Common use of Borrowing Base Limitations Clause in Contracts

Borrowing Base Limitations. The Borrowers must ensure that the aggregate amount of all outstanding Borrowings (expressed in Dollars) will not at any time exceed the lesser of (i) the amount at such time of the Facility, and (ii) the Borrowing Base. Accordingly, no Borrower may request a Borrowing if the making of such Borrowing would result in such limit being exceeded.

Borrowing Base Limitations. The Borrowers must ensure that the aggregate amount of all outstanding Borrowings under the Facilities (expressed in Dollars) will not at any time exceed the lesser of (i) the amount at such time of the Facility, Facilities and (ii) the Borrowing Base. Accordingly, no Borrower may request a Borrowing under the Revolving Facility if the making of such Borrowing would result in such limit being exceeded.

Borrowing Base Limitations. The Borrowers must ensure that the aggregate amount of all outstanding Borrowings under the Facility (expressed in Dollars) will not at any time exceed the lesser of (i) the amount at such time of the Facility, Facility and (ii) the Borrowing Base. Accordingly, no Borrower may request a Borrowing if the making of such Borrowing would result in such limit being exceeded.

Borrowing Base Limitations. The Borrowers must ensure that the aggregate amount of all outstanding Borrowings (expressed in Dollars) under the Revolving Facility and the Term Loan will not at any time exceed the lesser of (i) the aggregate amount at such time of the FacilityRevolving Facility and the Term Loan, and (ii) the Borrowing Base. Accordingly, no Borrower may request a Borrowing if the making of such Borrowing would result in such limit being exceeded.

Borrowing Base Limitations. The Borrowers must ensure that the aggregate amount of all outstanding Borrowings (expressed in Dollars) will not at any time exceed the lesser of (i) the amount at such time of the Facility, and (ii) the Borrowing Base. Accordingly, no Borrower may request a Borrowing if the making of such Borrowing would result in such limit being exceeded.