Common use of Unencumbered Land Clause in Contracts

Unencumbered Land. The Real Estate Asset commonly referred to as the Sterling Park Land Parcel, so long as such Real Estate Asset is not subject to any Liens, except for Permitted Liens. Unencumbered Pool. As determined from time to time, collectively, the Eligible Unencumbered Properties that the Borrower has designated in writing to be included in the Unencumbered Pool, subject to and in accordance with the terms hereof.

Appears in 2 contracts

Samples: Term Loan Agreement (First Potomac Realty Trust), Revolving Credit Agreement (First Potomac Realty Trust)

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Unencumbered Land. The Real Estate Asset commonly referred to as the Sterling Park Land Parcel, so long as such Real Estate Asset is not subject to any Liens, except for Permitted Liens. Unencumbered Pool. As determined from time to time, collectively, Liens under the Eligible Unencumbered Properties that the Borrower has designated in writing to be included in the Unencumbered Pool, subject to and in accordance with the terms hereofUnsecured Revolver Agreement.

Appears in 2 contracts

Samples: Senior Secured Term Loan Agreement (First Potomac Realty Trust), Senior Secured Term Loan Agreement (First Potomac Realty Trust)

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Unencumbered Land. The Real Estate Asset commonly referred to as the Sterling Park Land Parcel, so long as such Real Estate Asset is not subject to any Liens, except for Permitted Liens. Unencumbered Pool. As determined from time to time, collectively, the Eligible Unencumbered Properties that the Borrower has designated in writing to be included in the Unencumbered Pool, subject to and in accordance with the terms hereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (First Potomac Realty Trust)

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