Reduction of Borrowing Base Deficiency. Any Borrowing Base Deficiency may be reduced to zero by the Borrower taking one or more of the following actions which, after giving effect thereto, cause the aggregate Advances Outstanding to not exceed Availability at such time: (i) posting cash collateral in Dollars to the Principal Collection Account; (ii) repaying Advances Outstanding in accordance with Section 2.3(a); and (iii) posting additional Eligible Loans as Collateral.
Appears in 3 contracts
Sources: Loan and Security Agreement (KKR FS Income Trust), Loan and Security Agreement (FS KKR Capital Corp), Loan and Security Agreement (FS Investment Corp IV)
Reduction of Borrowing Base Deficiency. Any Borrowing Base Deficiency may be reduced to zero by the Borrower taking one or more of the following actions whichactions, which after giving effect thereto, cause the aggregate Advances Outstanding to not no longer exceed Availability at such time:
(i) posting cash collateral i. depositing Dollars in Dollars to the Principal Collection Account;
(ii) . repaying Advances Outstanding in accordance with Section 2.3(a); and
(iii) . posting additional Eligible Loans as Collateral.
Appears in 2 contracts
Sources: Loan, Security and Collateral Management Agreement (AG Twin Brook Capital Income Fund), Loan, Security and Collateral Management Agreement (AGTB Private BDC)
Reduction of Borrowing Base Deficiency. Any Borrowing Base Deficiency may be reduced to zero by the Borrower taking one or more of the following actions which, after giving effect thereto, cause the aggregate Advances Outstanding to not exceed Availability at such time:
(i) 1. posting cash collateral in Dollars to the Principal Collection Account;
(ii) 2. repaying Advances Outstanding in accordance with Section 2.3(a); and
(iii) 3. posting additional Eligible Loans as Collateral.
Appears in 1 contract