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Common use of Unencumbered Pool Clause in Contracts

Unencumbered Pool. If any Guarantor owns an Eligible Qualified Property in the Unencumbered Pool, then such Guarantor agrees: (a) that it will not grant or allow to exist any Lien on such property other than Permitted Encumbrances; and (b) that it is bound by, and will not enter into any restrictive agreements prohibited by, Section 6.08 of the Credit Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Hines Global REIT, Inc.), Acquisition Credit Agreement (Hines Real Estate Investment Trust Inc), Credit Agreement (Hines Global REIT, Inc.)

Unencumbered Pool. If any Guarantor owns an Eligible Qualified Property in the Unencumbered Pool, then such Guarantor agrees: (a) that it will not grant or allow to exist any Lien on such property other than Permitted Encumbrances; and (b) that it is bound by, and will not enter into any restrictive agreements prohibited by, Section 6.08 of the Credit Agreement.. HOU:0007002/04558:1716085v10

Appears in 1 contract

Samples: Credit Agreement (Hines Real Estate Investment Trust Inc)