Exchange Rate Fluctuations. If as a result of currency fluctuation the Cdn. Dollar Exchange Equivalent of the Principal Indebtedness exceeds the then applicable Borrowing Base (the "Excess"), the Borrower shall forthwith pay the Excess to CIBC as a repayment of principal.
Appears in 2 contracts
Samples: Financing Commitment (Evergreen Resources Inc), Financing Commitment (Carbon Energy Corp)
Exchange Rate Fluctuations. If as a result of currency fluctuation the Cdn. Dollar Exchange Equivalent of the Principal Indebtedness exceeds the then applicable Borrowing Base (the "βExcess"β), the Borrower shall forthwith pay the Excess to CIBC as a repayment of principal.
Appears in 1 contract
Exchange Rate Fluctuations. If as a result of currency fluctuation the Cdn. Dollar Exchange Equivalent of the Principal Indebtedness exceeds the then applicable Borrowing Base (the "Excess"), the Borrower shall forthwith pay the Excess to CIBC as a repayment of principal.. ARTICLE
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