Borrowing Base Qualification Documents definition

Borrowing Base Qualification Documents means, with respect to any Student Housing Property which the Borrower seeks to include as a Borrowing Base Property in the calculation of the Aggregate Borrowing Base Amount, the following which are to be received by Administrative Agent not less than ten (10) Business Days prior to any addition of such Student Housing Property to the Borrowing Base Properties:
Sample 1Sample 2
Borrowing Base Qualification Documents means, with respect to any Student Housing Property which the Borrower seeks to include as a Borrowing Base Property in the calculation of the Aggregate Borrowing Base Amount, the following which are to be received by Administrative Agent not less than five (5) Business Days prior to any addition of such Student Housing Property to the Borrowing Base Properties: (a) a formal written request of Borrower to Administrative Agent to add a Student Housing Property as a Borrowing Base Property; (b) the Borrowing Base Certificate required by Section 5.03(d); (c) if such Student Housing Property is owned or leased by a Subsidiary Guarantor, such Subsidiary Guarantor shall have executed and delivered to Administrative Agent a Guaranty Supplement and such other documents described in Section 3.01(a)(iii), (iv), (v), (vi), (vii), (x), (xi) and (xii) as Administrative Agent may reasonably require; (d) historic operating statements, if available, for the prior eight (8) fiscal quarters; (e) a current rent roll certified by the Borrower and showing such information as the Administrative Agent may reasonably require; (f) a projected operating budget for such Student Housing Property for the next four (4) fiscal quarters of the Borrower; (g) a budget setting forth any capital expenditures to be made with respect to such Student Housing Property within the following twelve (12) month period, in form and substance satisfactory to the Administrative Agent; and (h) a certification of an officer of Borrower that such Student Housing Property meets each of the Borrowing Base Property Conditions. With respect to the Student Housing Property owned by 1772 Sweet Home Road, LLC, ACC OP Sweet Home LLC shall remain a Subsidiary Guarantor and shall deliver to Administrative Agent the documents described in Section 3.01.
Sample 1
Borrowing Base Qualification Documents appearing in Section 1.01 of the Credit Agreement: “With respect to the Student Housing Property owned by Village At Newark Urban Renewal, LLC, ACC OP (Village At Newark) LLC shall become a Subsidiary Guarantor and shall deliver to Administrative Agent the documents described in clause (c) above together with such certified copies of the operating agreement of Village At Newark Urban Renewal, LLC, certificates of good standing and other matters with respect to Village At Newark Urban Renewal, LLC as Administrative Agent may reasonably require.”
Sample 1

Examples of Borrowing Base Qualification Documents in a sentence

  • The Borrowing Base Qualification Documents for each Borrowing Base Property included in the calculation of the Borrowing Base Availability as of the Closing Date shall have been delivered to the Agent at the Borrower’s expense and shall be in form and substance reasonably satisfactory to the Agent.

  • The Borrower has delivered to the Agent true copies of the Leases and any amendments thereto relating to each Borrowing Base Property required to be delivered as a part of the Borrowing Base Qualification Documents.

  • Any (a) (i) Eligible Real Estate, or (ii) Real Estate which is capable of becoming Eligible Real Estate through the approval of the Required Lenders, and the completion and delivery of Borrowing Base Qualification Documents as required by the Agent, or (b) Mortgage Loan.

  • The Borrowing Base Qualification Documents for each Borrowing Base Asset added to the calculation of the Borrowing Base Availability on the Closing Date shall have been delivered to the Agent at the Borrower’s expense and shall be in form and substance reasonably satisfactory to the Agent (which for the purposes hereof may include Borrowing Base Qualification Documents delivered pursuant to the Existing Credit Agreement).

  • The Eligible Real Estate Qualification Documents for each Eligible Real Estate that is a Borrowing Base Asset as of the Closing Date shall have been delivered to the Agent at the Borrower’s expense and shall be in form and substance reasonably satisfactory to the Agent (which for the purposes hereof may include Borrowing Base Qualification Documents delivered pursuant to the Existing Credit Agreement).

  • Any Equity Interests in a Wholly-Owned Subsidiary of Borrower which is not at the time included in the Collateral and whose assets consist of (i) Eligible Real Estate, or (ii) Real Estate which is capable of becoming Eligible Real Estate through the approval of the Required Lenders, and the completion and delivery of Borrowing Base Qualification Documents as required by the Agent.

  • The Borrower has delivered to the Agent true copies of the Leases and any amendments thereto relating to each Borrowing Base Property required to be delivered as a part of the Borrowing Base Qualification Documents (other than the boat slip leases with respect to the Borrowing Base Properties located at 000 Xxxx Xxxx, Xxxxxxxx, Xxxxxxxx and 000 Xxxxx Xxxxx, Xxx Xxxxx, Xxxxxxx).

  • In connection with the execution of this Amendment, Borrower has delivered to Administrative Agent the documents required under Borrowing Base Qualification Documents with respect to such property becoming an Additional Borrowing Base Property.

  • The Unencumbered Borrowing Base Qualification Documents for each Unencumbered Borrowing Base Property included in the calculation of the Borrowing Base Availability as of the Closing Date shall have been delivered to the Agent at the Borrower’s expense and shall be in form and substance reasonably satisfactory to the Agent.

  • The Borrowing Base Qualification Documents for each Borrowing Base Property included as of the Closing Date shall have been delivered to the Agent at the Borrower’s expense and shall be in form and substance reasonably satisfactory to the Agent.


