Borrowing Base Deficiency Cures Sample Clauses

Borrowing Base Deficiency Cures. Any Borrowing Base Deficiency may be cured by the Borrower taking one or more of the following actions:
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Borrowing Base Deficiency Cures. (i) In addition to any other obligation of the Borrower to cure any Borrowing Base Deficiency (Aggregate) pursuant to the terms of this Agreement, if any Borrowing Base Deficiency exists, then the Borrower may eliminate such Borrowing Base Deficiency in its entirety by effecting one or more (or any combination thereof) of the following actions: (A) deposit into or credit to the Collection Account cash and Eligible Investments, (B) repay Advances (together with all accrued and unpaid costs and expenses of the Agents, Document Custodian, Collateral Administrator, Securities Intermediary and the Lenders for which the Borrower has received a reasonably detailed invoice prior to such date of repayment, in each case in respect of the amount so repaid), (C) sell Collateral Assets in accordance with Article X, and/or (D) during the Reinvestment Period, pledge additional Collateral Assets as Collateral. For the avoidance of doubt, no Prepayment Fee shall be required in connection with any prepayment of an Advance made to cure a Borrowing Base Deficiency.
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Borrowing Base Deficiency Cures. (i) In addition to any other obligation of the Borrower to cure any Borrowing Base Deficiency pursuant to the terms of this Agreement, if any Borrowing Base Deficiency exists, then the Borrower shall within the applicable Borrowing Base Deficiency Cure Period either (A)(1) deposit into or credit to the Collection Account cash and Eligible Investments, (2) repay Advances (together with all accrued and unpaid costs and expenses of the Agents, Custodian, Collateral Administrator, Securities Intermediary and the Lenders for which the Borrower has received a reasonably detailed invoice prior to such date of repayment, in each case in respect of the amount so repaid), (3) sell Collateral Assets in accordance with Article X, (4) during the Reinvestment Period, pledge additional Collateral Assets as Collateral; provided that no Administrative Agent approval shall be required for a Collateral Asset pledged pursuant to this clause (4) to be treated as an “Eligible Collateral Asset” for a period not exceeding nine (9) months, so long as such additional Collateral Asset (I) is (x) a Broadly Syndicated Loan or (y) constitutes a portion of a pre-existing Eligible Collateral Asset that was approved by Administrative Agent, (II) has not been subject to an Asset Value Adjustment Event and (III) has not experienced a deterioration in the credit worthiness of the related Obligor or of the Obligor’s general industry, as determined by the Collateral Manager in accordance with the Collateral Management Standard and certified by the Collateral Manager to the Administrative Agent, and/or (5) deliver a Capital Raise Notice and/or (B) deliver to the Administrative Agent a written report (the “Cure Report”) showing a projected cure of any Borrowing Base Deficiency based on actions described in clause (A), if any, and pending purchases and sales of Collateral Assets by 3:00 p.m. on the second Business Day following the occurrence of the Borrowing Base Deficiency, which Cure Report shall (1) be satisfactory to the Administrative Agent, (2) give effect to all committed purchases of Collateral Assets and other financial assets by the Borrower and account in a manner satisfactory to the Administrative Agent for any change in the market value of any such Collateral Asset and (3) give effect to sales of Collateral Assets (including sales committed to on the date of such Cure Report) only if such sales are to Approved Broker Dealers or the Equityholder and Borrower reasonably expects such s...
Sample 1Sample 2Sample 3
Borrowing Base Deficiency Cures. (i) In addition to any other obligation of the Borrower to cure any Borrowing Base Deficiency pursuant to the terms of this Agreement, if any Borrowing Base Deficiency exists, then the Borrower may eliminate such Borrowing Base Deficiency in its entirety by effecting one or more (or any combination thereof) of the following actions: (A) deposit into or credit to a Collection Account cash and Eligible Investments, (B) repay Advances (together with all accrued and unpaid costs and expenses of the Agents, Custodian, Collateral Administrator, Securities Intermediary and the Lenders for which the Borrower has received a reasonably detailed invoice prior to such date of repayment, in each case in respect of the amount so repaid), (C) sell Collateral Assets in accordance with Article X, (D) during the Reinvestment Period, pledge additional Collateral Assets as Collateral, and/or (E) deliver an Equity Cure Notice pursuant to Section 2.05(c)(ii) (and after delivery of such Equity Cure Notice, the Borrower shall eliminate such Borrowing Base Deficiency in accordance with such Section 2.05(c)(ii)). For the avoidance of doubt, no Prepayment Fee shall be required in connection with any prepayment of an Advance made to cure a Borrowing Base Deficiency.
