Compliance with Borrowing Base. Notwithstanding anything to the contrary set forth herein, it shall be a condition precedent to each Borrowing, or issuance or renewal of a Letter of Credit, that after giving effect thereto (and the use of the proceeds thereof) the Aggregate Exposure would not exceed the Borrowing Base at such time.
Appears in 3 contracts
Samples: Restructuring Support Agreement (Accuride Corp), Convertible Notes Commitment Agreement (Accuride Corp), Restructuring Support Agreement (Accuride Corp)
Compliance with Borrowing Base. Notwithstanding anything to the contrary set forth herein, it shall be a condition precedent to each Revolving Borrowing, or issuance or renewal of a Letter of Credit, that after giving effect thereto (and the use of the proceeds thereof) the Aggregate Exposure would not exceed the Borrowing Base at such time.
Appears in 1 contract
Samples: Abl Credit Agreement (Accuride Corp)
Compliance with Borrowing Base. Notwithstanding anything to the contrary set forth herein, it shall be a condition precedent to each Revolving Credit Borrowing, or issuance or renewal of a Letter of Credit, that after giving effect thereto (and the use of the proceeds thereof) the Aggregate Exposure would not exceed the Borrowing Base at such time.
Appears in 1 contract
Samples: Senior Secured Debtor in Possession Credit Agreement (Accuride Corp)
