Common use of Borrowing Base Limitations Clause in Contracts

Borrowing Base Limitations. After giving effect thereto (and the use of the proceeds thereof): (i) the Total Revolving Credit Exposure would not exceed the Line Cap at such time; (ii) the Total Canadian Tranche Revolving Credit Exposure at such time would not exceed the Canadian Line Cap at such time; and (iii) the Total US Tranche Revolving Credit Exposure at such time would not exceed the US Line Cap at such time. Each Borrowing of a Loan (other than a conversion of Loans to the other Type, or a continuation of Eurodollar Loans) by and issuance of a Letter of Credit on behalf of one or more Borrower hereunder shall constitute a representation and warranty by Holdings and such Borrower as of the date of such extension of credit that the conditions contained in this Section 4.2 have been satisfied.

Borrowing Base Limitations. After giving effect thereto (and the use of the proceeds thereof): (i) the Total Revolving Credit Exposure would not exceed the Line Cap at such time; (ii) the Total Canadian Tranche Revolving Credit Exposure at such time would not exceed the Canadian Line Cap at such time; and (iii) the Total US Tranche Revolving Credit Exposure at such time would not exceed the US Line Cap at such time. Each Borrowing of a Loan (other than a conversion of Loans to the other Type, or a continuation of Eurodollar Fixed Rate Loans) by and issuance of a Letter of Credit on behalf of one or more Borrower hereunder shall constitute a representation and warranty by Holdings and such Borrower as of the date of such extension of credit that the conditions contained in this Section 4.2 have been satisfied.