Common use of Unencumbered Properties Clause in Contracts

Unencumbered Properties. Each Property included in any calculation of Unencumbered Asset Value or Unencumbered NOI satisfied, at the time of such calculation, all of the requirements contained in the definition of “Unencumbered Property Criteria.”

Appears in 18 contracts

Samples: Credit Agreement (Empire State Realty Trust, Inc.), Credit Agreement (Empire State Realty OP, L.P.), Credit Agreement (Empire State Realty OP, L.P.)

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Unencumbered Properties. Each Property included in any calculation of Unencumbered Asset Value or Unencumbered NOI satisfied, at the time of such calculation, all of the requirements contained in the definition of “Eligible Property”. Each Property included in any calculation of Unencumbered Property CriteriaPool Value satisfied, at the time of such calculation, all of the requirements contained in the definition of “Eligible Property”.

Appears in 10 contracts

Samples: Credit Agreement (Elme Communities), Credit Agreement (Elme Communities), Credit Agreement (Washington Real Estate Investment Trust)

Unencumbered Properties. Each Property included in any calculation of Unencumbered Asset Value or Unencumbered NOI satisfied, at the time of such calculation, all of the requirements contained in the definition of “Eligible Property”. Each Property included in calculations of Unencumbered Property CriteriaAsset Value satisfied, at the time of such calculation, all of the requirements contained in the definition of “Eligible Property”.

Appears in 5 contracts

Samples: Credit Agreement (American Homes 4 Rent, L.P.), Credit Agreement (American Homes 4 Rent, L.P.), Credit Agreement (American Homes 4 Rent, L.P.)

Unencumbered Properties. Each Property included in any the calculation of Unencumbered Asset Value or Unencumbered NOI satisfied, at the time of such calculation, satisfies all of the requirements contained in the definition of Unencumbered Property CriteriaProperty.

Appears in 4 contracts

Samples: Pledge Agreement (Sunstone Hotel Investors, Inc.), Pledge Agreement (Sunstone Hotel Investors, Inc.), Note and Guarantee Agreement (Sunstone Hotel Investors, Inc.)

Unencumbered Properties. Each Property included in any calculation of Unencumbered Asset Value or Unencumbered NOI satisfied, at the time of such calculation, all of the requirements contained in the definition of “Unencumbered Property Criteria.” 115

Appears in 2 contracts

Samples: Credit Agreement (Empire State Realty OP, L.P.), Credit Agreement (Empire State Realty Trust, Inc.)

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Unencumbered Properties. Each Property included in any calculation of Unencumbered Asset Value or Unencumbered NOI satisfied, at the time of such calculation, all of the requirements contained in the definition of “Unencumbered Property Criteria.

Appears in 1 contract

Samples: Term Loan Agreement (CIM Commercial Trust Corp)

Unencumbered Properties. Each Property included in any calculation of Unencumbered Asset Value or Unencumbered NOI satisfied, at the time of such calculation, satisfies all of the requirements contained in the definition of “Unencumbered Property Criteria.”

Appears in 1 contract

Samples: Guaranty Agreement (Empire State Realty OP, L.P.)

Unencumbered Properties. Each Property included in any calculation of Unencumbered Asset Value or Unencumbered NOI satisfied, at the time of such calculation, all of the requirements contained in the definition of “Eligible Property”. Each Property included in any calculation of Unencumbered Property CriteriaPool Value satisfied, at the time of such calculation, all of the requirements contained in the definition of “Eligible Property”. Section 6.2.

Appears in 1 contract

Samples: Credit Agreement (Washington Real Estate Investment Trust)

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