4 Insert date occurring 2 years after Closing Date.
Unimproved Land (other than land included in the definition of
“Unimproved Land”: Real Estate which is unimproved and on which no development or Construction in Process is in effect.
unimproved land holdings (including through the purchase or other acquisition of all of the Equity Interests of any Person that owns unimproved land holdings);
Joint Ventures and # Other Real Estate Investments exceeds
unimproved land holdings (including through the purchase or other acquisition of all of the Equity Interests of any Person that owns unimproved land holdings);
in the aggregate 20% of Gross Asset Value
in the aggregate 20% of Gross Asset Value
“Unimproved Land”: Real Estate which is unimproved and on which no development or Construction in Process is in effect.
Joint Ventures and # Other Real Estate Investments exceeds
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