California Collateral Pool Guarantor means, at any given time, any wholly-owned Subsidiary of the OP Borrower which owns a Real Property Asset located in the State of California and which is included as a Collateral Pool Property. For clarity, each California Collateral Pool Guarantor shall satisfy the Collateral Pool Property Deliverables with respect to its Collateral Pool Property and shall be a “Loan Party” and a “Guarantor” hereunder but shall not be a “Borrower” hereunder.