Common use of Collateral Borrowing Base Clause in Contracts

Collateral Borrowing Base. Borrowers will not request, nor will they accept, the proceeds of any Revolver Loan or advance under the Revolver Notes at any time when the amount thereof, together with the sum of the outstanding and unpaid principal amount of the Revolver Notes plus the Letter of Credit Exposure exceeds the Collateral Borrowing Base. As used in this Agreement, the term "Collateral Borrowing Base" shall mean the Collateral Borrowing Base as determined in accordance with the provisions of Article IV of this Agreement.

Collateral Borrowing Base. Borrowers will not request, nor will they accept, the proceeds of any Revolver Loan or advance under the Revolver Notes Note at any time when the amount thereof, together with the sum of the outstanding and unpaid principal amount of the Revolver Notes Note plus the Letter of Credit Exposure exceeds the Collateral Borrowing Base. As used in this Agreement, the term "“Collateral Borrowing Base" ” shall mean the Collateral Borrowing Base as determined in accordance with the provisions of Article IV of this Agreement.

Collateral Borrowing Base. Borrowers will not request, nor will they it accept, the proceeds of any Revolver Loan or advance under the Revolver Notes Note at any time when the amount thereof, together with the sum of the outstanding and unpaid principal amount of the Revolver Notes Note plus the Letter of Credit Exposure exceeds the Collateral Borrowing Base. As used in this Agreement, the term "Collateral Borrowing Base" shall mean the Collateral Borrowing Base as determined in accordance with the provisions of Article IV of this Agreement.

Collateral Borrowing Base. Borrowers Borrower will not request, nor will they it accept, the proceeds of any Revolver Loan or advance under the Revolver Notes Note at any time when the amount thereof, together with the sum of the outstanding and unpaid principal amount of the Revolver Notes Note plus the Letter of Credit Exposure exceeds the Collateral Borrowing Base. As used in this Agreement, the term "Collateral Borrowing Base" shall mean the Collateral Borrowing Base as determined in accordance with the provisions of Article IV of this Agreement.