Common use of Additional Borrowing Base Properties Clause in Contracts

Additional Borrowing Base Properties. The Borrower may request that the Administrative Agent include any additional Property in the Borrowing Base as a Borrowing Base Property by written request therefor to the Administrative Agent. Such Property shall become a Borrowing Base Property upon (i) satisfaction of the conditions precedent set forth in Sections 6.3 and (ii) delivery of a Borrowing Base Certificate showing the Borrowing Base after inclusion of such Property as a Borrowing Base Property.

Appears in 2 contracts

Samples: Credit Agreement (Smith Douglas Homes Corp.), Credit Agreement (Smith Douglas Homes Corp.)

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