Common use of Borrowing Base Property Clause in Contracts

Borrowing Base Property. The Additional Borrower will be utilizing loan proceeds advanced under the Credit Agreement with respect to the following Borrowing Base Properties: ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇ (the “Cleveland, Ohio Property”) and ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, Livingston, Texas (“Livingston, Texas Property”). The Additional Borrower represents and warrants that use of such loan proceeds shall be in accordance with the terms and conditions of the Credit Agreement.

Appears in 1 contract

Sources: Joinder to Credit Agreement (Grubb & Ellis Healthcare REIT II, Inc.)

Borrowing Base Property. The Additional Borrower will be utilizing loan proceeds advanced under the Credit Agreement with respect to the following Borrowing Base Properties: ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇ (the “Cleveland, Ohio Property”) and ▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇, Livingston, Texas (the LivingstonEnnis, Texas Property”). The Additional Borrower represents and warrants that use of such loan proceeds shall be in accordance with the terms and conditions of the Credit Agreement.

Appears in 1 contract

Sources: Joinder to Credit Agreement (Grubb & Ellis Healthcare REIT II, Inc.)