More Definitions of Borrowing Base Qualification Documents

Borrowing Base Qualification Documents means, with respect to any Student Housing Property which the Borrower seeks to designate as a Borrowing Base Property, the following which are to be received by Administrative Agent not less than five (5) Business Days prior to any addition of such Student Housing Property to the Borrowing Base Properties: (a) a formal written request of Borrower to Administrative Agent to add a Student Housing Property as a Borrowing Base Property; (b) the Borrowing Base Certificate required by Section 5.03(d); (c) if such Student Housing Property is owned or leased by a Wholly Owned Subsidiary, a Guaranty Supplement and such other documents described in Section 3.01(a)(iii), (iv), (v), (vi), (vii), (x) and (xi) shall have been executed and delivered to Administrative Agent by such Persons as Administrative Agent may reasonably require; (d) the Pledgor or the Additional Pledgor, as the case may be, shall have executed and/or delivered, as applicable, to Administrative Agent the Security Documents and such other documents described in Section 7.09(b); (e) historic operating statements, if available, for the prior eight (8) fiscal quarters; (f) a current rent roll certified by the Borrower and showing such information as the Administrative Agent may reasonably require; (g) a projected operating budget for such Student Housing Property for the next four (4) fiscal quarters of the Borrower; (h) a budget setting forth any capital expenditures to be made with respect to such Student Housing Property within the following twelve (12) month period, in form and substance satisfactory to the Administrative Agent; and (i) a certification of an officer of Borrower that such Student Housing Property meets each of the Borrowing Base Property Conditions.
Sample 1

Related to Borrowing Base Qualification Documents

  • Monthly Qualification Cycle means a period beginning one (1) Business Day prior to the first day of the current Statement Cycle through one (1) Business Day prior to the close of the current Statement Cycle.

  • Statement of Qualifications means a written statement submitted to a procurement unit in response to a request for statement of qualifications.

  • pre-qualification means a screening process designed to ensure that invitations to bid are confined to capable providers;

  • Acquisition Documentation collectively, the Acquisition Agreement and all schedules, exhibits and annexes thereto and all side letters and agreements affecting the terms thereof or entered into in connection therewith.

  • Acquisition Documents means the Acquisition Agreement, all other agreements to be entered into between or among the Acquired Company or its Affiliates and the Borrower or its Affiliates in connection with the Acquisition and all schedules, exhibits and annexes to each of the foregoing and all side letters, instruments and agreements affecting the terms of the foregoing or entered into in connection therewith.

  • Closing Date Material Adverse Effect means a “Material Adverse Effect” as defined in the Acquisition Agreement.

  • Perfection Representations means the representations, warranties and covenants set forth in Schedule 1 attached hereto.

  • Supplemental Perfection Certificate means a certificate substantially in the form of Exhibit G or any other form approved by the Administrative Agent.

  • Permitted Securitization Documents means all documents and agreements evidencing, relating to or otherwise governing a Permitted Securitization Financing.

  • New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d).

  • Acquisition Agreement Representations means the representations and warranties with respect to the Companies made by the Seller in the Acquisition Agreement to the extent a breach of such representations and warranties is material to the interests of the Lenders, but only to the extent that the Borrower or its Affiliates have the right to terminate its or their obligations under the Acquisition Agreement (or decline to consummate the Rockwood Acquisition) as a result of a breach of such representations in the Acquisition Agreement.

  • Specified Acquisition Agreement Representations means such of the representations and warranties in the Acquisition Agreement made by the Acquired Company with respect to the Acquired Company and its subsidiaries as are material to the interests of the Lenders, but only to the extent that the Borrower (and/or its applicable Affiliate) has the right to terminate its and/or such Affiliate’s obligations under the Acquisition Agreement as a result of a breach of such representations in the Acquisition Agreement.

  • Securitization Documents means all documentation relating to any Permitted Securitization.

  • Perfection Certificate Supplement means a certificate supplement in the form of Exhibit L-2 or any other form approved by the Collateral Agent.

  • Verification Documents means, with respect to any Note Owner, a certification from such Note Owner certifying that such Person is in fact, a Note Owner, as well as one additional piece of documentation reasonably satisfactory to the recipient, such as a trade confirmation, account statement, letter from a broker or dealer or other similar document.

  • L/C Documents means the Letters of Credit, any draft or other document presented in connection with a drawing thereunder, the Applications and this Agreement.

  • Asset Pool 1 Supplement means the Asset Pool 1 Supplement dated as of October 9, 2002, by and between the Issuer and the Indenture Trustee, as amended and supplemented from time to time.

  • Material Amendment has the meaning provided in Section 9.6.

  • Qualification Date means the date as of which the Offering Statement was or will be qualified with the Commission pursuant to Regulation A, the Act and the Rules and Regulations; and

  • Borrowing Base Report means a report in substantially the form of Exhibit E (or such other form approved by Administrative Agent) certified by a Responsible Officer of Borrower.

  • Borrowing Base Certificate means a certificate, signed and certified as accurate and complete by a Financial Officer of the Borrower Representative, in substantially the form of Exhibit C or another form which is acceptable to the Administrative Agent in its sole discretion.

  • Borrowing Base Assets means a collective reference to all Borrowing Base Assets in existence at any given time.

  • Formation Documents means, collectively, the Issuer LLC Agreement, the Issuer Certificate of Formation and any other document pursuant to which the Issuer is formed or governed, as each may be amended or supplemented from time to time.

  • Request for Qualifications means all materials and

  • Minimum Qualifications means the requirements of education, training, experience and other basic qualifications for a job.

  • Impermissible Qualification means, relative to the opinion or certification of any independent public accountant as to any financial statement of the Borrower, any qualification or exception to such opinion or certification: