Base Requirements definition
Examples of Base Requirements in a sentence
Unless indicated elsewhere in this Agreement, Developer shall Complete each of the foregoing Base Requirements on or before the applicable dates provided in this Agreement and Exhibits hereto, and the Approvals; if no deadline is provided in this Agreement and Exhibits hereto or the Approvals, the normal deadline pursuant to City rules, standards, and/or practice shall apply.
The Borrowing Base Requirements and the Parent Hotel Property Requirements are met.
The Borrower does not comply with any provision of clause 18.6 (Borrowing Base Requirements), clause 19.1 (Definitions), clause 19.2 (Calculation of the Borrowing Base), clause 19.3 (Borrowing Base Certificate and Borrowing Base Report) or clause 21.20 (Collection Accounts).
Simultaneously with any such proposed sale, transfer, disposition, removal or substitution, the Borrower shall deliver to the Administrative Agent a certificate (a “Minimum Borrowing Base Certificate”) of a Responsible Officer of the REIT Guarantor certifying compliance with the Minimum Borrowing Base Requirements.
Simultaneously with any such proposed sale, transfer, disposition, removal or substitution, the Borrower shall deliver to the Agent a certificate (a “Minimum Borrowing Base Certificate”) of a Responsible Officer of the REIT Guarantor certifying compliance with the Minimum Borrowing Base Requirements.
The Base Requirements are applicable for all data types defined above and cannot be modified or changed.
Notwithstanding anything contained in this Agreement to the contrary, the Majority Banks in their reasonable discretion may upon 30 days prior written notice to the Borrower designate that a Hotel Property is no longer an Eligible Property upon their determination that such Hotel Property does not satisfy the Borrowing Base Requirements.
No individual employee shall have the right to invoke arbitration.
Simultaneously with any such proposed sale, transfer, disposition removal or substitution, the Borrower shall deliver to the Agent a certificate (a “Minimum Borrowing Base Certificate”) of a Responsible Officer of the REIT Guarantor certifying compliance with the Minimum Borrowing Base Requirements.
The Borrowing Base Properties collectively satisfy the Aggregate Borrowing Base Requirements.