Additional Collateral Request definition
Examples of Additional Collateral Request in a sentence
Any failure of the proposed Borrowing Base Property to meet in all material respects all of the foregoing conditions shall be deemed a rejection of the proposed Borrowing Base Property for that Additional Collateral Request and such proposed Borrowing Base Property shall not be included in the Borrowing Base for any purpose unless and until all of the foregoing conditions are satisfied or waived by the Administrative Agent and the Required Lenders.
Any failure of the proposed Borrowing Base Property to meet in all material respects all of the foregoing conditions shall be deemed a rejection of the proposed Borrowing Base Property for that Additional Collateral Request and such proposed Borrowing Base Property shall not be included in the Borrowing Base for any purpose unless and until all of the foregoing conditions are satisfied or waived by the Administrative Agent and the Lenders.
From time to time during the term of this Agreement following Borrower's written request ("Additional Collateral Request"), in compliance with, and subject to, the provisions of this Section 3.4, the Agent may, in its sole discretion, accept one or more Individual Properties (as specifically identified by the Borrower in its Additional Collateral Request) as Collateral Properties to be held by the Agent as Collateral along with (or in substitution of one or more of) the other Collateral Properties.
Exhibit A EXHIBIT A TO LOAN AGREEMENT DEFINITIONS Additional Collateral Request as defined in Section 3.3.
Any failure of the proposed Additional Collateral to meet in all material respects all of the foregoing conditions shall be deemed a rejection of the proposed addition of the Additional Collateral in the Borrowing Base for that Additional Collateral Request and such proposed Additional Collateral shall not be included in the Borrowing Base for any purpose unless and until all of the foregoing conditions are satisfied or waived by the Agent and the Required Lenders.
The Agent shall notify the Borrower within ten (10) Business Days from the date of the Additional Collateral Request if either (x) such proposed Eligible Project Bond satisfies the conditions of this Loan Agreement and will be accepted as a Borrowing Base Eligible Project Bond, or (y) any existing Borrowing Base Eligible Project Bond has been confirmed to have become, and is accepted as, an Eligible Seasoned Bond or an Eligible Unenhanced Lease-Up Bond.