Common use of Reduction of Borrowing Base Deficiency Clause in Contracts

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 no longer 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); (iii) posting additional Eligible Loans as Collateral; and (iv) any transaction whereby the Borrower agrees to sell or transfer Lo▇▇▇ ▇ledged as Collateral hereunder in accordance with Section 2.14(c).

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 no longer 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); (iii) posting additional Eligible Loans as Collateral; and (iv) any transaction whereby the Borrower agrees to sell or transfer Lo▇▇▇▇▇ ▇ledged pledged as Collateral hereunder in accordance with Section 2.14(c).