Borrowing Base Conformity. (1) The Company shall cause to be maintained with the Lender a Borrowing Base such that the Collateral Value of the Borrowing Base is not less than, at any date, the sum of the aggregate dollar amount of outstanding Loans.
Borrowing Base Conformity. (1) In support of its obligation to repay Tranche A Committed Loans, Tranche C Loans, Bid Loans and L/C Drawings, the Company shall cause the Collateral Value of the Warehouse Borrowing Base plus any Supplemental Cash Collateral held by the Administrative Agent to be not less than, at any date, the sum of:
Borrowing Base Conformity. (1) The Company shall cause to be maintained with the Collateral Agent a Borrowing Base such that the Collateral Value of the Borrowing Base is not less than, at any date, the sum of the aggregate dollar amount of outstanding Loans.
Borrowing Base Conformity. In support of its obligation to repay Revolving Loans and L/C Drawings hereunder, the Company shall cause the Collateral Value of the Borrowing Base to be not less than, at any date, the aggregate principal amount of outstanding Revolving Loans, Outstanding Letters of Credit and unrepaid L/C Drawings on such date. The Company shall immediately prepay Revolving Loans to the Administrative Agent on behalf of the Lenders on any day in the amount by which the aggregate principal amount of outstanding Revolving Loans outstanding, Outstanding Letters of Credit and unrepaid L/C Drawings exceeds the Collateral Value of the Borrowing Base.
Borrowing Base Conformity. The Borrowing Base shall not at any time include Inventory which the Borrower knows or should know to be other than Acceptable Inventory.
Borrowing Base Conformity. In support of its obligation to repay ------------------------- Loans hereunder, the Company shall cause the Aggregate Collateral Value of the Borrowing Base to be not less than, at any date, the aggregate principal amount of Loans outstanding on such date. The Company shall immediately prepay Loans to the Agent on behalf of the Lenders, upon telephonic demand by the Agent, on any day in the amount by which the aggregate principal amount of outstanding Loans exceeds the Aggregate Collateral Value of the Borrowing Base.
Borrowing Base Conformity. (1) In support of its obligation to repay Loans, the Company shall cause the Collateral Value of the Borrowing Base and, if so required by the Majority Lenders in writing from time to time in their sole and absolute discretion, the Fair Market Value of the Borrowing Base, to be not less than, at any date, the aggregate principal amount of outstanding Loans and Funding Checks outstanding.
Borrowing Base Conformity. (1) In support of its obligation to repay Standard Loans and Swing Line Loans, the Company shall cause the Collateral Value of the Warehouse Borrowing Base to be not less than, at any date, the aggregate principal amount of Standard Loans and Swing Line Loans outstanding on such date (including any Standard Loans and Swing Line Loans to be funded on such date but excluding Loans which will be repaid with proceeds of Loans to be advanced on such date).
Borrowing Base Conformity. (1) In the event the Lender shall determine on any date that the Collateral Value of the Residuals Borrowing Base is less than the sum of the aggregate principal amount of Revolving Loans outstanding on such date, the Lender may, in its sole discretion, elect to deliver to the Company (which delivery may be by facsimile transmission) a Collateral Valuation Report so demonstrating. Upon receipt of such a Collateral Valuation Report, the Company shall, no later than thirty (30) days thereafter and subject to the right of the Company to exercise the Term-Out Option as provided in Paragraph 1(c) above, pay to the Company an amount (a "Required Principal Prepayment") equal to the amount by which the aggregate principal amount of Revolving Loans outstanding on the date of payment by the Company exceeds the Collateral Value of the Residuals Borrowing Base on the date of payment by the Company.
Borrowing Base Conformity. (a) In support of its obligation to repay the Loan hereunder, Borrower shall cause to be maintained with the Agent a Borrowing Base such that (i) the Borrowing Base is not less than, at any date, the sum of the aggregate outstanding principal amount of the Loan and (ii) the Borrowing Base for Committed Mortgage Loan Advances, Uncommitted Mortgage Loan Advances, Non-Conforming Mortgage Loan Advances, Pre-Warehouse Loans, Second Mortgage Loan Advances and Aged Mortgage Loan Advances are each not less than, at any date, the sum of the aggregate outstanding principal amounts of Committed Mortgage Loan Advances, Uncommitted Mortgage Loan Advances, Non-Conforming Mortgage Loan Advances, Pre-Warehouse Loans and Second Mortgage Loan Advances respectively.
