Minimum Property Requirement. The Borrowing Base Assets shall at all times consist of not less than seven (7) Borrowing Base Properties with an aggregate Appraised Value of not less than $220,000,000.00; provided that from and after the IPO Event, the Borrowing Base Assets shall at all times consist of not less than ten (10) Borrowing Base Properties with an aggregate Appraised Value of not less than $300,000,000.00.
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Samples: Credit Agreement (MedEquities Realty Trust, Inc.), Credit Agreement (MedEquities Realty Trust, Inc.)
Minimum Property Requirement. The Borrowing Base Assets Properties included in the calculation of the Borrowing Base Availability shall at all times consist of not less than seven (7) Borrowing Base Properties Properties, with an aggregate Appraised Value of not less than $220,000,000.00; provided that from and after the IPO Event, the Borrowing Base Assets shall at all times consist of not less than ten (10) Borrowing Base Properties with an aggregate Appraised Value of not less than $300,000,000.00150,000,000.00.
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Minimum Property Requirement. The Borrowing Base Assets shall at all times consist of not less than seven (7) Borrowing Base Properties with an aggregate Appraised Value of not less than $220,000,000.00; provided that from and after the IPO Event, the Borrowing Base Assets shall at all times consist of not less than ten (10) Borrowing Base Properties with an aggregate Appraised Value of not less than $300,000,000.00375,000,000.00; provided that commencing on the Release of Security Date and continuing at all times thereafter, the Borrowing Base Assets shall at all times consist of not less than fifteen (15) Borrowing Base Properties with an aggregate Appraised Value of not less than $500,000,000.00.
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