Maintenance of Borrowing Base Percentage. Subject to Section 4.02 of the Credit Agreement, each Grantor will take all such actions as shall be necessary to cause the Borrowing Base of such Grantor at all times to be at least 100% of the Secured Obligations of such Grantor.
Appears in 3 contracts
Samples: Pledge and Security Agreement (Endurance Specialty Holdings LTD), Pledge and Security Agreement (Endurance Specialty Holdings LTD), Pledge and Security Agreement (Endurance Specialty Holdings LTD)
Maintenance of Borrowing Base Percentage. Subject to Section 4.02 3.02 of the Credit Agreement, each Grantor will take all such actions as shall be necessary to cause the Borrowing Base of such Grantor at all times to be at least 100% of the Secured Obligations of such Grantor.
Appears in 1 contract
Samples: Pledge and Security Agreement (Endurance Specialty Holdings LTD)
