Common use of Unencumbered Pool NOI Clause in Contracts

Unencumbered Pool NOI. As of any date of calculation, the aggregate Adjusted Net Operating Income from all Unencumbered Properties for the trailing twelve (12) months; provided that, for calculation purposes, (i) revenues from any single tenant (together with its Affiliates) shall be limited to less than or equal to ten percent (10%) of the Unencumbered Pool NOI at any time; (ii) from and after October 1, 2021, the aggregate Adjusted Net Operating Income from Unencumbered Properties located in any single metropolitan statistical area shall be limited to less than or equal to twenty five percent (25%) of the Unencumbered Pool NOI at any time, provided; however, for the two (2) calendar quarters immediately following the acquisition of additional Unencumbered Properties financed principally with Unsecured Indebtedness, such limit shall be increased to thirty percent (30%), provided that such increased limit shall only be permitted up to two (2) times during the term of this Agreement (as may be extended in accordance with the terms hereof); and (iii) Adjusted Net Operating Income from Unencumbered Properties that are subject to a Ground Lease shall be limited to less than or equal to fifteen percent (15%) of the Unencumbered Pool NOI at any time.