Common use of Eligibility of Properties Clause in Contracts

Eligibility of Properties. (a) As of the Agreement Date, the Lenders have approved for inclusion in calculations of the Borrowing Base the Properties identified on Schedule 4.1. Upon satisfaction of the conditions set forth in Section 4.2., such Properties shall become Collateral Properties.

Eligibility of Properties. (a) As of the Agreement Date, the Lenders have approved for inclusion in calculations of the Borrowing Base the Properties identified on Schedule 4.1. having the Appraised Values and Implied Debt Service Coverage Values as set forth on such Schedule. Upon satisfaction of the conditions set forth in Section 4.2., such Properties shall become Collateral Properties.

Eligibility of Properties. (a) As of the Agreement Date, the Lenders have approved for inclusion in calculations of the Borrowing Base the Properties identified on Schedule 4.1., as well as the Borrowing Base Value initially attributable to each such Property. Upon satisfaction of the conditions set forth in Section 4.26.3., such Properties shall become Collateral Borrowing Base Properties.