Property Qualification definition

Property Qualification means any Authorization, agreement, registration, permit, license, consent, approval or other qualification issued or granted by any regulatory authority or other person having an interest in the Property (including but not limited to those persons having access rights, or water, timber or other natural resource rights in the Property) necessary for the Vendor to conduct exploration, development, drilling, exploitation and other activities on the Property as presently and proposed to be carried on.
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Examples of Property Qualification in a sentence

  • If at any time the Administrative Agent shall determine that it does not have all of the Eligible Borrowing Base Property Qualification Documents, it shall promptly notify Borrower and request with specificity any missing documents.

  • The Administrative Agent shall notify Borrower in writing within twenty (20) Business Days after it receives notice thereof and delivery of the Eligible Borrowing Base Property Qualification Documents related thereto if the Administrative Agent has approved the proposed Qualifying Borrowing Base Property and determined that it is an Eligible Borrowing Base Property.

  • The Administrative Agent shall notify Borrower in writing within twenty (20) Business Days after it receives notice thereof and delivery of the Eligible Borrowing Base Property Qualification Documents related thereto if the Required Lenders have approved the proposed Qualifying Borrowing Base Property.

  • If at any time the Administrative Agent shall determine that it does not have all of the Eligible Unencumbered Property Qualification Documents, it shall promptly notify Borrower and request with specificity any missing documents.

  • If Borrower is unable to provide the Administrative Agent with all of the Eligible Unencumbered Property Qualification Documents, approval of the Required Lenders must be obtained before the Proposed Unencumbered Property can become a Qualifying Unencumbered Property.

  • Section 2.22(ii) of the Credit Agreement shall be amended as of the Amendment Effective Date by replacing the last paragraph of the subsection in its entirety with the following: “If at any time the Administrative Agent shall determine that it does not have all of the Eligible Borrowing Base Property Qualification Documents, it shall promptly notify Borrower and request with specificity any missing documents.

  • The Administrative Agent shall notify Borrower in writing within fifteen (15) Business Days after it receives notice thereof and delivery of the Eligible Unencumbered Property Qualification Documents related thereto if the Administrative Agent has approved the Proposed Unencumbered Property.

  • Each Lender shall respond to the Administrative Agent’s request within ten (10) days after it receives such notice and the Eligible Unencumbered Property Qualification Documents related thereto.

  • The Mortgaged Property Qualification Documents for the Mortgaged Property shall have been delivered to the Agent at the Borrowers’ expense and shall be in form and substance satisfactory to the Agent.

Related to Property Qualification

  • pre-qualification means a screening process designed to ensure that invitations to bid are confined to capable providers;

  • Statement of Qualifications means a written statement submitted to a procurement unit in response to a request for statement of qualifications.

  • Monthly Qualification Cycle means a period beginning one (1) Business Day prior to the first day of the current Statement Cycle through one (1) Business Day prior to the close of the current Statement Cycle.

  • Minimum Qualifications means the requirements of education, training, experience and other basic qualifications for a job.

  • Request for Qualifications means all materials and