Common use of Borrowing Base Deficit Clause in Contracts

Borrowing Base Deficit. At any time the aggregate principal amount of all Loans outstanding hereunder shall exceed the Borrowing Base and such condition shall continue unremedied for two Business Days.

Appears in 1 contract

Sources: Receivables Financing Agreement (Asta Funding Inc)

Borrowing Base Deficit. At any time the aggregate principal amount of all Loans outstanding hereunder shall exceed the Borrowing Base and such condition shall continue unremedied for two consecutive Business Days.

Appears in 1 contract

Sources: Receivables Financing Agreement (KBK Capital Corp)