Addition of Collateral Properties Sample Clauses

Addition of Collateral Properties. If the Borrower desires to include any additional Property as a Collateral Property (each such addition, a “Collateral Property Addition”), then the Borrower shall so notify the Administrative Agent in writing. No Property may become a Collateral Property unless it is an Eligible Property and unless and until each of the following conditions is satisfied or waived by the Administrative Agent in writing:
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Addition of Collateral Properties. (a) After the Closing Date, Parent Borrower shall have the right, subject to the consent of the Agent and the Required Lenders to the extent required under (v) below (which consent shall not be unreasonably withheld) and the satisfaction by Parent Borrower of the conditions set forth in this §5.3, to add Potential Collateral to the Collateral. In the event Parent Borrower desires to add additional Potential Collateral as aforesaid, Parent Borrower shall provide written notice to the Agent of such request (which the Agent shall promptly furnish to the Lenders), together with all documentation and other information reasonably required to permit the Agent to determine whether such Real Estate is Eligible Real Estate. Thereafter, the Agent shall have ten (10) Business Days from the date of the receipt of such documentation and other information to advise Parent Borrower whether the necessary Lender consent to the acceptance of such Potential Collateral has been received. If a Lender shall fail to respond to Agent within such ten (10) Business Day period, such Lender shall be deemed to have approved such proposed Potential Collateral. Notwithstanding the foregoing, no Potential Collateral shall be included as Collateral unless and until the following conditions precedent shall have been satisfied:
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Addition of Collateral Properties. (a) After the Closing Date, Parent Borrower shall have the right, subject to the consent of the Agent and the Required Lenders as required under (v) below and the satisfaction by Parent Borrower of the conditions set forth in this §5.3, to add Potential Collateral to the Collateral. In the event Parent Borrower desires to add additional Potential Collateral as aforesaid, Parent Borrower shall provide written notice to the Agent of such request, such request to be provided no less than forty five (45) days prior to the date on which Parent Borrower desires to add such Potential Collateral if all or any portion (including contents) of such Potential Collateral is in a special or high hazard flood zone (which request the Agent shall promptly furnish to the Lenders), together with all documentation and other information reasonably required to permit the Agent to determine whether such Real Estate is Eligible Real Estate. No Potential Collateral shall be included as Collateral unless and until the following conditions precedent shall have been satisfied:
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Addition of Collateral Properties. (j) After the Effective Date, Borrower shall have the right, subject to the consent of the Agent and the Required Lenders and the satisfaction by Borrower of the conditions set forth in this §5.3, to add Potential Collateral to the Collateral. In the event Borrower desires to add additional Potential Collateral as aforesaid, Borrower shall provide written notice to the Agent of such request (which the Agent shall promptly furnish to the Lenders), together with all documentation and other information reasonably required to permit the Agent to determine whether such Real Estate is Eligible Real Estate (which the Agent shall promptly furnish to any Lender requesting same). No Potential Collateral shall be included as Collateral unless and until the following conditions precedent shall have been satisfied:
Sample 1
Addition of Collateral Properties. (a) The Borrower shall have the right, subject to the consent of the Agent and the Required Lenders to the extent required under clause (vii) below (which consent shall not be unreasonably withheld) and the satisfaction by Borrower of the conditions set forth in this §5.3, to add Potential Collateral to the Collateral as a Collateral Property. In the event the Borrower desires to add additional Potential Collateral as aforesaid, the Borrower shall provide written notice to the Agent of such request (which the Agent shall promptly furnish to the Lenders, to the extent the Lenders’ consent is required to add such Potential Collateral). With respect to such Potential Collateral, the Agent shall promptly furnish Required Lender BBP Deliverables to the Lenders as they become available (unless the approval of such Potential Collateral as a Collateral Property is in the reasonable discretion of the Agent as provided in clause (vii), below, in which case the Agent shall only be required to provide such Required Lender BBP Deliverables (or any of them) to any Lender requesting same and any requesting Lender shall not have the right to approve the same). To the extent that Lenders approval is required, the Lenders shall use good faith efforts to review each of the Required Lender BBP Deliverables within ten (10) days of receipt. Thereafter, the Agent shall have ten (10) Business Days from the date of the receipt by the Agent and the Lenders (to the extent the Agent is required to furnish such Required Lender BBP Deliverables to all of the Lenders) of all Required Lender BBP Deliverables to advise the Borrower of the approval or rejection of such Potential Collateral by the Agent or the Lenders, as applicable. If Lender’s approval is required and any Lender shall fail to respond to Agent within such ten (10) Business Day period, such Lender shall be deemed to have approved such proposed Potential Collateral. If only the Agent’s approval is required, and the Agent shall fail to respond to Borrower within such ten (10) Business Day period, Agent shall be deemed to have approved such Potential Collateral. Notwithstanding the foregoing, no Potential Collateral shall be included as Collateral unless and until the following conditions precedent shall have been satisfied:
Sample 1
Addition of Collateral Properties. Borrower shall have the right, subject to the consent of Administrative Agent and the Required Lenders and the satisfaction of the conditions set forth in this Section, to cause a Potential Co-Borrower to add Potential Collateral to the Collateral. In the event Borrower desires to add additional Potential Collateral as aforesaid, Borrower shall provide written notice to Administrative Agent of such request (which Administrative Agent shall promptly furnish to the Lenders). With respect to such Potential Collateral, Administrative Agent shall promptly furnish Required Lender BBP Deliverables to Lenders as they become available. The Lenders shall use good faith efforts to review each of the Required Lender BBP Deliverables within forty-five (45) days of receipt and to advise Borrower of the approval or rejection of such Potential Collateral by Administrative Agent or the Lenders, as applicable. Notwithstanding the foregoing, no Potential Collateral shall be included as Collateral unless and until the following conditions precedent shall have been satisfied:
Sample 1
Addition of Collateral Properties. (a) After the Closing Date, Borrower shall have the right, subject to the satisfaction by Borrower of the conditions set forth in this §5.2 and with the consent of the Agent and the Required Lenders, which consent shall not be unreasonably withheld, conditioned, or delayed, to add as a Collateral Property any Pipeline Properties. In the event Borrower desires to add Pipeline Properties as aforesaid, Borrower shall provide written notice to the Agent of such request (which the Agent shall promptly furnish to the Lenders within three (3) Business Days), together with all documentation and other information reasonably requested by the Agent. Thereafter, the Agent and the Required Lenders shall have fifteen (15) Business Days from the date of the receipt of such documentation and other information to advise Borrower whether the necessary Lender consent to the acceptance of such Pipeline Property has been received. Notwithstanding the foregoing, no Pipeline Property shall be included as a Collateral Property unless and until the following conditions precedent shall have been satisfied with respect to such Collateral and/or the related Collateral Property:
Sample 1
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Addition of Collateral Properties. (a) After the Closing Date, Borrower shall have the right, subject to the consent of the Agent and the Required Lenders, which consent shall not be unreasonably withheld, conditioned, or delayed, and the satisfaction by Borrower of the conditions set forth in this §5.3, to add Potential Collateral to the Collateral. In the event Borrower desires to add additional Potential Collateral as aforesaid, Borrower shall provide written notice to the Agent of such request (which the Agent shall promptly furnish to the Lenders within three (3) Business Days), together with all documentation and other information reasonably required to permit the Agent to determine whether such Real Estate is Eligible Real Estate. Thereafter, the Agent and the Required Lenders shall have fifteen (15) Business Days from the date of the receipt of such documentation and other information to advise Borrower whether the necessary Lender consent to the acceptance of such Potential Collateral has been received. Notwithstanding the foregoing, no Potential Collateral shall be included as Collateral unless and until the following conditions precedent shall have been satisfied:
Sample 1

