Common use of Collateral Borrowing Base Clause in Contracts

Collateral Borrowing Base. Borrower will not knowingly request, nor will it knowingly accept, the proceeds of any Revolver Loan or advance under the Revolver Note at any time when the amount thereof, together with the sum of the outstanding and unpaid principal amount of the Revolver Note plus the Letter of Credit Exposure exceeds the lesser of (i) Collateral Borrowing Base or (ii) the then applicable Revolver Commitment Amount.

Collateral Borrowing Base. Borrower will not knowingly request, nor will it knowingly accept, the proceeds of any Revolver Loan or advance under the Revolver Note at any time when the amount thereof, together with the sum of the outstanding and unpaid principal amount of the Revolver Note plus the Letter of Credit Exposure exceeds the lesser of (i) Collateral Borrowing Base or (ii) the then applicable Revolver Commitment Amount.

Collateral Borrowing Base. Borrower Borrowers will not knowingly request, nor will it knowingly they accept, the proceeds of any Revolver Loan or advance under the Revolver Note Notes at any time when the amount thereof, together with the sum of the outstanding and unpaid principal amount of the Revolver Note Notes plus the Letter of Credit Exposure exceeds the lesser of (i) Collateral Borrowing Base or (iiBase, including as reduced in accordance with the provisions of Section 2.3(d) the then applicable Revolver Commitment Amount.of this Agreement. As used in this

Collateral Borrowing Base. Borrower will not knowingly request, nor will it knowingly accept, the proceeds of any Revolver Loan or advance under the Revolver Note at any time when the amount thereof, together with the sum of the outstanding and unpaid principal amount of the Revolver Note plus the Letter of Credit Exposure exceeds the lesser of (i) Collateral Borrowing Base. As used in this Agreement, the term "Collateral Borrowing Base" shall mean the Collateral Borrowing Base or (ii) as determined in accordance with the then applicable Revolver Commitment Amountprovisions of Article IV of this Agreement.

Collateral Borrowing Base. Borrower Borrowers will not knowingly request, nor will it knowingly they accept, the proceeds of any Revolver Loan or advance under the Revolver Note at any time when the amount thereof, together with the sum of the outstanding and unpaid principal amount of the Revolver Note plus the Letter of Credit Exposure exceeds the lesser of (i) Collateral Borrowing Base. As used in this Agreement, the term “Collateral Borrowing Base” shall mean the Collateral Borrowing Base or (ii) as determined in accordance with the then applicable Revolver Commitment Amountprovisions of Article IV of this Agreement.

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

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