Property Pool. (a) The Borrower (or a Subsidiary of the Borrower if the conditions in clause (c) below are satisfied) will at all times own fee simple title to a pool (the “Pool”) of Real Property that is not subject to any Lien other than Permitted Encumbrances (the “Pool Real Estate”) and except as permitted by Section 6.5 with an aggregate Pool Value of at Table of Contents least one hundred sixty-seven percent (167%) of the Borrower’s Indebtedness other than Secured Debt outstanding from time to time, with the following characteristics:
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Samples: Credit Agreement (Archstone Smith Operating Trust), Credit Agreement (Archstone Smith Trust)
Property Pool. (a) The Borrower (or a Subsidiary of the Borrower if the conditions in clause (c) below are satisfied) will at all times own fee simple title to a pool (the “Pool”) of Real Property that is not subject to any Lien other than Permitted Encumbrances (the “Pool Real Estate”) and except as permitted by Section 6.5 with an aggregate Pool Value of at Table of Contents least one hundred sixty-seven percent (167%) of the Borrower’s Indebtedness other than Secured Debt outstanding from time to time, with the following characteristics:
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Property Pool. (a) The Borrower (or a Subsidiary of the Borrower if the conditions in clause (c) below are satisfied) will at all times own fee simple title to a ---------- pool (the “"Pool”") of Real Property that is not subject to mortgaged, pledged, hypothecated, or encumbered in any Lien manner, other than Permitted Encumbrances (the “"Pool Real Estate”") and except as permitted by Section 6.5 with an aggregate Pool Value of at Table of Contents least one hundred sixtyseventy-seven five percent (167175%) of the Borrower’s 's Indebtedness other than Secured Debt outstanding from time to time, with the following characteristics:
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