Maintenance of Borrowing Base. After giving effect to the Extensions of Credit requested to be made on any date, the Aggregate Credit Exposure of the Lenders shall not exceed the Borrowing Base then in effect.
Maintenance of Borrowing Base. Subject to Borrower’s right to cure set forth in Section 2.8.3, maintain the value of the Borrowing Base at all times such that no Borrowing Base Deficiency occurs.
Maintenance of Borrowing Base. Maintain the value of the Borrowing Base at all times such that no Borrowing Base Deficiency occurs.
Maintenance of Borrowing Base. Notwithstanding subsection 2.7(b), after giving effect to the Revolving Credit Loans requested to be made on any date, the aggregate amount of the Revolving Credit Loans then outstanding shall not exceed the Borrowing Base then in effect.
Maintenance of Borrowing Base. The Borrower shall, and shall cause each of its Restricted Subsidiaries to, at all times maintain the Borrowing Base at an amount equal to or greater than the aggregate principal amount of all outstanding Revolving Credit Advances, Swing Line Advances and Reimbursement Obligations. Without waiving or otherwise modifying the foregoing requirements of this Section 5.16, if any Note Receivable is included in the Borrowing Base as an Eligible Note Receivable and such Note Receivable thereafter fails to meet the criteria for inclusion as an Eligible Note Receivable, the Borrower shall have the right to obtain a release of the nonqualifying Note Receivable from the Liens hereunder in favor of the Administrative Lender and the Lenders if immediately prior to, and after giving effect to, such proposed release, (i) the Borrower is in compliance with the requirements of this Section 5.16, and (ii) no Default or Event of Default exists hereunder or under any of the other Loan Documents. Without waiving or otherwise modifying the foregoing requirements of this Section 5.16, if any Note Receivable is included as Collateral hereunder and such Note Receivable is thereafter included in a Securitization, the Borrower shall have the right to obtain a release of such Note Receivable from the Liens hereunder in favor of the Administrative Lender and the Lenders if immediately prior to, and after giving effect to, such proposed release, (i) the Borrower is in compliance with the requirements of this Section 5.16, and (ii) no Default or Event of Default exists hereunder or under any of the other Loan Documents. Without waiving or otherwise modifying the foregoing requirements of this Section 5.16, if a Note Receivable is not past-due or otherwise in default and such Note Receivable ceases to qualify as an Eligible Note Receivable solely by virtue of (i) the reduction of the amount of any scheduled payment(s) with respect thereto or (ii) the extension of the maturity date thereof, a Note Receivable received by the Borrower or a Restricted Subsidiary in substitution or replacement therefor shall not fail to qualify as an Eligible Note Receivable solely by virtue of the fact that the Purchaser in respect of such substitution or replacement Note Receivable has not made at least the first regularly scheduled payment due thereon.
Maintenance of Borrowing Base. Notwithstanding Section 2.05(ii), after giving effect to the Revolving Credit Loans requested to be made on any date, the aggregate principal amount of the Revolving Credit Loans then outstanding shall not exceed the lesser of (i) $3,000,000.00 or (ii) one- third (1/3) of the Borrowing Base Amount then in effect.
Maintenance of Borrowing Base. The Borrower shall, and shall ----------------------------- cause each of its Restricted Subsidiaries to, at all times maintain the Borrowing Base at an amount equal to or greater than the aggregate principal amount of all outstanding Revolving Credit Advances, Swing
Maintenance of Borrowing Base. Notwithstanding Section 2.2, after giving effect to the Advances under the Note requested by Borrowers to be made on any date, the aggregate principal amount of the Note then outstanding shall not exceed the lesser of: (i) $5,000,000.00; (ii) the Borrowing Base then in effect; or (iii) the Lender's legal limit then in effect plus any amounts of the Note sold by the Lender to participating banks or other financial institutions.
Maintenance of Borrowing Base. If for any reason Lender determines that a Borrowing Base Shortfall exists, then within 15 days thereafter Borrower will either (i) make to Lender a principal payment in an amount equal to the Borrowing Base Shortfall or (ii) assign to Lender one or more Eligible Instruments having an aggregate Borrowing Base not less than the Borrowing Base Shortfall. Simultaneously with the delivery of the Eligible Instrument or Instruments to cure a Borrowing Base Shortfall, Borrower will deliver to Lender all of the items (except for a "Request for Advance and Certification") required to be delivered by Borrower to Lender pursuant to Section 4.3, together with a "Borrower's Certificate" substantially in the form and substance of Exhibit D.
Maintenance of Borrowing Base. If for any reason Lender determines that a Borrowing Base Shortfall exists (such determination to be based upon the monthly servicing report prepared by Servicing Agent, subject to Lender’s rights to request additional information of the Servicing Agent and revisions of manifest or other errors in such servicing reports), then in accordance with Section 2.6(e) Borrower shall make to Lender a principal payment in an amount equal to the Borrowing Base Shortfall.
