable of becoming Eligible Real Estate through the approval satisfaction of the Majority Banks conditions in §7.19 and the completion and delivery of Eligible Real Estate Qualification Documents.

Appears in 2 contracts

Samples: Secured Master Loan Agreement (Ramco Gershenson Properties Trust), Secured Master Loan Agreement (Ramco Gershenson Properties Trust)

Potential Collateral. Any property of the Parent Borrower or a Subsidiary Credit Party which is not at the time included in the Collateral and which consists of (i) Eligible Real Estate and Estate, or (ii) Real Estate which is capable of becoming Eligible Real Estate through the approval of the Majority Banks Required Lenders and Agent and the completion and delivery of Eligible Real Estate Qualification Documents.

Appears in 2 contracts

Samples: Credit Agreement (Bluerock Residential Growth REIT, Inc.), Credit Agreement (Bluerock Residential Growth REIT, Inc.)

Potential Collateral. Any property of the Borrower or a Guarantor which is not at the time included in the Collateral and which consists of (i) Eligible Real Estate and Estate, or (ii) Real Estate which is capable of becoming Eligible Real Estate through the approval of the Majority Banks Required Lenders and the completion and delivery of Eligible Real Estate Qualification Documents. Pricing Level. Such term shall have the meaning established within the definition of Applicable Margin.

Appears in 2 contracts

Samples: Master Credit Agreement (JDN Realty Corp), Master Credit Agreement (JDN Realty Corp)

Potential Collateral. Any property of the Parent Borrower or a Subsidiary Credit Party which is not at the time included in the Collateral and which consists of (i) Eligible Real Estate and Estate, or (ii) Real Estate which is capable of becoming Eligible Real Estate through the approval of the Majority Banks and the completion and delivery of Eligible Real Estate Qualification Documents.

Appears in 2 contracts

Samples: Credit Agreement (City Office REIT, Inc.), Credit Agreement (City Office REIT, Inc.)

Potential Collateral. Any property Equity Interests in a Wholly-Owned Subsidiary of the Borrower which is not at the time included in the Collateral and which consists whose assets consist of (i) Eligible Real Estate and Estate, or (ii) Real Estate which is capable of becoming Eligible Real Estate through the approval of the Majority Banks Required Lenders, and the completion and delivery of Eligible Real Estate Borrowing Base Qualification DocumentsDocuments as required by the Agent.

Appears in 2 contracts

Samples: Credit Agreement (Modiv Inc.), Credit Agreement (Four Springs Capital Trust)

Potential Collateral. Any property of the Parent Borrower or a Subsidiary Borrower which is not at the time included in the Collateral and which consists of (i) Eligible Real Estate and Estate, or (ii) Real Estate which is capable of becoming Eligible Real Estate through the approval of the Majority Banks and the completion and delivery of Eligible Real Estate Qualification Documents. Pricing Level. Such term shall have the meaning established within the definition of Applicable Margin.

Appears in 1 contract

Samples: Credit Agreement (Independence Realty Trust, Inc)

AutoNDA by SimpleDocs

Potential Collateral. Any property Real Estate of the Borrower or a Wholly-Owned Subsidiary which is not at the time included in the Collateral and which consists of (ia) Eligible Real Estate and Estate, or (iib) Real Estate which is capable of becoming Eligible Real Estate through the approval of the Majority Banks Lenders, and the completion and delivery of Eligible Real Estate Qualification DocumentsDocuments as required by the Agent.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (American Realty Capital Healthcare Trust Inc)

Potential Collateral. Any property of the Borrower which is not at the time included in the Collateral and which consists of (i) Eligible Real Estate and which is a Stabilized Property, (ii) Real Estate which is a Non- Stabilized Property which is capable of becoming Eligible Real Estate through the approval of the Majority Banks and the completion and delivery of Eligible Real Estate Qualification Documents, (iii) cash, (iv) Short-term Investments and (v) other property referred to in clause (vi) of Section 5.1.

Appears in 1 contract

Samples: Loan Agreement (Wellsford Real Properties Inc)

Potential Collateral. Any property Property of the Borrower or a Subsidiary which is not at the time included in the Collateral Pool Properties and which consists of (i) Eligible Real Estate and Estate, or (ii) Real Estate Property which is capable of becoming Eligible Real Estate through the approval of the Majority Agent and the Required Banks and the completion and delivery of Eligible Real Estate Qualification Documents.

Appears in 1 contract

Samples: Loan Agreement (NNN Healthcare/Office REIT, Inc.)

Potential Collateral. Any property (a) Real Estate of the Borrower or a Subsidiary Guarantor which is not at the time included in the Collateral and which consists of (i) Eligible Real Estate and Estate, or (ii) Real Estate which is capable of becoming Eligible Real Estate through the approval of the Majority Banks Required Lenders, and the completion and delivery of Eligible Real Estate Qualification DocumentsDocuments as required by the Agent, or (b) Borrowing Base Loan.

Appears in 1 contract

Samples: Credit Agreement (NorthStar Healthcare Income, Inc.)

Potential Collateral. Any property of the Borrower or a Guarantor which is not at the time included in the Collateral and which consists of (i) Eligible Real Estate and Estate, or (ii) Real Estate which is capable of becoming Eligible Real Estate through the approval of the Majority Banks Required Lenders and the completion and delivery of Eligible Real Estate Qualification Documents.

Appears in 1 contract

Samples: Master Credit Agreement (Entertainment Properties Trust)

Potential Collateral. Any property Real Estate of the Wholly-Owned Subsidiary of Borrower which is not at the time included in the Collateral and which consists of (ia) Eligible Real Estate and Estate, or (iib) Real Estate which is capable of becoming Eligible Real Estate through the approval of the Majority Banks and subject to the completion and delivery of Eligible Real Estate Qualification DocumentsDocuments as required hereunder.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (American Realty Capital Healthcare Trust II, Inc.)

Potential Collateral. Any property of the Borrower Real Estate which is not at the time included in the Collateral and which Real Estate consists of (i) Eligible Real Estate and the related rights under an Operating Lease, or (ii) Real Estate which is capable of becoming Eligible Real Estate through the approval of the Majority Banks Required Lenders and the related rights under the Operating Lease, and the completion and delivery of Eligible Real Estate Borrowing Base Qualification DocumentsDocuments as required by the Agent and the related rights under an Operating Lease.

Appears in 1 contract

Samples: Credit Agreement (Condor Hospitality Trust, Inc.)

Potential Collateral. Any property of the Borrower which is not at the time included in the Collateral and which consists of (i) Eligible Real Estate and which is a Stabilized Property, (ii) Real Estate which is a Non- Stabilized Property which is capable of becoming Eligible Real Estate through the approval of all of the Majority Banks and the completion and delivery of Eligible Real Estate Qualification Documents, (iii) cash, (iv) Short-term Investments and (v) other property referred to in clause (v) of Section 5.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Wellsford Real Properties Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.