Closing Date Borrowing Base Assets Sample Clauses
The 'Closing Date Borrowing Base Assets' clause defines which assets are included in the borrowing base calculation as of the closing date of a financing transaction. It typically specifies the types of assets—such as accounts receivable, inventory, or other eligible collateral—that will be counted toward the total value available for borrowing at the time the deal is finalized. By clearly identifying these assets, the clause ensures both lender and borrower have a mutual understanding of the collateral supporting the loan from the outset, thereby reducing ambiguity and potential disputes over borrowing capacity.
Closing Date Borrowing Base Assets. Schedule 6.28 sets forth each of the Borrowing Base Assets as of the Closing Date. Each asset listed on Schedule 6.28 fully qualifies as a Borrowing Base Asset and, collectively, the assets listed thereon qualify to be included in the Borrowing Base.
Closing Date Borrowing Base Assets. Schedule 6.17 sets forth each of the Borrowing Base Properties and the Borrowing Base Leases as of the Closing Date (and as of each date on which such schedule is subsequently updated pursuant to the terms hereof), along with (a) the remaining terms of such Borrowing Bases Leases, (b) the lessees under the Borrowing Base Leases, (c) the Annualized Adjusted NOI allocable to such Borrowing Base Properties for the most recently ended fiscal quarter of the REIT Guarantor (to the extent not included in any Compliance Certificate delivered therewith) and (d) the Occupancy Rate applicable to each such Borrowing Base Property. Each asset included in determination of the Borrowing Base fully qualifies as a Borrowing Base Property or Borrowing Base Lease, as applicable.