Common use of Compliance with Commitments Clause in Contracts

Compliance with Commitments. Immediately after giving effect to the making of any such Loan (and the application of the proceeds thereof), the aggregate sum of all outstanding Loans shall not exceed the Committed Amount.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Royal Gold Inc), Revolving Credit Agreement (Royal Gold Inc), Revolving Credit Agreement (Royal Gold Inc)

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Compliance with Commitments. Immediately after giving effect to the making of any such Loan (and the application of the proceeds thereof), (i) the sum of the aggregate sum principal amount of all outstanding Loans shall not exceed the Committed AmountAmount then in effect, and (ii) the sum of the aggregate principal amount of outstanding Loans shall not exceed the Borrowing Base as of such date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Prospect Energy Corp)

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