Borrowing Base Requirement. Subject to Section 2.10, each Account Party shall at all times cause its respective Borrowing Base to equal or exceed the Letter of Credit Outstandings attributable to such Account Party at such time.
Appears in 4 contracts
Samples: Amendment No. 1 (Validus Holdings LTD), Five Year Secured Letter of Credit Facility Agreement (Validus Holdings LTD), Secured Letter of Credit Facility Agreement (Validus Holdings LTD)
