Common use of Initial Borrowing Base Properties Clause in Contracts

Initial Borrowing Base Properties. The Properties identified on Schedule 4.1 shall, on the Cutoff Date, be Borrowing Base Properties, and the Borrowing Base Value initially attributable to such Property shall be as approved by the Lenders and set forth on Schedule 4.1.

Appears in 11 contracts

Sources: Sixth Amendment to Fifth Amended and Restated Credit Agreement (LGI Homes, Inc.), Fifth Amended and Restated Credit Agreement (LGI Homes, Inc.), Credit Agreement (LGI Homes, Inc.)

Initial Borrowing Base Properties. The Properties identified on Schedule 4.1 4.1. shall, on the Cutoff Effective Date, be the initial Borrowing Base Properties, and the Borrowing Base Unencumbered Asset Value initially attributable to such Property Borrowing Base Properties shall be as approved by the Lenders and set forth on Schedule 4.1.

Appears in 5 contracts

Sources: Term Loan Agreement (RLJ Lodging Trust), Credit Agreement (RLJ Lodging Trust), Term Loan Agreement (RLJ Lodging Trust)

Initial Borrowing Base Properties. The Properties identified on Schedule 4.1 shall, on the Cutoff Effective Date, be Borrowing Base Properties, and the Borrowing Base Value initially attributable to such Property shall be as approved by the Lenders and set forth on Schedule 4.1.

Appears in 4 contracts

Sources: Revolving Loan Agreement (RREEF Property Trust, Inc.), Credit Agreement (LGI Homes, Inc.), Revolving Loan Agreement (RREEF Property Trust, Inc.)

Initial Borrowing Base Properties. The Properties identified on Schedule 4.1 shall, on the Cutoff Effective Date, be the initial Borrowing Base Properties, and the Borrowing Base Unencumbered Asset Value initially attributable to such Property Borrowing Base Properties shall be as approved by the Lenders and set forth in the Compliance Certificate delivered to the Administrative Agent on Schedule 4.1the Effective Date.

Appears in 3 contracts

Sources: Credit Agreement (RLJ Lodging Trust), Credit Agreement (RLJ Lodging Trust), Credit Agreement (RLJ Lodging Trust)

Initial Borrowing Base Properties. The Properties identified on Schedule 4.1 shall, on the Cutoff Effective Date, be Borrowing Base Properties, and the Borrowing Base Value initially attributable to each such Property shall be as approved by the Lenders Administrative Agent and set forth on Schedule 4.1.

Appears in 3 contracts

Sources: Lender Addition and Acknowledgment Agreement and First Amendment to Amended and Restated Credit Agreement (Smith Douglas Homes Corp.), Credit Agreement (Smith Douglas Homes Corp.), Credit Agreement (Smith Douglas Homes Corp.)

Initial Borrowing Base Properties. The Properties identified on Schedule 4.1 shall, on the Cutoff Agreement Date, be Borrowing Base Properties, and the Borrowing Base Value initially attributable to such Property shall be as approved by the Lenders and set forth on Schedule 4.1.

Appears in 3 contracts

Sources: Credit Agreement (United Homes Group, Inc.), Credit Agreement (United Homes Group, Inc.), Credit Agreement (United Homes Group, Inc.)

Initial Borrowing Base Properties. The Properties identified on Schedule 4.1 shall, on the Cutoff Effective Date, be Borrowing Base Properties, and the Borrowing Base Value initially attributable to such Property Borrowing Base Properties shall be as approved by the Lenders and set forth on Schedule 4.1.

Appears in 2 contracts

Sources: Credit Agreement (American Realty Capital Properties, Inc.), Credit Agreement (CapLease, Inc.)