Common use of Mandatory Prepayments; Borrowing Base Clause in Contracts

Mandatory Prepayments; Borrowing Base. If, at any time, (A) the Revolver Usage on such date exceeds (B) the lesser of (x) the Borrowing Base reflected in the Borrowing Base Certificate most recently delivered by Borrowers to Agent, or (y) the Maximum Revolver Amount, in all cases as adjusted for Reserves established by Agent in accordance with Section 2.1(c), then Borrowers shall immediately prepay the Obligations in accordance with Section 2.4(f) in an aggregate amount equal to the amount of such excess.

Mandatory Prepayments; Borrowing Base. If, at any time, (Ai) the Revolver Usage on such date exceeds (Bii) the lesser of (xA) the Borrowing Base reflected in the Borrowing Base Certificate most recently delivered by Borrowers to Agent, or (yB) the Maximum Revolver Amount, in all cases as adjusted for Reserves established by Agent in accordance with Section 2.1(c), then Borrowers shall immediately promptly (and in any event within one Business Day) prepay the Obligations in accordance with Section 2.4(f) in an aggregate amount equal to the amount of such excess.

Mandatory Prepayments; Borrowing Base. If, at any time, (Ai) the Revolver Usage on such date exceeds (Bii) the lesser of (xA) the Borrowing Base reflected in the Borrowing Base Certificate most recently delivered by Borrowers to Agent, or (yB) the Maximum Revolver Amount, in all cases as adjusted for Reserves established by Agent in accordance with Section 2.1(c), then Borrowers shall immediately prepay the Obligations in accordance with Section 2.4(f) in an aggregate amount equal to the amount of such excess.