Frequency of Calculations of Borrowing Base. Initially, the Borrowing Base for the Borrowing Base Property shall be the amount set on Schedule 4.1. Thereafter, the Borrowing Base shall be the amount set forth as such in the Borrowing Base Certificate delivered from time to time under Section 9.4(d) or other applicable provisions of this Agreement.
Appears in 11 contracts
Samples: Credit Agreement (LGI Homes, Inc.), Credit Agreement (LGI Homes, Inc.), Credit Agreement (LGI Homes, Inc.)
Frequency of Calculations of Borrowing Base. Initially, the Borrowing Base for the Borrowing Base Property shall be the amount set on Schedule 4.1forth as such in the Borrowing Base Certificate delivered under Section 6.1. Thereafter, the Borrowing Base shall be the amount set forth as such in the Borrowing Base Certificate delivered from time to time under Section 9.4(dSections 4.1., 4.2.(c) or other applicable provisions and 9.4.(d). Any increase in the Unencumbered Eligible Property Value of a Borrowing Base Property shall become effective as of the next determination of the Borrowing Base as provided in this AgreementSection.
Appears in 5 contracts
Samples: Term Loan Agreement (Broadstone Net Lease Inc), Credit Agreement (Broadstone Net Lease Inc), Credit Agreement (Broadstone Net Lease Inc)
Frequency of Calculations of Borrowing Base. Initially, the Borrowing Base for the Borrowing Base Property shall be the amount set on Schedule 4.1forth in the Borrowing Base Certificate delivered to Administrative Agent in connection with Closing. Thereafter, the Borrowing Base shall be the amount set forth as such in the Borrowing Base Certificate delivered from time to time under Section 9.4(d) or other applicable provisions of this Agreement.
Appears in 3 contracts
Samples: Credit Agreement (United Homes Group, Inc.), Credit Agreement (United Homes Group, Inc.), Credit Agreement (United Homes Group, Inc.)
Frequency of Calculations of Borrowing Base. Initially, the Borrowing Base for the Borrowing Base Property shall be the amount set forth in the Borrowing Base Certificate delivered to the Administrative Agent in connection with the closing hereunder on Schedule 4.1the Effective Date. Thereafter, the Borrowing Base shall be the amount set forth as such in the Borrowing Base Certificate delivered from time to time under Section 9.4(d) or other applicable provisions of this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Smith Douglas Homes Corp.), Credit Agreement (Smith Douglas Homes Corp.)
Frequency of Calculations of Borrowing Base. Initially, the Borrowing Base for the Borrowing Base Property shall be the amount set on Schedule 4.1. Thereafter, the Borrowing Base shall be the amount set forth as such in the Borrowing Base Certificate delivered under Section 6.1. Thereafter, the Borrowing Base shall be the amount set forth as such in any Borrowing Base Certificate delivered from time to time under Section 9.4(d) Article V. or other applicable provisions Article IX. Any increase in the Borrowing Base Value of a Borrowing Base Property shall become effective as of the next determination of the Borrowing Base Value as provided in this AgreementSection.
Appears in 2 contracts
Samples: Pledge Agreement (Corporate Office Properties Trust), Pledge Agreement (Corporate Office Properties Trust)
Frequency of Calculations of Borrowing Base. Initially, the Borrowing Base for the Borrowing Base Property shall be the amount set on Schedule 4.1forth as such in the Borrowing Base Certificate delivered under Section 6.1. Thereafter, the Borrowing Base shall be the amount set forth as such in the Borrowing Base Certificate delivered from time to time under Section 9.4(d) Article IX. or other applicable provisions 4.2.(b). Any increase in the Borrowing Base Value of a Borrowing Base Property shall become effective as of the next determination of the Borrowing Base Value as provided in this AgreementSection.
Appears in 2 contracts
Samples: Credit Agreement (Corporate Office Properties Trust), Credit Agreement (Corporate Office Properties Trust)
Frequency of Calculations of Borrowing Base. Initially, the Borrowing Base for the Borrowing Base Property shall be the amount set on Schedule 4.1forth as such in the Borrowing Base Certificate delivered under Section 6.1. Thereafter, the Borrowing Base shall be the amount set forth as such in the Borrowing Base Certificate delivered from time to time under Article IX. or Section 9.4(d) or other applicable provisions 4.3.(d). Any increase in the Borrowing Base attributable to a Borrowing Base Property shall become effective as of the next determination of the Borrowing Base as provided in this AgreementSection.
Appears in 1 contract
Samples: Credit Agreement (Excel Trust, Inc.)
Frequency of Calculations of Borrowing Base. Initially, the Borrowing Base for the Borrowing Base Property shall be the amount set on Schedule 4.1forth as such in the Borrowing Base Certificate delivered under Section 6.1. Thereafter, the Borrowing Base shall be the amount set forth as such in the Borrowing Base Certificate delivered from time to time under Section 9.4(d) or other applicable provisions of this AgreementArticle IX.
Appears in 1 contract
Samples: Credit Agreement (CapLease, Inc.)