Common use of Borrowing Base Assets Clause in Contracts

Borrowing Base Assets. On or prior to the Closing Date, the Administrative Agent shall have received each of the documents required pursuant to Section 4.3 for each Borrowing Base Asset to be included in the Borrowing Base on the Closing Date.

Borrowing Base Assets. On or prior to the Closing Date, the Administrative Agent shall have received business and legal materials, third party reports, information and documentation, in each of case, to the documents required pursuant extent available to Section 4.3 the Borrower, reasonably necessary for the Administrative Agent to determine that each Borrowing Base Asset to be included in the Borrowing Base on the Closing Date will be in compliance with the Borrowing Base Conditions as of the Closing Date.