Eligibility of Properties. (a) As of the Agreement Date, the Lenders have approved for inclusion in calculations of the Borrowing Base the Properties identified on Schedule 4.1, and such Properties shall become the Initial Unencumbered Pool Properties.
Eligibility of Properties. (a) Initial Borrowing Base Properties. The Properties identified on Schedule 4.1. shall, on the Effective Date, be the initial Borrowing Base Properties, and the Unencumbered Asset Value initially attributable to such Borrowing Base Properties shall be as set forth on Schedule 4.1.
Eligibility of Properties. (a) As of the Agreement Date, the Lenders have approved for inclusion in calculations of the Borrowing Base the Properties identified on Schedule 4.1. Upon satisfaction of the conditions set forth in Section 4.2., such Properties shall become Collateral Properties.
Eligibility of Properties. (a) Initial Eligible Properties. The Properties identified on Schedule 7.1.(f) shall, on the Effective Date, be the initial Eligible Properties.
Eligibility of Properties. 47 ---------------------------------------- Section 4.2. Termination of Designation as Unencumbered Pool Property..................48 -----------------------------------------------------------------------
Eligibility of Properties. (a) EXISTING UNENCUMBERED POOL PROPERTIES. Subject to compliance with the terms and conditions of Section 6.1.(a), as of the Effective Date the parties hereto acknowledge and agree that the Properties listed on Schedule 4.1. are Unencumbered Pool Properties.
Eligibility of Properties. 36 Section 4.2. Conditions Precedent to a Property Becoming an Eligible Unencumbered Pool Property 37 Section 4.3. Release of Guarantors and Unencumbered Pool Properties 37 Section 4.4. Frequency of Calculations of Borrowing Base 38 Section 4.5. Removal of Ineligible Property 38 ARTICLE V. YIELD PROTECTION, ETC 39 Section 5.1. Additional Costs; Capital Adequacy 39 Section 5.2. Suspension of LIBOR Loans 40 Section 5.3. Illegality 40 Section 5.4. Compensation 40 Section 5.5. Treatment of Affected Loans 41 Section 5.6. Change of Lending Office 41 Section 5.7. Assumptions Concerning Funding of LIBOR Loans 42 ARTICLE VI. CONDITIONS PRECEDENT 42 Section 6.1. Initial Conditions Precedent 42 Section 6.2. Conditions Precedent to All Loans 44 ARTICLE VII. REPRESENTATIONS AND WARRANTIES 44 Section 7.1. Representations and Warranties 44 Section 7.2. Survival of Representations and Warranties, Etc 49 ARTICLE VIII. AFFIRMATIVE COVENANTS 50 Section 8.1. Preservation of Existence and Similar Matters 50 Section 8.2. Compliance with Applicable Law and Material Contracts 50 Section 8.3. Maintenance of Property 50 Section 8.4. Conduct of Business 50 Section 8.5. Insurance 50 Section 8.6. Payment of Taxes and Claims 51 Section 8.7. Visits and Inspections 51 Section 8.8. Use of Proceeds 51 Section 8.9. Environmental Matters 51 TABLE OF CONTENTS (continued) Page Section 8.10. Books and Records 52 Section 8.11. Further Assurances 52 Section 8.12. REIT Status 52 Section 8.13. Exchange Listing 52 Section 8.14. Preservation of Right to Pledge Properties in the Unencumbered Pool 52 Section 8.15. Interest Rate Hedge 53 ARTICLE IX. INFORMATION 53 Section 9.1. Quarterly Financial Statements 53 Section 9.2. Year End Statements 53 Section 9.3. Compliance Certificate 54 Section 9.4. Other Information 54 ARTICLE X. NEGATIVE COVENANTS 56 Section 10.1. Financial Covenants 56 Section 10.2. Restricted Payments 58 Section 10.3. Indebtedness 59 Section 10.4. Investments Generally 59 Section 10.5. Liens 60 Section 10.6. Merger, Consolidation, Sales of Assets and Other Arrangement 61 Section 10.7. Fiscal Year 62 Section 10.8. Modifications to Material Contracts 62 Section 10.9. Modifications of Organizational Documents 62 Section 10.10. Transactions with Affiliates 63 Section 10.11. ERISA Exemptions 63 ARTICLE XI. DEFAULT 63 Section 11.1. Events of Default 63 Section 11.2. Remedies Upon Event of Default 67 Section 11.3. Remedies Upon Default 67 Section 11.4. Allocation of Proceeds 67 Section 11.5. ...
Eligibility of Properties. (a) As of the Agreement Date, the Lenders have approved for inclusion in calculations of the covenants set forth in Sections 10.1.(g) - (i) the Properties identified on Schedule 4.1., and such Properties shall become the Initial Unencumbered Pool Properties.
Eligibility of Properties. 44 Section 4.2. Release of Properties.................................... 45 Section 4.3. Frequency of Calculations of Borrowing Base.............. 46
Eligibility of Properties. (a) Initial Borrowing Base Properties. As of the date hereof, the parties agree that the Properties identified on Schedule 4.1. shall be included in calculations of the Borrowing Base and shall initially have the respective Borrowing Base Values set forth on such Schedule.
