Common use of Potential Collateral Clause in Contracts

Potential Collateral. Any property of the Borrower or a Wholly Owned Subsidiary of Borrower which is not at the time included in the Collateral and which consists of (i) Eligible Real Estate and (ii) Real Estate which is capable of becoming Eligible Real Estate through the satisfaction of the conditions in §7.19 and the completion and delivery of Eligible Real Estate Qualification Documents.

Appears in 2 contracts

Sources: Secured Master Loan Agreement (Ramco Gershenson Properties Trust), Secured Master Loan Agreement (Ramco Gershenson Properties Trust)

Potential Collateral. Any property of the Borrower or Equity Interests in a Wholly Wholly-Owned Subsidiary of Borrower which is not at the time included in the Collateral and which consists whose assets consist of (i) Eligible Real Estate and Estate, or (ii) Real Estate which is capable of becoming Eligible Real Estate through the satisfaction approval of the conditions in §7.19 Required Lenders, and the completion and delivery of Eligible Real Estate Borrowing Base Qualification DocumentsDocuments as required by the Agent.

Appears in 2 contracts

Sources: Credit Agreement (Modiv Inc.), Credit Agreement (Four Springs Capital Trust)

Potential Collateral. Any property Real Estate of the Borrower or a Wholly Wholly-Owned Subsidiary of Borrower which is not at the time included in the Collateral and which consists of (ia) Eligible Real Estate and Estate, or (iib) Real Estate which is capable of becoming Eligible Real Estate through the satisfaction approval of the conditions in §7.19 Lenders, and the completion and delivery of Eligible Real Estate Qualification DocumentsDocuments as required by the Agent.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (American Realty Capital Healthcare Trust Inc)

Potential Collateral. Any property Equity Interest of the Borrower or in a Wholly Owned Subsidiary of Borrower Guarantor which is not at the time included in the Collateral and which consists of Equity Interests in a wholly-owned Subsidiary of Borrower which owns (i) Eligible Real Estate and (ii) Estate, or Real Estate which is capable of becoming Eligible Real Estate through the satisfaction approval of the conditions in §7.19 Required Lenders and the completion and delivery of Eligible Real Estate Qualification Documents, or (ii) an Eligible Note Receivable.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Gladstone Commercial Corp)

Potential Collateral. Any property Real Estate of the Borrower or a Wholly Wholly-Owned Subsidiary of Borrower which is not at the time included in the Collateral and which consists of (ia) Eligible Real Estate and Estate, or (iib) Real Estate which is capable of becoming Eligible Real Estate through the satisfaction of the conditions in §7.19 and subject to the completion and delivery of Eligible Real Estate Qualification DocumentsDocuments as required hereunder.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (American Realty Capital Healthcare Trust II, Inc.)