Additional Borrowing Base Property definition

Additional Borrowing Base Property means any Student Housing Property as to which all of the following conditions have been met: (a) the Borrower has notified the Administrative Agent in writing that it wishes to designate such Student Housing Property as a "Borrowing Base Property", (b) the Borrower has delivered to the Administrative Agent a description, in detail reasonably satisfactory to the Administrative Agent, of such Student Housing Property, (c) unless otherwise agreed in writing by the Required Lenders, all of the Borrowing Base Property Conditions have been satisfied with respect to such Student Housing Property, and (d) the Borrower has delivered to the Administrative Agent a revised Schedule II hereto reflecting the inclusion of such Student Housing Property within the definition of "Borrowing Base Property", it being understood that such revised Schedule II shall become effective only upon the inclusion of such Student Housing Property within the definition of "Borrowing Base Property".
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Additional Borrowing Base Property shall have the meaning provided in Section 8.13(a).
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Additional Borrowing Base Property means any Student Housing Property as to which all of the following conditions have been met: (a) the Borrower has notified the Administrative Agent in writing that it wishes to designate such Student Housing Property as a “Borrowing Base Property”, (b) the Borrower has delivered to the Administrative Agent a description, in detail reasonably satisfactory to the Administrative Agent, of such Student Housing Property, (c) unless otherwise agreed in writing by the Required Lenders, all of the Borrowing Base Property Conditions have been satisfied with respect to such Student Housing Property; provided, however, that unless otherwise agreed to in writing by all of the Lenders, the Borrowing Base Property Condition in subpart (g) of such definition must be satisfied, (d) the conditions and requirements in Section 9.16 shall have been satisfied with respect to such Student Housing Property, and (e) the Borrower has delivered to the Administrative Agent a revised Schedule II hereto reflecting the inclusion of such Student Housing Property within the definition of “Borrowing Base Property”, it being understood that such revised Schedule II shall become effective only upon the inclusion of such Student Housing Property within the definition of “Borrowing Base Property”.
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Examples of Additional Borrowing Base Property in a sentence

  • Upon satisfaction of the requirements of this Section 8.13(a) and the occurrence of the Addition Date with respect thereto, and subject to the continued compliance of any such Additional Borrowing Base Property with the Borrowing Base Property Conditions, such Additional Borrowing Base Property shall be included in the Borrowing Base as a Borrowing Base Property.

  • If Administrative Agent does not give Borrower such written notice of preliminary approval within fifteen (15) Business Days after Administrative Agent’s receipt of the Additional Borrowing Base Property Request (and the Preliminary Project Information) with respect to such Project, the Lenders shall be deemed to have disapproved such Project.

  • The Administrative Agent shall have the right, in its sole discretion, and after performing such due diligence as the Administrative Agent desires in its sole discretion, to accept or reject any such Nominated Property offered as an Additional Borrowing Base Property.

  • In the event the Borrower desires to add an Additional Borrowing Base Property as aforesaid, the Borrower shall provide written notice to the Administrative Agent of such request (which the Administrative Agent shall promptly furnish to the Lenders), together with all documentation and other information required to permit the Administrative Agent to determine whether such Student Housing Property satisfies the Borrowing Base Property Conditions.

  • If Administrative Agent does not give Borrower such written notice of preliminary approval within fifteen (15) Business Days after Administrative Agent’s receipt of the Additional Borrowing Base Property Request (and the Preliminary Project Information) with respect to such Project, the Required Lenders shall be deemed to have disapproved such Project.

  • After the Closing Date, the Borrower shall have the right, subject to the consent of the Administrative Agent and the Required Lenders (which consent may be withheld in their sole and absolute discretion) and the satisfaction by the Borrower of the conditions set forth in this Section 9.16, to add an Additional Borrowing Base Property to the Collateral.

  • The proceeds of the Foundation Investment will not (a) be earmarked to be used for any activity, appearance or communication associated with the activities described in the foregoing sentence, nor (b) be intended for the direct benefit, and will not benefit, any person having a personal or private interest in the Foundation, including descendants of the founders of the Foundation, or persons related to or controlled by, directly or indirectly, such private interests.

  • In connection with the execution of this Amendment, Borrower has delivered to Administrative Agent the documents required under Borrowing Base Qualification Documents with respect to such property becoming an Additional Borrowing Base Property.

  • If any Additional Borrowing Base Property is removed from the Borrowing Base in accordance with this Section 2 and has not been Disposed of by the applicable owner thereof, then such Real Property shall be a Negative Pledge Property during the Modified Compliance Period.


More Definitions of Additional Borrowing Base Property

Additional Borrowing Base Property means any Student Housing Property as to which all of the following conditions have been met: (a) the Borrower has notified the Administrative Agent in writing that it wishes to designate such Student Housing Property as a “Borrowing Base Property”, (b) the Borrower has delivered to the Administrative Agent a description, in detail reasonably satisfactory to the Administrative Agent, of such Student Housing Property, (c) unless otherwise agreed in writing by the Required Lenders, all of the Borrowing Base Property Conditions have been satisfied with respect to such Student Housing Property, (d) except in the case of the Student Housing Property described on Schedule III hereto, the Required Lenders have agreed in writing to include such Student Housing Property within the definition of “Borrowing Base Property”, and (e) the Borrower has delivered to the Administrative Agent a revised Schedule II hereto reflecting the inclusion of such Student Housing Property within the definition of “Borrowing Base Property”, it being understood that such revised Schedule II shall become effective only upon the inclusion of such Student Housing Property within the definition of “Borrowing Base Property”.
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Additional Borrowing Base Property means any Borrowing Base Property that is added pursuant to Section 2.16(a).
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Additional Borrowing Base Property. Defined in Section 4.1(b)(i).
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Related to Additional Borrowing Base Property

  • Borrowing Base Property means Eligible Property and/or Commercial Land that the Administrative Agent has agreed to include in calculations of the Borrowing Base pursuant to Section 4.1. A Property shall be excluded from the determination of the Borrowing Base if at any time such Property shall cease to be an Eligible Property.

  • Borrowing Base Properties means the Oil and Gas Properties of the Loan Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 8.12.

  • New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d).

  • Borrowing Base Assets means a collective reference to all Borrowing Base Assets in existence at any given time.

  • Borrowing Base Value means, with respect to any Oil and Gas Property of a Credit Party or any Swap Agreement in respect of commodities, the value the Administrative Agent attributed to such asset in connection with the most recent determination of the Borrowing Base as confirmed by Required Lenders.