Minimum Property Requirement. Beginning on September 30, 2012 and continuing until December 29, 2013, the Borrowing Base shall consist of not less than three (3) Mortgaged Properties. Beginning on December 30, 2013, and continuing thereafter, the Borrowing Base shall consist of not less than five (5) Mortgaged Properties with an aggregate Appraised Value of not less than $100,000,000.00.
Appears in 2 contracts
Samples: Credit Agreement (Carter Validus Mission Critical REIT, Inc.), Credit Agreement (Carter Validus Mission Critical REIT, Inc.)
Minimum Property Requirement. Beginning on September 30January 31, 2012 2015 and continuing until December 29July 31, 20132015, the Borrowing Base shall consist of not less than three (3) Mortgaged Properties. Beginning on December 30August 1, 20132015, and continuing thereafter, the Borrowing Base shall consist of not less than five (5) Mortgaged Properties with an aggregate Appraised Value of not less than $100,000,000.0025,000,000.00.
Appears in 1 contract
Samples: Credit Agreement (Carter Validus Mission Critical REIT II, Inc.)
Minimum Property Requirement. Beginning on September 30, 2012 As of the Closing Date and continuing until December 2930, 2013, the Borrowing Base shall consist of not less than three (3) Mortgaged Properties. Beginning on December 3031, 2013, and continuing thereafter, the Borrowing Base shall consist of not less than five (5) Mortgaged Properties with an aggregate Appraised Value of not less than $100,000,000.00.
Appears in 1 contract
Samples: Credit Agreement (Carter Validus Mission Critical REIT, Inc.)
