Combined Loan to Value. If, at any time, the Borrowing Base Availability is less than zero, the Borrower shall immediately prepay the Loans in an amount equal to the extent to which the Borrowing Base Availability is less than zero. By way of example, if the Borrowing Base Availability is -$100,000, then the Borrower shall immediately prepay the Loans in an amount equal to $100,000.
Appears in 5 contracts
Samples: Credit Agreement (Tortoise North American Energy Corp), Credit Agreement (Tortoise Gas & Oil Corp), Credit Agreement (Tortoise Energy Infrastructure Corp)