Sample 1Sample 2
Borrowing Base Deficiency Cures. (i) In addition to any other obligation of the Borrower to cure any Borrowing Base Deficiency pursuant to the terms of this Agreement, if any Borrowing Base Deficiency exists, then the Borrower may eliminate such Borrowing Base Deficiency in its entirety by effecting one or more (or any combination thereof) of the following actions: (A) deposit into or credit to the Collection Account cash and Eligible Investments, (B) repay Advances (together with any breakage payments pursuant to Section 2.10 and all accrued and unpaid costs and expenses of the Agents, Custodian, Collateral Administrator, Securities Intermediary and the Lenders for which the Borrower has received a reasonably detailed invoice prior to such date of repayment, in each case in respect of the amount so repaid) or (C) during the Reinvestment Period, pledge additional Collateral Loans as Collateral.
Sample 1
Borrowing Base Deficiency Cures. (i) In addition to any other obligation of the Borrower to cure any Borrowing Base Deficiency pursuant to the terms of this Agreement, if any Borrowing Base Deficiency exists, then the Borrower may eliminate such Borrowing Base Deficiency in its entirety by effecting one or more (or any combination thereof) of the following actions: (A) deposit into or credit to the Principal Collection Account Cash and Eligible Investments, (B) repay Advances (together with any breakage payments pursuant to Section 2.10 and all accrued and unpaid costs and expenses of the Agents, Custodian, Collateral Administrator, Securities Intermediary and the Lenders, in each case in respect of the amount so repaid) or (C) during the Reinvestment Period, pledge additional Collateral Loans as Collateral.
Sample 1
Borrowing Base Deficiency Cures. (i) In addition to any other obligation of the Borrower to cure any Borrowing Base Deficiency pursuant to the terms of this Agreement, if any Borrowing Base Deficiency exists, then the Borrower may eliminate such Borrowing Base Deficiency in its entirety by effecting one or more (or any combination thereof) of the following actions: (A) deposit into or credit to the Collection Account Cash and Eligible Investments, (B) repay the Advances (together with any breakage payments pursuant to Section 2.10 and all accrued and unpaid costs and expenses of the Agents, Custodian, Collateral Administrator, Securities Intermediary and the Lenders for which the Borrower has received a reasonably detailed invoice prior to such date of repayment, in each case in respect of the amount so repaid), or (C) sell Collateral Loans in accordance with Section 10.01.
Sample 1
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Borrowing Base Deficiency Cures. Any Borrowing Base Deficiency must be cured by the Borrower within five (5) Business Days (or ten (10) Business Days if such deficiency is solely the result of the decrease of the Assigned Value of a Loan by the Controlling Lender pursuant to clause (b) or (c) of the definition of Assigned Value) of the occurrence thereof by taking one or more of the following actions:
Sample 1
Borrowing Base Deficiency Cures. (i) In addition to any other obligation of the Borrower to cure any Borrowing Base Deficiency pursuant to the terms of this Agreement, if any Borrowing Base Deficiency exists, then the Borrower may eliminate such Borrowing Base Deficiency in its entirety by effecting one or more (or any combination thereof) of the following actions:
Sample 1

Related to Borrowing Base Deficiency Cures

  • Borrowing Base If, at any time, (A) the Revolver Usage on such date exceeds (B) the lesser of (x) the Borrowing Base reflected in the Borrowing Base Certificate most recently delivered by Borrowers to Agent, or (y) the Maximum Revolver Amount, in all cases as adjusted for Reserves established by Agent in accordance with Section 2.1(c), then Borrowers shall immediately prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the amount of such excess.

  • Initial Borrowing Base For the period from and including the Closing Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $2,250,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.14(e), (f) and (g).

  • Borrowing Base Certificate The Administrative Agent shall have received a Borrowing Base Certificate which calculates the Borrowing Base as of the end of the month immediately preceding the Effective Date.

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