Addition of Collateral. Increasing Available Loan Amount. Provided that no Default or Event of Default has occurred and is continuing and that no Property shall constitute more than 20% of the Borrowing Base Value, prior to the Termination Date, Borrower may, subject to the limitations set forth herein and the satisfaction of the terms of this Section 2.18, add additional commercial real estate properties, which are approved by all of the Lenders in their sole discretion, and which are acquired and owned in fee simple by Borrower or leased by Borrower pursuant to a ground lease acceptable in all respects to all of the Lenders in their sole discretion (each an "Approved Property"), to the Borrowing Base and thereby increase the Available Loan Amount, by subjecting the Additional Property to the Lien of a new mortgage, deed of trust, deed to secure debt or similar security instruments, in the same form and substance as the Mortgage, to the Lien of the Loan Documents, as a first lien thereon. Any Approved Property shall be designated by Agent as an Approved Acquisition Property or an Approved Development Property, and shall be added to the Borrowing Base and, subject to the continued satisfaction of the Available Borrowing Base Covenant (after giving effect to the Additional Properties added thereto), the Available Loan Amount shall be increased as follows:
Addition of Collateral. (a) After the Closing Date, Borrower shall have the right, at its sole option, subject to the consent of the Agent and the Required Lenders as required under (iii) below and the satisfaction by Borrower of the conditions set forth in this §5.3, to add any specific component of Potential Collateral to the Collateral. In the event Borrower desires to add such Potential Collateral as aforesaid, Borrower shall provide written notice to the Agent of such request (which the Agent shall promptly furnish to the Lenders), together with all documentation and other information reasonably required to permit the Agent and the Lenders to assess such Potential Collateral being proposed as Collateral. No Potential Collateral shall be included as Collateral unless and until the following conditions precedent being proposed as Collateral shall have been satisfied:
Addition of Collateral. Borrowers and Lender agree that, effective as of the date of this Amendment, the Solar Facility project described in, and which is the subject of, the Purchase Agreement, and all Receipts associated therewith, and all other Collateral of Maili (as defined in Exhibit B-1 hereto), plus the CHP Plant, and all Receipts associated therewith, and all other Collateral of Sumter (as defined in Exhibit B-1 hereto), shall be and are deemed to be Included Projects under the Credit Agreement, and part of the Collateral for all Obligations. In this regard, promptly after the full execution of this Amendment by Borrowers and Lender, the Lender shall have the right to file a UCC-3 Amendment form for each of the UCC-1’s to reflect the foregoing change in Collateral (or, if applicable or as Lender may elect, new UCC-1’s to reflect the foregoing additional Collateral).
Addition of Collateral. Borrower and Xxxxxx agree that the Lender may, without notice to the undersigned and without affecting the liability of the Borrower, accept additional security for this Note.
Addition of Collateral. The Borrower hereby agrees to grant a mortgage (or cause its applicable Subsidiary to grant a mortgage) to the Administrative Agent, all in accordance with the terms of SECTION 7.12 of this Agreement, as soon as possible but in no event later than November 30, 2002, on the real 112 property of the Borrower or any of its Subsidiaries holding such title located in or near Sacramento, California and as further identified to the Administrative Agent (the "MORTGAGED CALIFORNIA REAL ESTATE"), in favor of the Administrative Agent on behalf of the Lenders to secure payment of their respective Loans, a continuing security interest of first priority in all the right, title and interest of the Borrower and such applicable Subsidiaries, as the case may be, in the Mortgaged California Real Estate.
Addition of Collateral. Mortgage and Assignment of Rents securing property at 0000 Xxxxxxx Xxxxxxxx X, Xxxxx, XX 00000 will be added as collateral effective the date of this agreement.
Addition of Collateral. Two hundred thousand (200,000) unissued and not outstanding partnership units of Lodging Fund REIT Ill OP, LP will be added as collateral effective the date of this agreement.
Addition of Collateral. At any time during the term hereof and subject to the conditions set forth herein, the Borrower may deliver or cause to be delivered additional Collateral to secure the Obligations or to secure the obligations of any Guarantor. Prior to the effectiveness of such delivery to affect the calculation of the Maximum Advance Amount, the following conditions must be satisfied:
Addition of Collateral. (a) Required Additions.
Addition of Collateral. The Company may propose an amendment to Schedule 1.1 increasing the amount of Eligible Equipment only if it delivers a Bonding Base Certificate, signed by the Independent Appraiser, which shall state the Value of Eligible Equipment proposed to be added to Collateral. The Surety will execute such proposed amendment to Schedule 1.1; provided that each item of equipment proposed to be added to Collateral constitutes Eligible Equipment.
