Common use of Borrowing Base Financials Clause in Contracts

Borrowing Base Financials. As soon as available and in any event within 45 days after the end of each fiscal quarter of the Parent Guarantor, financial information in respect of all Borrowing Base Properties (including, without limitation, with respect to each Borrowing Base Property (i) a statement of revenues and expenses with respect to such Borrowing Base Property and all other information and operating statistics necessary to calculate the Net Operating Income for such Borrowing Base Property and (ii) information on occupancy levels and average rent levels with respect to such Borrowing Base Property), in form and detail satisfactory to the Administrative Agent.

Appears in 4 contracts

Samples: Credit Agreement (American Campus Communities Inc), Credit Agreement (American Campus Communities Inc), Secured Term Loan Agreement (American Campus Communities Inc)

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Borrowing Base Financials. As soon as available and in any event within 45 30 days after the end of each fiscal quarter of the Parent Guarantormonth, financial information in respect of all Borrowing Base Properties (including, without limitation, with respect to each Borrowing Base Property (i) a statement of revenues and expenses with respect to such Borrowing Base Property and all other information and operating statistics necessary to calculate the Adjusted Net Operating Income for such Borrowing Base Property and (ii) information on occupancy levels and average rent levels with respect to such Borrowing Base Property), in form and detail satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (American Campus Communities Inc)

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