Common use of Unencumbered Asset Clause in Contracts

Unencumbered Asset. Any Real Estate Asset that on any date of determination is not subject to any Liens (except for Permitted Liens).

Appears in 8 contracts

Samples: Term Loan Agreement (Whitestone REIT), Revolving Credit Agreement (First Potomac Realty Trust), Revolving Credit Agreement (First Potomac Realty Trust)

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Unencumbered Asset. Any Real Estate Asset that on any date of determination is not subject to any Liens (except for Liens, excluding any Permitted Liens).

Appears in 5 contracts

Samples: Credit Agreement (Boston Properties LTD Partnership), Credit Agreement (Boston Properties LTD Partnership), Assignment and Assumption (Boston Properties LTD Partnership)

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Unencumbered Asset. Any Real Estate Asset that on any date of determination is not subject to any Liens (except for excluding (i) any such Lien imposed by the organizational documents of the owner of such asset relating solely to a restriction on the timing of any sale or refinancing of such Real Estate Asset which does not materially and adversely affect the value of such Real Estate Asset and with respect to which the Agent has been specifically notified, and (ii) any Permitted Liens).

Appears in 3 contracts

Samples: Credit Agreement (Boston Properties LTD Partnership), Revolving Credit Agreement (Boston Properties Inc), Revolving Credit Agreement (Boston Properties Inc)

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