Abandonment of Collateral/Construction Sample Clauses

Abandonment of Collateral/Construction. The Loan Parties abandon or otherwise cease operations with respect to any Borrowing Base Property for a period in excess of (A) seven (7) consecutive days or (B) twenty (20) days in the aggregate over the term hereof (subject, in each case, to Designated Force Majeure Events or Other Covered Events, but regardless of whether any other conditions typically described as “force majeure” may exist with respect to any such property);

Abandonment of Collateral/Construction. The Loan Parties (i) abandon or otherwise cease operations with respect to any Borrowing Base Property for a period in excess of (A) seven (7) consecutive days or (B) twenty (20) days in the aggregate over the term hereof (subject, in each case, to Designated Force Majeure Events or Other Covered Events, but regardless of whether any other conditions typically described as “force majeure” may exist with respect to any such property); (ii) cease material construction activities with respect to Gxxxxxx National (as determined by the Administrative Agent in its sole discretion) for a period in excess of sixty (60) cumulative days following the acquisition of such property and the commencement of construction with respect thereto (subject to Designated Force Majeure Events and Other Covered Events, but regardless of whether any other conditions typically described as “force majeure” may exist with respect to the construction of such property); or (iii) fail, for any reason (subject to any Other Covered Events, but not subject to Designated Force Majeure Events which are not, in the reasonable judgment of the Administrative Agent, covered by any insurance held by or adequate condemnation award to be paid to the Borrower or other Loan Parties), to cause Gxxxxxx National to be Substantially Completed by October 31, 2008.