Common use of Borrowing Base Compliance Clause in Contracts

Borrowing Base Compliance. If at any time the aggregate principal amount outstanding under the Line of Credit shall exceed the applicable Borrowing Base, Borrower shall pay to Lender an amount equal to the difference between the outstanding principal balance under the Line of Credit and the Borrowing Base.

Appears in 6 contracts

Samples: Loan Agreement (Carrier Access Corp), Loan Agreement (Zila Inc), Loan Agreement (Gentner Communications Corp)

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Borrowing Base Compliance. If at any time the aggregate principal amount outstanding Outstanding under the Line of Credit shall exceed the applicable Borrowing Base, Borrower shall pay to Lender an amount equal to the difference between the outstanding principal balance under the Line of Credit and the Borrowing Base.

Appears in 1 contract

Samples: Change in Terms Agreement (SCC Communications Corp)

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