Borrowing Base Limitations. Notwithstanding anything to the contrary set forth herein (but subject to Section 2.01(e)), it shall be a condition precedent to each Credit Event that after giving effect thereto (and the use of the proceeds thereof): (a) the Aggregate Exposure would not exceed 100% (or, during an Agent Advance Period, 110% to the extent the excess above 100% is attributable to one or more Agent Advances) of the Borrowing Base at such time; and (b) the Aggregate Exposure at such time would not exceed the Total Revolving Loan Commitment at such time.
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Sources: Abl Credit Agreement (J.Jill, Inc.), Abl Credit Agreement (J.Jill, Inc.), Abl Credit Agreement (J.Jill, Inc.)
Borrowing Base Limitations. Notwithstanding anything to the contrary set forth herein (but subject to Section 2.01(e)), it shall be a condition precedent to each Credit Event that after giving effect thereto (and the use of the proceeds thereof):
(a) the Aggregate Exposure would not exceed 100% (or, during an Agent Advance Period, Period 110% to the extent the excess above 100% is attributable to one or more Agent Advances%) of the Borrowing Base at such time; and
(b) the Aggregate Exposure at such time would not exceed the Total Revolving Loan Commitment at such time.
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Borrowing Base Limitations. Notwithstanding anything to the contrary set forth herein (but subject to Section 2.01(e)), it shall be a condition precedent to each Credit Event that after giving effect thereto (and the use of the proceeds thereof):
(a) the Aggregate Exposure would not exceed 100% (or, during an Agent Advance Period, Period 110% to the extent the excess above 100% is attributable to one or more Agent Advances%) of the Borrowing Base at such time; and
and (b) the Aggregate Exposure at such time would not exceed the Total Revolving Loan Commitment at such time.
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