Common use of Change in Borrowing Base Clause in Contracts

Change in Borrowing Base. The Borrowing Base shall be determined ------------------------ monthly (or at such other interval as may be specified pursuant to (S)9.4(f)) by the Agent by reference to the Borrowing Base Report delivered to the Banks and the Agent pursuant to (S)9.4(f). The Agent shall give to the Borrower written notice of any change in the Borrowing Base determined by the Agent. In the case of a reduction in the lending formula with respect to Eligible Accounts Receivable, such notice shall be effective five (5) Business Days after its receipt by the Borrower, and in the case of any change in the general criteria for Eligible Accounts Receivable, such notice shall be effective upon its receipt by the Borrower. Prior to the time that such notice becomes effective the Borrowing Base shall be computed as it would have been computed in the absence of such notice.

Change in Borrowing Base. The Borrowing Base shall be determined ------------------------ monthly (or at such other interval as may be specified pursuant to (S)9.4(fss.9.4(f)) by the Agent by reference to the Borrowing Base Report delivered to the Banks and the Agent pursuant to (S)9.4(fss.9.4(f). The Agent shall give to the Borrower written notice of any change in the Borrowing Base determined by the Agent. In the case of a reduction in the lending formula with respect to Eligible Accounts Receivable, such notice shall be effective five (5) 5 Business Days after its receipt by the Borrower, and in the case of any change in the general criteria for Eligible Accounts Receivable, such notice shall be effective upon its receipt by the Borrower. Prior to the time that such notice becomes effective the Borrowing Base shall be computed as it would have been computed in the absence of such notice.

Change in Borrowing Base. The Borrowing Base shall be determined ------------------------ monthly (or at such other interval as may be specified pursuant to (S)9.4(f)) by the Agent by reference to the Borrowing Base Report delivered to the Banks and the Agent pursuant to (S)9.4(f). The Agent shall give to the Borrower written notice of any change in the Borrowing Base determined by the Agent. In the case of a reduction in the lending formula with respect to Eligible Accounts Receivable, such notice shall be effective five (5) 5 Business Days after its receipt by the Borrower, and in the case of any change in the general criteria for Eligible Accounts Receivable, such notice shall be effective upon its receipt by the Borrower. Prior to the time that such notice becomes effective the Borrowing Base shall be computed as it would have been computed in the absence of such notice.

Change in Borrowing Base. The Borrowing Base shall be determined ------------------------ monthly (or at such other interval as may be specified pursuant to (S)9.4(fss.9.4(e)) by the Agent by reference to the Borrowing Base Report delivered to the Banks and the Agent pursuant to (S)9.4(f)ss.9.4(e) and other information obtained by or provided to the Agent. The Agent shall give to the Borrower written notice of any change in the Borrowing Base determined by the Agent. In the case of a reduction in the lending formula with respect to Eligible Accounts Receivable, such notice shall be effective five thirty (530) Business Days days after its receipt by the Borrower, and in the case of any change in the general criteria for Eligible Accounts Receivable, such notice shall be effective upon its receipt by the Borrower. Prior to the time that such notice becomes effective the Borrowing Base shall be computed as it would have been computed in the absence of such notice.

Change in Borrowing Base. The Borrowing Base shall be determined ------------------------ monthly (or at such other interval as may be specified pursuant to (S)9.4(f§8.4(e)) by the Agent by reference to the Borrowing Base Report delivered Report, commercial finance and collateral audit reports, and other information obtained by or provided to the Banks and the Agent pursuant to (S)9.4(f)Administrative Agent. The Administrative Agent shall give to the Borrower Borrowers written notice of any change in the Borrowing Base determined by the Administrative Agent. In the case of a reduction in the lending formula with respect to Eligible Accounts ReceivableReceivable or Eligible Inventory, such notice shall be effective five (5) Business Days days after its receipt by the BorrowerBorrowers, and in the case of any change in the general criteria for Eligible Accounts ReceivableReceivable or Eligible Inventory, such notice shall be effective upon its receipt by the BorrowerBorrowers. Prior to the time that such notice becomes effective the Borrowing Base shall be computed as it would have been computed in the absence of such notice.

Change in Borrowing Base. The Borrowing Base shall be determined ------------------------ monthly quarterly (or at such other interval as may be specified pursuant to (S)9.4(fss.10.4(e)) by the Agent by reference to the Borrowing Base Report delivered Report, commercial finance and collateral audit reports, and other information obtained by or provided to the Banks and the Agent pursuant to (S)9.4(f)Agent. The Agent shall give to the Borrower Company written notice of any change in the Borrowing Base determined by the Agent. In the case of a reduction in the lending formula with respect to Eligible Accounts ReceivableReceivable or Eligible Inventory, such notice shall be effective five (5) Business Days days after its receipt by the BorrowerCompany, and in the case of any change in the general criteria for Eligible Accounts ReceivableReceivable or Eligible Inventory, such notice shall be effective upon its receipt by the BorrowerCompany. Prior to the time that such notice becomes effective the Borrowing Base shall be computed as it would have been computed in the absence of such notice.