Subsequently Acquired Property. If EPPG shall, following the Closing Date, acquire additional Oil and Gas Properties that are proposed to be Borrowing Base Properties, EPPG shall grant security interests and mortgage Liens to the Administrative Agent, for the ratable benefit of the Secured Parties, in and on any such property to the extent provided in Section 7.7 hereof.
Appears in 3 contracts
Sources: Credit Agreement (El Paso Production Holding Co), Credit Agreement (El Paso CGP Co), Credit Agreement (El Paso Corp/De)