Common use of Limited Review Properties Clause in Contracts

Limited Review Properties. If (A) the initial Borrowing Base Value of such Subject Property is less than $10,000,000 and (B) such Subject Property satisfies the limited review criteria set forth on Schedule 4.1(b), then upon delivery of all of the following documents to the Administrative Agent and the Lenders (in electronic form, if feasible and acceptable to the Lenders), in form and substance satisfactory to the Administrative Agent, such Subject Property shall become a Borrowing Base Property: (1) a certificate of the chief financial officer of the general partner of the Borrower substantially in the form of Exhibit M setting forth, among other things, a description of such Property and certifying that the conditions set forth in (A) and (B) above have been satisfied with respect to such Property; (2) a true and correct copy of all materials relating to such Property submitted by the general partner of the Borrower to the Investment Committee of its board of directors for their approval of such Property; (3) all of the documents required to be provided under Section 6.3 and, if the Recordation Date has occurred, Section 4.5(b), with respect to such Property, if not previously delivered to the Administrative Agent; (4) if there exists any deferred maintenance with respect to such Property, an engineering report prepared by Borrower or one of its Affiliates with respect to such Property setting forth in reasonable detail such deferred maintenance and the estimated cost thereof; and (5) such other items or documents as may be appropriate under the circumstances as reasonably requested by the Administrative Agent.