Common use of Unimproved Clause in Contracts

Unimproved. or non-income producing property shall not be acquired except in amounts and upon terms which can be financed by the net proceeds derived from the sale of limited partner interests. No more than 10% of the net proceeds derived from Distributable Cash from Operations.

Appears in 4 contracts

Samples: Carey Diversified Properties LLC, Carey Diversified Properties LLC, Carey Diversified Properties LLC

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Unimproved. or non-income producing property shall not be acquired except in amounts and upon terms which can be financed by the net proceeds derived from the sale of limited partner interests. No more than 10% of the net proceeds derived from Distributable Cash from From Operations.

Appears in 2 contracts

Samples: Carey Diversified Properties LLC, Carey Diversified Properties LLC

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Unimproved. or non-income producing property shall not be acquired except in amounts and upon terms which can be financed by the net proceeds derived from the sale of limited partner interests. No more than 10% of the net proceeds derived from Distributable Cash from From Operations.

Appears in 1 contract

Samples: Agreement (Carey Diversified Properties LLC)

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