Common use of Eligible Real Property Clause in Contracts

Eligible Real Property. As to each parcel of Real Property that is identified by any Borrower as Eligible Real Property in a Borrowing Base Certificate submitted to Agent, such Real Property, to the extent that any officer of any Loan Party has knowledge or reasonably should have had knowledge, is not excluded as ineligible by virtue of one or more of the excluding criteria (other than Agent discretionary criteria) set forth in the definition of Eligible Real Property.

Eligible Real Property. As to each parcel of Real Property that is identified by any Borrower as Eligible Real Property Inventory in a Borrowing Base Certificate submitted to Agent, such Real Property, to the extent that any officer of any Loan Party has knowledge or reasonably should have had knowledge, Property is not excluded as ineligible by virtue of one or more of the excluding criteria (other than Agent Agent-discretionary criteria) set forth in the definition of Eligible Real Property.