Adjustment to Borrowing Base. Any Collateral released shall no longer be Eligible Collateral and the Borrowing Base Value shall be immediately and automatically adjusted to reflect such release. Even though an item of Collateral is not included as Eligible Collateral, all conditions precedent to release will continue to apply.
Appears in 6 contracts
Samples: Credit Agreement (Cole Credit Property Trust Iv, Inc.), Borrowing Base Revolving Line of Credit Agreement (Cole Real Estate Income Strategy (Daily Nav), Inc.), Borrowing Base Revolving Line of Credit Agreement (Industrial Income Trust Inc.)
Adjustment to Borrowing Base. Any Collateral released shall no longer be Eligible Collateral and the Borrowing Base Collateral Value of Eligible Collateral shall be immediately and automatically adjusted to reflect such release. Even though an An item of Collateral is not included as Eligible Collateral, all conditions precedent Collateral shall be released by Lender subject to release will continue to applyany remargining payments required of Borrower as set forth in SECTION 2.9.
Appears in 2 contracts
Samples: Credit Loan Agreement (Crescent Operating Inc), Modification Agreement (Crescent Operating Inc)
Adjustment to Borrowing Base. Any Collateral released shall no longer be Eligible Collateral and the Borrowing Base Collateral Value of Eligible Collateral shall be immediately and automatically adjusted to reflect such release. Even though an item of Collateral is not included as Eligible Collateral, all conditions precedent to release will continue to applyapply (including payment of any required sale proceeds and release prices).
Appears in 1 contract
Samples: Loan Agreement (Udc Homes Inc)
