Base property definition
Examples of Base property in a sentence
Between the Financial Statement Date and the Closing Date, there has been no material adverse change to the Net Operating Income of any Real Estate Asset that is a Borrowing Base property on the Closing Date.
The Borrower shall promptly notify the Lender of the creation, incurrence, assumption, existence or filing of any material Lien on any Borrowing Base property now owned or hereafter acquired, except for Liens permitted under Section 6.2.