Common use of Conditions Precedent to a Property becoming a Borrowing Base Property Clause in Contracts

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:

Conditions Precedent to a Property becoming a Borrowing Base Property. No Property shall become a Borrowing Base Property until the Borrower shall have (or shall have caused to be) executed and delivered to the Administrative Agent all documents and instruments required under Section 4.1., the Requisite Lenders shall have approved of such Property’s inclusion Property as provided in the Borrowing Basesuch Section, 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 reasonably satisfactory to the Administrative Agent:

Conditions Precedent to a Property becoming a Borrowing Base Property. No Property shall become a Borrowing Base Property until the Borrowers shall have (or shall have caused to be) executed and delivered to the Administrative Agent all documents and instruments required under Section 4.1, and the Requisite Lenders shall have approved of such Property’s inclusion Property as provided in the Borrowing Basesuch Section, and the Borrower Borrowers 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:

Conditions Precedent to a Property becoming a Borrowing Base Property. No Property shall become a Borrowing Base Property until the unless (w) it is an Eligible Property, (x) all Mortgage Requirements with respect thereto have been satisfied, (y) Administrative Agent shall have approved of such Property’s Property for inclusion in the Borrowing Base, and (z) 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:

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) NAI-1502661059v7 72 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: