Potential Collateral. Any property of the Borrower, REA or a Guarantor which is not at the time included in the Collateral and which consists of (i) Eligible Real Estate, or (ii) Real Estate which is capable of becoming Eligible Real Estate through the approval of the Majority Lenders and the completion and delivery of Eligible Real Estate Qualification Documents.
Appears in 2 contracts
Sources: Revolving Credit Agreement (American Real Estate Investment Corp), Revolving Credit Agreement (American Real Estate Investment Corp)