Quarterly. On the 45th day following each calendar quarter the Administrative Agent shall determine the Borrowing Base upon receipt of a Borrowing Base Certificate setting forth the components of the Borrowing Base dated as of the last day of the immediately preceding calendar quarter.
Appears in 3 contracts
Samples: Senior Unsecured Credit Agreement (Lasalle Hotel Properties), Senior Unsecured Credit Agreement (Lasalle Hotel Properties), Senior Unsecured Credit Agreement (Lasalle Hotel Properties)
Quarterly. On the 45th day following each calendar quarter the --------- Administrative Agent shall determine the Borrowing Base upon receipt of a Borrowing Base Certificate setting forth the components of the Borrowing Base dated as of the last day of the immediately preceding calendar quarter.
Appears in 3 contracts
Samples: Credit Agreement (American General Hospitality Corp), Credit Agreement (American General Hospitality Corp), Senior Unsecured Credit Agreement (Lasalle Hotel Properties)
Quarterly. On the 45th day following each calendar quarter (except when such calendar quarter ends on December 31, in which event it shall be on the 60th day following such calendar quarter) the Administrative Agent shall determine the Borrowing Base upon receipt of a Borrowing Base Certificate setting forth the components of the Borrowing Base dated as of the last day of the immediately preceding calendar quarter.
Appears in 2 contracts
Samples: Senior Credit Agreement (Eagle Hospitality Properties Trust, Inc.), Senior Unsecured Credit Agreement (Lasalle Hotel Properties)
Quarterly. On the 45th 50th day following each calendar quarter the --------- Administrative Agent shall determine the Borrowing Base upon receipt of a Borrowing Base Certificate setting forth the components of the Borrowing Base dated as of the last day of the immediately preceding calendar quarter.
Appears in 1 contract
Samples: Senior Unsecured Credit Agreement (American General Hospitality Corp)