Post-Closing ItemsLiquidity Trigger Event Sample Clauses

Post-Closing ItemsLiquidity Trigger Event. Borrower has been unable, as of the date hereof, to satisfy all of the conditions precedent to the acceptance of certain assets for the calculation of Borrowing Base Availability under this Agreement but Agent and the Lenders are willing to enter into this Agreement and accept certain Loan Documents subject to the terms of this Section. Borrower shall cause each of the items described on Schedule 7.23 attached hereto and made a part hereof to be delivered to and approved by Agent on or before March 15, 2017, as such period may be extended by Agent in its discretion. All such items shall be in form and substance reasonably satisfactory to Agent. Borrower further acknowledges that with respect to the each of the Initial Borrowing Base Properties identified as numbers 3 (Creston, Iowa - Supertel), 4 (Billings, Montana - Super 8), 7 (Creston,