Cure of Borrowing Base Deficiency. With respect to any Borrowing Base Deficiency resulting solely from the reduction of the Maximum Advance Rate following the occurrence of a Tier 1 Collateral Performance Trigger, the Borrower may, within thirty (30) days of the date on which the Maximum Advance Rate was reduced, pledge additional Eligible Receivables to the Collateral Agent and/or prepay the Loans in an aggregate amount up to the amount necessary to cure such Borrowing Base Deficiency. In connection with any prepayment of the Loans made in order to cure a Borrowing Base Deficiency, the Company may make a corresponding capital contribution to the Borrower by depositing an amount equal to such Borrowing Base Deficiency into the Disbursement Account for distribution in accordance with Section 2.10 hereof.
Cure of Borrowing Base Deficiency. With respect to any Borrowing Base Deficiency resulting solely from the reduction of the Maximum Advance Rate following the occurrence of a Tier 1 Collateral Performance Trigger or Tier 2 Collateral Performance Trigger, the Borrower may, within thirty (30) days of the date on which the Maximum Advance Rate was reduced, pledge additional Eligible Receivables to the Collateral Agent and/or prepay the Loans in an aggregate amount up to the amount necessary to cure such Borrowing Base Deficiency; provided, for the avoidance of doubt, within any such thirty (30) day period provided for in the foregoing, the related Borrowing Base Deficiency shall exist for all purposes of this Agreement until such Borrowing Base Deficiency is cured. In connection with any prepayment of the Loans made in order to cure a Borrowing Base Deficiency, the Company may make a corresponding capital contribution to the Borrower by depositing an amount equal to such Borrowing Base Deficiency into the Disbursement Account for distribution in accordance with Section 2.10 hereof.
Cure of Borrowing Base Deficiency. With respect to any Borrowing Base Deficiency resulting solely from the reduction of the Advance Rate, the Borrower shall, within thirty (30) days of the date on which the Advance Rate was reduced, pledge additional Eligible Receivables to the Collateral Agent and/or prepay the Loans in an aggregate amount up to the amount necessary to cure such Borrowing Base Deficiency. With respect to any Borrowing Base Deficiency not resulting solely from the reduction of the Advance Rate, the Borrower shall, within two (2) Business Days, pledge additional Eligible Receivables to the Collateral Agent and/or prepay the Loans in an aggregate amount up to the amount necessary to cure such Borrowing Base Deficiency. In connection with any prepayment of the Loans made in order to cure a Borrowing Base Deficiency, the Company may make a corresponding capital contribution to the Borrower by depositing an amount equal to such Borrowing Base Deficiency into the Disbursement Account (or, if then required by the Collateral Agent, to the Collection Account) for distribution in accordance with Section 2.10 hereof.
Cure of Borrowing Base Deficiency. Borrower shall, within three Business Days of the occurrence of any Borrowing Base Deficiency, (a) prepay, or make arrangements acceptable to Majority Lenders for the prepayment of, the Loan Balance in the amount of such Borrowing Base Deficiency, (b) add to the Collateral to secure the Obligations additional Property of a Related Person acceptable to Majority Lenders in their sole discretion as to character and amount, (c) secure all Letters of Credit (to the extent of the Borrowing Base Deficiency) with L/C
Cure of Borrowing Base Deficiency. With respect to any Borrowing Base Deficiency resulting solely from thea reduction of the applicable Advance Rate, the applicable Borrower shall, within thirty (30) days of the date on which thesuch Advance Rate was reduced, pledge additional Eligible Receivables to the Collateral Agent and/or prepay the Loans in an aggregate amount up to the amount necessary to cure such Borrowing Base Deficiency. With respect to any Borrowing Base Deficiency not resulting solely from thea reduction of the applicable Advance Rate, the applicable Borrower shall, within two (2) Business Days, pledge additional Eligible Receivables to the Collateral Agent and/or prepay the Loans in an aggregate amount up to the amount necessary to cure such Borrowing Base Deficiency. In connection with any prepayment of the Loans made in order to cure a Borrowing Base Deficiency, the Company may make a corresponding capital contribution to the applicable Borrower by depositing an amount equal to such Borrowing Base Deficiency into thesuch Borrower’s Disbursement Account (or, if then required by the Collateral Agent, to thesuch Borrower’s Collection Account) for distribution in accordance with Section 2.10 hereof.
Cure of Borrowing Base Deficiency. With respect to any Borrowing Base Deficiency resulting solely from the reduction of the Advance Rate following the occurrence of a Tier 1 Collateral Performance Trigger, the Borrower may, within thirty (30) days of the date on which the Advance Rate was reduced, pledge additional Eligible Receivables to the Collateral Agent and/or prepay the Loans in an aggregate amount up to the amount necessary to cure such Borrowing Base Deficiency.
Cure of Borrowing Base Deficiency. (a) With respect to any Borrowing Base Deficiency attributable solely to the reduction of the Advance Rate as a result of the occurrence of a Tier 1 Collateral Performance Trigger, the Borrower may, within thirty (30) days of the date on which the Advance Rate was reduced, pledge additional Eligible Receivables to the Collateral Agent or prepay the Loans in an aggregate amount up to the amount necessary to cure such Borrowing Base Deficiency (and, pending the expiration of such thirty (30) day period, the existence of such Borrowing Base Deficiency shall not constitute a Default or Event of Default; provided, however, that, so long as such Borrowing Base Deficiency exists, the obligation of the Lenders to make further advances under the Loans is automatically suspended).