Related to Addition of Collateral Properties

  • Condition of Collateral Secured Party has no obligation to repair, clean-up or otherwise prepare the Collateral for sale.

  • Inspection of Collateral Lender and Lender's designated representatives and agents shall have the right at all reasonable times to examine and inspect the Collateral wherever located.

  • Collateral Protection Expenses Preservation of Collateral (a) If an Event of Default shall have occurred and be continuing, the Agent may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto and pay any necessary filing fees. Each Grantor agrees to reimburse the Agent on demand for any and all expenditures so made. The Agent shall have no obligation to any Grantor to make any such expenditures, nor shall the making thereof relieve any Grantor of any default.

  • Location of Collateral All tangible items of Collateral, other than Inventory in transit, shall at all times be kept by Borrowers at the business locations set forth in Schedule 8.6.1, except that Borrowers may (a) make sales or other dispositions of Collateral in accordance with Section 10.2.6; and (b) move Collateral to another location in the United States, upon 30 Business Days prior written notice to Agent.

  • Disposition of Collateral Such Grantor will not sell, lease or otherwise dispose of the Collateral owned by it except for dispositions specifically permitted pursuant to Section 6.05 of the Credit Agreement.

  • Valuation of Collateral Securities Intermediary shall provide view only access to its systems to Secured Party for the purpose of communicating data as to the Reserve Account as of that date.

  • Release of Collateral, etc Any release, surrender, exchange, subordination, deterioration, waste, loss or impairment (including without limitation negligent, willful, unreasonable or unjustifiable impairment) of any collateral, property or security, at any time existing in connection with, or assuring or securing payment of, all or any part of the Liabilities;

  • Application of Collateral Proceeds The proceeds and/or avails of the Collateral, or any part thereof, and the proceeds and the avails of any remedy hereunder (as well as any other amounts of any kind held by Secured Party at the time of, or received by Secured Party after, the occurrence of an Event of Default) shall be paid to and applied as follows:

  • Possession of Collateral Agent and Secured Parties appoint each Lender as agent (for the benefit of Secured Parties) for the purpose of perfecting Liens in any Collateral held or controlled by such Lender, to the extent such Liens are perfected by possession or control. If any Lender obtains possession or control of any Collateral, it shall notify Agent thereof and, promptly upon Agent’s request, deliver such Collateral to Agent or otherwise deal with it in accordance with Agent’s instructions.

  • Retention of Collateral In addition to the rights and remedies hereunder, the Administrative Agent may, in compliance with Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable Law of the relevant jurisdiction, accept or retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Administrative Agent shall have provided such notices, however, the Administrative Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason.

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