Common use of Borrowing Base Conformity; Mandatory Prepayments Clause in Contracts

Borrowing Base Conformity; Mandatory Prepayments. (1) The Companies shall cause to be maintained with the Collateral Agent a Tranche A Borrowing Base such that the Collateral Value of the Tranche A Borrowing Base is not less than, at any date, the sum of the aggregate dollar amount of outstanding Tranche A Loans plus the aggregate dollar amount of outstanding Swing Line Loans which have been identified by the Companies in the applicable Loan Request as being scheduled for repayment by Tranche A Loans.

Appears in 5 contracts

Samples: Credit Agreement (CWM Mortgage Holdings Inc), Credit Agreement (CWM Mortgage Holdings Inc), Credit Agreement (CWM Mortgage Holdings Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.