Definition of Pooled Properties


Pooled Properties means, collectively, the Property and the Affiliate Property.
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Examples of Pooled Properties in a sentence

The Security Instruments provide, without limitation, that upon the occurrence of an event of default under the terms and conditions of any of the Pooled Loans, Lender shall be entitled to exercise any and all remedies under any Security Instrument and/or mortgages, deeds to secure debt, or deeds of trust securing the Pooled Loans, including but not limited to, accelerating each of the Pooled Notes and conducting a foreclosure sale on any one or more of the Pooled Properties.
The Security Instruments provide, without limitation, that upon the occurrence of an Event of Default, under the terms and conditions of any of the Pooled Loans, Lender shall be entitled to exercise any and all remedies under any Security Instrument and/or mortgages, deeds to secure debt, or deeds of trust securing the Pooled Loans, including but not limited to, accelerating each of the Pooled Notes and conducting a foreclosure sale on any one or more of the Pooled Properties.
Such books shall state all dealings or transactions with respect to such Project or the Pooled Properties.
For purposes of calculating the outstanding principal balance of all debt on the Pooled Properties, Borrower shall provide Lender with a certificate from every mortgagee with any debt on any of the Pooled Properties, which certificate shall state the outstanding principal balance of such mortgagee"s loan(s) secured by any of the Pooled Properties.
A "LOAN" shall mean any individual advance of a portion of the outstanding principal amount advanced pursuant to the terms of this Loan Agreement which is secured by a separate Project or Projects or the Hilcoast Note Receivable or, with respect to CAPEX Draws only, by Borrower"s ownership interests in the Pooled Properties.