Borrowing Base Limit Clause Samples
Borrowing Base Limit. The Borrower and the Lenders agree:
(a) as of the Closing, the Borrowing Base Limit is set at Cdn. $275,000,000; and
(b) the Borrowing Base Limit referred to in Section 7.2(a) shall be subject to adjustment and redetermination as provided for in this Article 7.
Borrowing Base Limit. Each Remaining Lender agrees pursuant to Section 7.1 of the Credit Agreement to increase the Borrowing Base Limit from Cdn. $275,000,000 to Cdn. $300,000,000.
Borrowing Base Limit. Each Lender confirms pursuant to Section 7.1 of the Credit Agreement that the Borrowing Base Limit, after giving effect to the dispositions consented to in Article 3 of this Amending Agreement, continues to be Cdn. $525,000,000.
Borrowing Base Limit. 7.1 Annual Determination of Borrowing Base Limit
7.2 Borrowing Base Limit 61 7.3 Sale of Borrowing Base Properties to Third Parties 62
Borrowing Base Limit. (1) No advance by the Bank will be made to the Borrower if at the time thereof the aggregate principal and interest outstanding on the Credit Facility would, or by the making of such advance, exceed the Borrowing Base Limits.
(2) The Borrower will provide to the Bank an accounts receivable aging report and an inventory report, on or before the 10th day of each month, with respect to the last preceding calendar inventory report, on or before the 10th day of each month. Such report shall be in form and content acceptable to the Bank.
(3) If, at any time, the aggregate principal and interest outstanding on the Credit Facility exceeds the Borrowing Base Limit the Borrower will make an immediate repayment to the Bank in reduction of the balance outstanding on the Line to eliminate such excess.
Borrowing Base Limit. The Company will not permit, as of the end of each fiscal month, an Adjusted Borrowing Base Limit II of not less than $10,000,000.
Borrowing Base Limit. At any time, permit the aggregate amount of the Obligations to exceed an amount equal to the Borrowing Base, less outstanding Consolidated Senior Unsecured Debt other than the Facility.
Borrowing Base Limit. 7.1 Annual Determination of Borrowing Base Limit
Borrowing Base Limit. Should the aggregate principal amount of the outstanding Loans at any time exceed the Borrowing Base at such time, the Company shall immediately repay such excess to the Administrative Agent, for the account of the Banks.
Borrowing Base Limit. At any time, permit the aggregate amount of the Obligations to exceed an amount equal to the Borrowing Base, less outstanding Unsecured Senior Debt other than the Facility.