Unencumbered Operating Properties. (a) The Borrowers shall at all times own Unencumbered Operating Properties which satisfy all of the following conditions:
Appears in 3 contracts
Samples: Revolving Credit Agreement (Walden Residential Properties Inc), Term Loan Agreement (Walden Residential Properties Inc), Revolving Credit Agreement (Walden Residential Properties Inc)
Unencumbered Operating Properties. (a) The Borrowers Borrower shall (subject to the caveat set forth in the definition of Unencumbered Operating Properties) at all times own Unencumbered Operating Properties which satisfy all of the following conditions:
Appears in 2 contracts
Samples: Revolving Credit Agreement (New Plan Excel Realty Trust Inc), Revolving Credit Agreement (Excel Realty Trust Inc)
Unencumbered Operating Properties. (a) The Borrowers Borrower and Walden shall (subject xx xxe caveat set forth in the definition of Unencumbered Operating Properties) at all times own Unencumbered Operating Properties which satisfy all of the following conditions:
Appears in 2 contracts
Samples: Revolving Credit Agreement (Walden Residential Properties Inc), Revolving Credit Agreement (Walden Residential Properties Inc)
Unencumbered Operating Properties. (a) The Borrowers Borrower shall at all times own Unencumbered Operating Properties which satisfy all of the following conditions:
Appears in 1 contract
