BORROWING BASE PROPERTIES 72 Clause Samples

BORROWING BASE PROPERTIES 72. Section 5.1 Initial Borrowing Base Properties; Borrowing Base Property Requests. 72 Section 5.2 Release of Borrowing Base Properties; Disqualification of Borrowing Base Properties. 79 Section 5.3 Frequency of Borrowing Base Availability Calculations. 80 Article VI. CONDITIONS PRECEDENT 81 Section 6.1 Initial Conditions Precedent. 81 Section 6.2 Conditions Precedent to All Loans and Letters of Credit. 86 Article VII. REPRESENTATIONS AND WARRANTIES 86 Section 7.1 Organization; Power; Qualification. 86 Section 7.2 Ownership Structure. 87 Section 7.3 Authorization of Agreement, Etc. 88 Section 7.4 Compliance of Loan Documents with Laws, Etc. 88 Section 7.5 Compliance with Law; Governmental Approvals. 88 Section 7.6 Title to Properties; Liens; Insurance. 89 Section 7.7 Existing Indebtedness. 89 Section 7.8 Material Contracts; Management Agreements. 89 Section 7.9 Litigation. 89 Section 7.10 Taxes. 90 Section 7.11 Financial Statements. 90 Section 7.12 No Material Adverse Change; Solvency; Consideration. 91 Section 7.13 ERISA. 91 Section 7.14 Absence of Defaults. 92 Section 7.15 Environmental Laws. 93 Section 7.16 Investment Company; Etc. 93 Section 7.17 Margin Stock. 93 Section 7.18 Affiliate Transactions. 93 Section 7.19 Intellectual Property. 94 Section 7.20 Business. 94 Section 7.21 Broker’s Fees. 94 Section 7.22 Accuracy and Completeness of Information. 94