Common use of Mandatory Prepayments due to Borrowing Base Deficiency Clause in Contracts

Mandatory Prepayments due to Borrowing Base Deficiency. In the event that at any time any Borrowing Base Deficiency shall exist, the Borrower shall prepay the Syndicated Loans and/or the Term Loans (subject to

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Solar Capital Ltd.)

Mandatory Prepayments due to Borrowing Base Deficiency. In the event that at any time any Borrowing Base Deficiency shall exist, the Borrower shall prepay the Syndicated Loans and/or the Term Loans (subject toor provide cover for Letters of Credit as contemplated by

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Ares Capital Corp)