Borrowing Base Availability. The Borrower shall not at any time permit the outstanding principal balance of the Revolving Credit Loans, Swing Loans and the Letter of Credit Liabilities to be greater than the Borrowing Base Availability; provided, however, that upon a violation of this §9.1 by the Borrower, no Event of Default shall exist hereunder in the event the Borrower cures such Default within five (5) Business Days of the occurrence of such event.
Appears in 4 contracts
Samples: Senior Secured Credit Agreement (Healthcare Trust, Inc.), Senior Secured Credit Agreement (Healthcare Trust, Inc.), Senior Secured Revolving Credit Agreement (American Realty Capital Healthcare Trust II, Inc.)
Borrowing Base Availability. The Borrower shall not at any time permit the outstanding principal balance of the Revolving Credit Loans, Swing Loans and the Letter of Credit Liabilities to be greater than the Borrowing Base Availability; provided, however, that upon a violation of this §9.1 by the Borrower, no Event of Default shall exist hereunder in the event the Borrower cures such Default by reducing such outstanding principal balance or adding additional Borrowing Base Assets in accordance with the terms of this Agreement within five ten (510) Business Days of the occurrence of such event.
Appears in 1 contract
Samples: Credit Agreement (NorthStar Healthcare Income, Inc.)
