Common use of Borrowing Base Deficit Clause in Contracts

Borrowing Base Deficit. A Borrowing Base Deficit shall exist and such condition shall continue unremedied for three (3) Business Days.

Appears in 3 contracts

Sources: Loan Agreement (Oxford Industries Inc), Loan Agreement (Choicepoint Inc), Loan Agreement (Central Freight Lines Inc/Tx)

Borrowing Base Deficit. A Borrowing Base Deficit shall exist and such condition shall continue unremedied for three (3) Business Days.

Appears in 2 contracts

Sources: Loan Agreement (Baldor Electric Co), Loan Agreement (Covenant Transport Inc)

Borrowing Base Deficit. A Borrowing Base Deficit shall exist ---------------------- and such condition shall continue unremedied for three (3) Business Days.

Appears in 1 contract

Sources: Loan Agreement (Dixie Group Inc)