Borrowing Base Deficiency. (a) If the Revolving Facility Usage ever exceeds the Borrowing Base, the Borrower shall, within ten (10) days after receipt of written notice of such condition from the Administrative Agent, elect by written notice to the Administrative Agent to take one or more of the following actions to eliminate the Borrowing Base deficiency:
Appears in 4 contracts
Samples: Credit Agreement (CNX Resources Corp), Credit Agreement (CNX Resources Corp), Credit Agreement (CONSOL Energy Inc)
Borrowing Base Deficiency. (a) If the Revolving Facility Usage ever exceeds the Borrowing BaseBase (other than in the circumstances where Section 5.6.4(c) [Mandatory Prepayments] applies), the Borrower shall, within ten (10) days after receipt of written notice of such condition from the Administrative Agent, elect by written notice to the Administrative Agent to take one or more of the following actions to eliminate the Borrowing Base deficiencyDeficiency:
Appears in 3 contracts
Samples: Credit Agreement (CNX Resources Corp), Credit Agreement (CNX Resources Corp), Credit Agreement (CNX Resources Corp)
Borrowing Base Deficiency. (a75) If the Revolving Facility Usage ever exceeds the Borrowing BaseBase (other than in the circumstances where Section 5.6.4(c) [Mandatory Prepayments] applies), the Borrower shall, within ten (10) days after receipt of written notice of such condition from the Administrative Agent, elect by written notice to the Administrative Agent to take one or more of the following actions to eliminate the Borrowing Base deficiencyDeficiency:
Appears in 1 contract
Borrowing Base Deficiency. (a) If the Revolving Facility Usage ever exceeds the Borrowing Base, the Borrower shall, within ten (10) days after receipt of written notice of such condition from the Administrative Agent, elect by written notice to the Administrative Agent to take one or more of the following actions to eliminate remedy the Borrowing Base deficiency:
Appears in 1 contract
Samples: Joinder and Assumption Agreement (CONSOL Energy Inc)
Borrowing Base Deficiency. (a) If Subject to Section 5.6(b) below, if the Revolving Facility Usage ever exceeds the Borrowing Base, the Borrower shall, within ten (10) days after receipt of written notice of such condition from the Administrative Paying Agent, elect by written notice to the Administrative Paying Agent to take one or more of the following actions to eliminate remedy the Borrowing Base deficiency:
Appears in 1 contract
Samples: Credit Agreement (Consol Energy Inc)
Borrowing Base Deficiency. (a) If Subject to Section 5.11(b) below, if the Revolving Facility Usage ever exceeds the Borrowing Base, the Borrower shall, within ten (10) days after receipt of written notice of such condition from the Administrative Agent, elect by written notice to the Administrative Agent to take one or more of the following actions to eliminate remedy the Borrowing Base deficiency:
Appears in 1 contract
Samples: Credit Agreement (CNX Gas Corp)
Borrowing Base Deficiency. (a) If the Revolving Facility Usage ever exceeds the Borrowing Base, the Borrower shall, within ten (10) days after receipt of written notice of such condition from the Administrative Agent, elect by written notice to the Administrative Agent to take one or more of the following actions to eliminate the Borrowing Base deficiencyDeficiency:
Appears in 1 contract
