Common use of Subsequently Acquired Property Clause in Contracts

Subsequently Acquired Property. If the Borrowers shall, following the Closing Date, acquire additional Oil and Gas Properties that are proposed to be Borrowing Base Properties, the Borrowers 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 7.9 hereof.

Subsequently Acquired Property. If the Borrowers shall, following the Closing Date, acquire additional Oil and Gas Properties that are proposed to be Borrowing Base Properties, the Borrowers 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 7.9 7.10 hereof.