No Defaults or Borrowing Base Deficiency. As of the date of the ---------------------------------------- making of such Advance or conversion, (i) there exists no Event of Default or event which with notice or lapse of time or both would constitute an Event of Default and/or (ii) there exists no Borrowing Base Deficiency.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Cross Timbers Oil Co), Revolving Credit Agreement (Cross Timbers Oil Co)
No Defaults or Borrowing Base Deficiency. As of the date of the ---------------------------------------- making of such Advance or conversion, (i) there exists no Event of Default or event which with notice or lapse of time or both would constitute an Event of Default and/or (ii) there exists no Borrowing Base Deficiency.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Cross Timbers Oil Co), Revolving Credit Agreement (Cross Timbers Oil Co)
