Common use of Borrowing Base Covenant Clause in Contracts

Borrowing Base Covenant. The Borrower shall cause the Eligible PropertiesAssets in the Borrowing Base to at all times comply with the Borrowing Base Requirements (other than with respect to Eligible PropertiesAssets that may exceed concentration limits but still be included in the Borrowing Base Value in compliance with the definition of Borrowing Base Requirements) and shall exclude from the calculation of Borrowing Base Value any portion of Property NOI, cost or book value of any Eligible PropertiesAssets attributable to any Eligible PropertiesAssets that exceed the concentration limits set forth in the Borrowing Base Requirements. ​

Borrowing Base Covenant. The Borrower shall cause the Eligible PropertiesAssets in the Borrowing Base to at all times comply with the Borrowing Base Requirements (other than with respect to Eligible PropertiesAssets that may exceed concentration limits but still be included in the Borrowing Base Value in compliance with the definition of Borrowing Base Requirements) and shall exclude from the calculation of Borrowing Base Value any portion of Property NOI, cost or book value of any Eligible PropertiesAssets attributable to any Eligible PropertiesAssets that exceed the concentration limits set forth in the Borrowing Base Requirements. ​..