Common use of Restrictions on Borrowing Clause in Contracts

Restrictions on Borrowing. Borrower shall not request a borrowing under the Loan if a Default or Event of Default exists at such time or if the result thereof would create or cause a Default or Event of Default.

Appears in 2 contracts

Sources: Master Loan and Security Agreement (Ion Geophysical Corp), Master Loan and Security Agreement (Ion Geophysical Corp)