Conditions Precedent to a Property becoming a Borrowing Base Property Sample Clauses

Conditions Precedent to a Property becoming a Borrowing Base Property. No Property shall become a Borrowing Base Property until the Administrative Agent shall have approved of such Property’s inclusion in the Borrowing Base, and the Borrower shall have (or shall cause to be) executed and delivered to the Administrative Agent the following instruments, documents and agreements in respect of such Property, each to be in form and substance satisfactory to the Administrative Agent:
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Conditions Precedent to a Property becoming a Borrowing Base Property. No Property shall become a Borrowing Base Property unless (1) it is an Eligible Property (as confirmed by the Administrative Agent upon the Administrative Agent’s request), (2) the Administrative Agent shall have confirmed of such Property’s inclusion in the Borrowing Base (such confirmation not to be unreasonably withheld, conditioned or delayed), and (3) the Borrower shall have (or shall cause to be) executed and delivered to the Administrative Agent the following instruments, documents and agreements in respect of such Property, each to be in form and substance reasonably satisfactory to the Administrative Agent:
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Conditions Precedent to a Property becoming a Borrowing Base Property. No Property shall become a Borrowing Base Property until Borrower shall have (or shall have caused to be) executed and delivered to Administrative Agent all documents and instruments required (i) prior to the occurrence of a Trigger Event, under Section 4.2 and 8.15 if such Property constitutes Minimum Land Collateral and (ii) after the occurrence of a Trigger Event, under Sections 4.3 and 8.15, and Administrative Agent shall have approved of such Property’s inclusion in the Borrowing Base, and the Borrower shall have (or shall cause to be) executed and delivered to Administrative Agent the following instruments, documents and agreements in respect of such Property, each to be in form and substance satisfactory to Administrative Agent:
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Conditions Precedent to a Property becoming a Borrowing Base Property. No Property shall become a Borrowing Base Property until Borrower shall have (or shall have caused to be) executed and delivered to Administrative Agent all documents and instruments required under Section 4.1, and the Requisite Lenders shall have approved of such Property as provided in such Section 4.1.
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Conditions Precedent to a Property becoming a Borrowing Base Property. No Property shall become a Borrowing Base Property until the Borrower shall have caused to be executed and delivered to the Agent and the Lenders all documents and instruments required to be so executed and delivered under Section 4.1., the Requisite Lenders shall have approved of, or shall have been deemed to have approved of, such Property as provided in such Section, and the Borrower shall have caused to be executed and delivered to the Agent the following instruments, documents and agreements in respect of such Property, each to be in form and substance reasonably satisfactory to the Agent:
Sample 1
Conditions Precedent to a Property becoming a Borrowing Base Property. No Property shall become a Borrowing Base Property and included in calculation of Maximum Loan Availability or Borrowing Base NOI until the Borrower shall have caused to be executed and delivered to the Administrative Agent all reports, information, documents and instruments required to be so executed and delivered under Section 4.1., the Administrative Agent and the Requisite Lenders shall have approved of such Property, if required by such Section, and the Borrower shall have caused to be executed and delivered to the Administrative Agent the following instruments, documents and agreements in respect of such Property, each to be in form and substance satisfactory to the Administrative Agent:
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Related to Conditions Precedent to a Property becoming a Borrowing Base Property

  • Conditions Precedent to Initial Borrowing The initial Borrowing under this Agreement is subject to the satisfaction of the following conditions precedent, except as otherwise agreed between the Borrower and the Administrative Agent.

  • Conditions Precedent to Each Credit Event The occurrence of each Credit Event (including the initial Borrowing) is subject to the further conditions that:

  • CONDITIONS PRECEDENT TO LOAN The obligations of Lender to make the Loan hereunder are subject to the satisfaction by Borrower of the following conditions:

  • Conditions Precedent to Each Extension of Credit Before any extension of credit governed by this agreement, whether by disbursement of a loan, issuance of a letter of credit or otherwise, the following conditions must be satisfied:

  • Conditions Precedent to the Initial Extension of Credit The obligation of each Lender to make its initial extension of credit provided for hereunder, is subject to the fulfillment, to the satisfaction of Agent and each Lender of each of the conditions precedent set forth on Schedule 3.1 (the making of such initial extension of credit by a Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent).

  • Conditions Precedent to Borrowing The obligation of the Liquidity Provider to make an Advance on the occasion of each Borrowing shall be subject to the conditions precedent that the Effective Date shall have occurred and, prior to the date of such Borrowing, the Borrower shall have delivered a Notice of Borrowing which conforms to the terms and conditions of this Agreement and has been completed as may be required by the relevant form of the Notice of Borrowing for the type of Advances requested.

  • Conditions Precedent to Loans The obligation of each Lender to make any Loans is subject, at the time of each such Loan, to the satisfaction of the following conditions:

  • Conditions Precedent to Initial Loan The obligation of Lender to make the initial Loan is subject to the condition precedent that Lender shall have received, in form and substance satisfactory to Lender, all of the following:

  • Conditions Precedent to Initial Advance The obligation of Bank to make the initial Advance is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following:

  • Conditions Precedent to All Credit Events The obligation of each Lender to make Loans (including Loans made on the Initial Borrowing Date), and the obligation of each Issuing Lender to issue Letters of Credit (including Letters of Credit issued on the Initial Borrowing Date), is subject, at the time of each such Credit Event (except as hereinafter indicated), to the satisfaction of the following conditions:

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