Related Clauses

Unencumbered Properties
Maintenance of Total Unencumbered Assets
Borrowing Base Properties
Unencumbered Assets
Additional Material Real Estate Assets
Real Estate Assets
Reports of Foreclosure and Abandonment of Mortgaged Properties
After Acquired Real Property
Reports of Foreclosures and Abandonment of Mortgaged Property
Existence, Properties, Etc

Parent Clauses

Definitions
Unencumbered Properties and Portfolio Properties
Agency Provisions Relating to Certain Enforcement Actions 72
Reallocation of Loans on Closing Date
Repayment of the Loans
Interest on Overdue Amounts
Unencumbered Properties No Limitation on Recourse
Certain General Provisions

Sub-Clauses

No Event of Default; Satisfaction of Financial Covenants
Good Standing Certificate for the REIT from the Secretary of State of Maryland
Prior Operating Statements
Compliance Certificate
Conditions Precedent to All Loans and Letters of Credit
REPRESENTATIONS AND WARRANTIES
Consents and Authorizations
Material Adverse Changes
Borrower Authority
REIT Authority

Rejection of Unencumbered Properties. If at any time the Agent determines that any Property listed as an Unencumbered Property by the Borrower does not satisfy all of the requirements of the definition of Unencumbered Property (to the extent not waived by the Requisite Lenders pursuant to Section 3.2) it may reject an Unencumbered Property by notice to the Borrower and if the Agent so requests the Borrower shall revise the applicable Compliance Certificate to reflect the resulting change in the Value of All Unencumbered Properties and the Unencumbered Net Operating Income.

Appears in 3 contracts

Samples: Credit Agreement (CPG Partners Lp), Term Loan Agreement (Chelsea Property Group Inc), Credit Agreement (Chelsea Property Group Inc)

Rejection of Unencumbered Properties. If at any time the Agent determines that any Property listed as an Unencumbered Property by the Borrower does not satisfy all of the requirements of the definition of Unencumbered Property (to the extent not waived by the Requisite Lenders pursuant to ~~Section~~ SECTION 3.2) it may reject an Unencumbered Property by notice to the Borrower and if the Agent so requests the Borrower shall revise the applicable Compliance Certificate to reflect the resulting change in the Value of All Unencumbered Properties and the Unencumbered Net Operating Income.

Appears in 3 contracts

Samples: Term Loan Agreement (Chelsea Gca Realty Inc), Term Loan Agreement (Chelsea Gca Realty Partnership Lp), Credit Agreement (Chelsea Gca Realty Inc)

Rejection of Unencumbered Properties. If at any time the Agent determines that any ~~Property~~ Real Estate Asset listed as an Unencumbered Property by the Borrower does not satisfy all of the requirements of the definition of Unencumbered Property (to the extent not waived by the Requisite ~~Lenders~~ Banks pursuant to ~~Section 3.2~~5.2) it may reject an Unencumbered Property by notice to the Borrower and if the Agent so requests the Borrower shall revise the applicable Compliance Certificate to reflect the resulting change in the Value of All Unencumbered Properties and the Unencumbered Net Operating Income.

Appears in 1 contract

Samples: Term Loan Agreement (Liberty Property Limited Partnership)

Common use of Rejection of Unencumbered Properties Clause in Contracts