Properties Under Development. Except as disclosed to Lender in writing, no Collateral Pool Property shall be raw land or property under construction or development with respect to which property construction or reconstruction will be needed before the property can be leased to tenants paying rent.
Appears in 6 contracts
Samples: Credit Agreement (Mid America Apartment Communities Inc), Credit Agreement (Behringer Harvard Multifamily Reit I Inc), Credit Agreement (Mid America Apartment Communities Inc)
Properties Under Development. Except as disclosed to Lender in writing, no Collateral Pool Property shall be raw land or property under construction or development with respect to which property construction or reconstruction will be needed before the property can be leased to tenants paying rentrent at any one time (collectively "Development Properties").
Appears in 1 contract
Samples: Credit Agreement (Smith Charles E Residential Realty Lp)
