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Common use of Borrowing Base Value Clause in Contracts

Borrowing Base Value. The Borrower will not at any time permit the Outstanding Obligations to exceed the aggregate Borrowing Base Value of the Mortgaged Properties.

Appears in 2 contracts

Sources: Revolving Credit Loan Agreement (Koger Equity Inc), Revolving Credit Agreement (Amerivest Properties Inc)

Related Clauses

  • Borrowing Base
  • Initial Borrowing Base
  • Borrowing Base Properties
  • Calculation of Borrowing Base
  • Borrowing Base Report

Parent Clauses

  • Borrowing Base Determinations
  • REVOLVING CREDIT FACILITY
  • Commitments to Make Loans Maximum Advance Borrowing Base Value
  • Unfunded or Underfunded Liabilities
  • Keepwell

Sub-Clauses

  • Property-Level Information
  • Review; Agent's Determination
  • Effective Date
  • Borrowing Base Value Certificate
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