Common use of Acquisition of Eligible Property Clause in Contracts

Acquisition of Eligible Property. If proceeds of Loans advanced hereunder will be applied in connection with the acquisition of an Eligible Property approved in accordance with the terms of Section 7.3 hereof, the Borrower shall deliver to the Administrative Agent a certified pro forma Borrowing Base Certificate calculated as of the date of any such borrowing and after giving effect to the addition of such Property as an Eligible Property.

Acquisition of Eligible Property. If proceeds of Loans advanced hereunder will be applied in connection with the acquisition of an Eligible Property approved in accordance with the terms of Section 7.3 hereof, the Borrower shall deliver to the Administrative Agent a certified pro forma Borrowing Base Compliance Certificate calculated as of the date of any such borrowing and after giving effect to the addition of such Property as an Eligible Property.