Borrowing Base Limitation. At any time at which the Borrower does not have an Investment Grade Rating from at least two of the Rating Agencies, permit the aggregate outstanding amount of the sum of all Borrowing Base Debt to exceed the Borrowing Base at such time (the “Borrowing Base Limitation”).
Appears in 3 contracts
Samples: Credit Agreement (Lennar Corp /New/), Credit Agreement (Lennar Corp /New/), Credit Agreement (Lennar Corp /New/)
Borrowing Base Limitation. At any time at which the Borrower does not have an Investment Grade Rating from at least two of the Rating Agencies, Borrower shall not permit the aggregate outstanding amount of the sum of all Borrowing Base Debt to exceed the Borrowing Base at such time (the “Borrowing Base Limitation”)time.
Appears in 1 contract
Borrowing Base Limitation. At any time at which the Borrower does not have an Investment Grade Rating from at least two of the Rating AgenciesRating, permit the aggregate outstanding principal amount of the sum of all Borrowing Base Debt to exceed the Borrowing Base at such time (the “Borrowing Base Limitation”).
Appears in 1 contract
Samples: Credit Agreement (NVR Inc)
Borrowing Base Limitation. At any time at which the Borrower does not have an Investment Grade Rating from at least two of the Rating AgenciesRating, permit the aggregate outstanding principal amount of the sum of all Borrowing Base Debt to exceed the Borrowing Base at such time (the “"Borrowing Base Limitation”").
Appears in 1 contract
Samples: Credit Agreement (NVR Inc)
