Common use of Advances in Excess of Borrowing Base Clause in Contracts

Advances in Excess of Borrowing Base. (OVERADVANCES). (a) No Revolving Credit Lender has any obligation to make any loan or advance, or otherwise to provide any credit to or for the benefit of the Borrower where the result of such loan, advance, or credit is an OverAdvance. (b) The Revolving Credit Lenders' obligations, among themselves, are subject to Section 3.3(a) (which relates to each Revolving Credit Lender's making amounts available to the Agent) and to Section 15.3(a) (which relates to Protective OverAdvances). (c) The Revolving Credit Lenders' providing of an OverAdvance on any one occasion does not affect the obligations of the Borrower hereunder (including the Borrower's obligation to immediately repay any amount which otherwise constitutes an OverAdvance) nor obligate the Revolving Credit Lenders to do so on any other occasion.

Advances in Excess of Borrowing Base. (OVERADVANCES). (a) No Revolving Credit Lender has any obligation to make any loan or advance, or otherwise to provide any credit to or for the benefit of the Borrower Borrowers where the result of such loan, advance, or credit is an OverAdvance. (b) The Revolving Credit Lenders' ’ obligations, among themselves, are subject to Section 3.3(a2.25(a) (which relates to each Revolving Credit Lender's ’s making amounts available to the Agent) and to Section 15.3(a) (which relates to Protective OverAdvances). (c) The Revolving Credit Lenders' ’ providing of an OverAdvance on any one occasion does not affect the obligations of the Borrower Borrowers hereunder (including the Borrower's Borrowers’ obligation to immediately repay any amount which otherwise constitutes an OverAdvance) nor obligate the Revolving Credit Lenders to do so on any other occasion.

Advances in Excess of Borrowing Base. (OVERADVANCESOverLoans). (a) No Revolving Credit Lender has any obligation to the Borrowers to make any loan or advance, or otherwise to provide any credit to or for the benefit of the Borrower Borrowers where the result of such loan, advance, or credit is an OverAdvanceOverLoan. (b) The Revolving Credit Lenders' obligations, among themselves, are subject to (among other provisions of this Agreement) Section 3.3(a12.2(a) (which relates to each Revolving Credit Lender's making amounts available to the Agent) and to Section 15.3(a15.3 (a) (which relates to Protective OverAdvances). (c) The Revolving Credit Lenders' providing of an OverAdvance OverLoan on any one occasion does not affect the obligations of the each Borrower hereunder (including the each Borrower's obligation to immediately repay any amount which otherwise constitutes an OverAdvanceOverLoan) nor obligate the Revolving Credit Lenders to do so on any other occasion.