Release of Properties. From time to time the Borrower may request, upon not less than 10 days prior written notice to the Administrative Agent (or such shorter period as may be acceptable to the Administrative Agent in its sole discretion), that a Borrowing Base Asset be no longer considered a Borrowing Base Asset, which release (a “Property Release”) shall be effected by the Administrative Agent if the Administrative Agent determines all of the following conditions are satisfied as of the date of such Property Release:
Appears in 5 contracts
Samples: Credit Agreement (Broadstone Net Lease Inc), Term Loan Agreement (Broadstone Net Lease Inc), Term Loan Agreement (Broadstone Net Lease Inc)
Release of Properties. From time to time the Borrower Borrowers may request, upon not less than 10 thirty (30) days prior written notice to the Administrative Agent (or such shorter period as may be acceptable to the Administrative Agent in its sole discretion)Agent, that any Property (if then a Borrowing Base Asset Property) be no longer considered a Borrowing Base Assetreleased from the Liens created by the Security Documents applicable thereto, which release (a the “Property Release”) shall be effected by the Administrative Agent if the Administrative Agent determines all of the following conditions are satisfied as of the date of such Property Release:
Appears in 2 contracts
Samples: Credit Agreement (American Realty Capital Properties, Inc.), Option and Subordination Agreement (CapLease, Inc.)
Release of Properties. From time to time the time, Borrower may request, upon not less than 10 days fifteen (15) days’ prior written notice to the Administrative Agent (or such shorter period as may be acceptable to the Administrative Agent in its sole discretion), that a any Borrowing Base Asset Property be no longer considered a Borrowing Base Assetreleased from the Liens created by the Security Documents applicable thereto, which release (a the “Property Release”) shall be effected by the Administrative Agent if the Administrative Agent determines all of the following conditions are satisfied as of the date of such Property Release:
Appears in 2 contracts
Samples: Joinder Agreement (RREEF Property Trust, Inc.), Joinder Agreement (RREEF Property Trust, Inc.)
Release of Properties. From time to time the Borrower may request, upon not less than 10 days ten (10) Business Days prior written notice to the Administrative Agent (or such shorter period as may be acceptable to the Administrative Agent in its sole discretion)Agent, that a Borrowing Base Asset Property be no longer considered a Borrowing Base AssetProperty, which release (a the “Property Release”) shall be effected by the Administrative Agent if the Administrative Agent determines all of the following conditions are satisfied as of the date of such Property Release:
Appears in 2 contracts
Samples: Pledge Agreement (Corporate Office Properties Trust), Pledge Agreement (Corporate Office Properties Trust)
Release of Properties. From time to time the Borrower may request, upon not less than 10 days prior written notice to the Administrative Agent (or such shorter period as may be acceptable to the Administrative Agent in its sole discretion)Agent, that a Borrowing Base Asset Property be no longer considered a Borrowing Base AssetProperty, which release (a the “Property Release”) shall be effected by the Administrative Agent if the Administrative Agent determines all of the following conditions are satisfied as of the date of such Property Release:
Appears in 2 contracts
Samples: Credit Agreement (Corporate Office Properties Trust), Credit Agreement (Corporate Office Properties Trust)
Release of Properties. From time to time the Borrower may request, upon not less than 10 days Business Days’ prior written notice to the Administrative Agent (or such shorter period as may be acceptable to the Administrative Agent in its sole discretion)Agent, that a any Borrowing Base Asset Property be no longer considered a Borrowing Base Assetreleased from the Liens created by the Security Documents applicable thereto, which release (a the “Property Release”) shall be effected by the Administrative Agent if the Administrative Agent determines all of the following conditions are satisfied as of the date of such Property Release:
Appears in 1 contract
Release of Properties. From time to time the Borrower may request, upon not less than 10 days ten (10) Business Days prior written notice to the Administrative Agent (or such shorter period as may be acceptable to the Administrative Agent in its sole discretion)Agent, that a any Borrowing Base Asset Property, or portion thereof, be no longer considered a Borrowing Base Assetreleased from the Liens created by the Security Documents applicable thereto, which release (a “the "Property Release”") shall be effected by the Administrative Agent if the Administrative Agent determines all of the following conditions are satisfied as of the date of such Property Release:
Appears in 1 contract
Release of Properties. From time to time the Borrower may request, upon not less than 10 days 15 Business Days prior written notice to the Administrative Agent (or such shorter period as may be acceptable to the Administrative Agent in its sole discretionAgent), that a Borrowing Base Asset Property and related Collateral be no longer considered a Borrowing Base Assetreleased from the Liens created by the Security Documents applicable thereto, which release (a the “Property Release”) shall be effected by the Administrative Agent if the Administrative Agent determines all of the following conditions are satisfied as of the date of such Property Release:
Appears in 1 contract
Samples: Credit Agreement (Pacific Office Properties Trust, Inc.)
