Definition of Potential Unencumbered Asset


Potential Unencumbered Asset means a Hotel Asset that is (i) owned by a Subsidiary Guarantor on the date hereof and (ii) that meets all of the Unencumbered Asset Pool Conditions other than clauses (f) and (g) of the definition of Unencumbered Asset Pool Conditions.

Examples of Potential Unencumbered Asset in a sentence

Potential Unencumbered Asset: Any property of Borrower or a Subsidiary Guarantor which is not at the time included in the Unencumbered Asset Pool and which consists of (i) Eligible Real Estate, or (ii) Real Estate which is capable of becoming Eligible Real Estate in accordance with SS 5.1.