Provisions Relating to the Borrowing Base. (a) The Administrative Agent or the Required Lenders may from time to time by written notice to the Borrowers (i) delete any Person or Affiliated Group from the schedule of Acceptable Obligors or (ii) decrease the Allowable Amount for any Acceptable Obligor, in each case, as the Administrative Agent or the Required Lenders, as the case may be, acting in good faith may deem appropriate as a result of a change in the circumstances of such Person or Affiliated Group. Any such notice shall be prospective only, i.e., to the extent that giving effect to such notice would otherwise result in a mandatory prepayment by the Borrowers under Section 2.12(d), such notice shall not be given effect for purposes of such mandatory prepayment, but shall nevertheless be effective for all other purposes under this Credit Agreement immediately upon the Borrowers' receipt of such notice.
Provisions Relating to the Borrowing Base. (a) The Administrative Agent or Required Lenders may from time to time by written notice to the Borrower (i) remove any Acceptable Obligor or Affiliated Group from Schedule 2.16, or (ii) decrease the Allowable Amount for any Acceptable Obligor or Affiliated Group or (iii) reclassify any Acceptable Obligor or Affiliated Group into a different category of Acceptable Obligor with the effect of reducing the advance rates in the Borrowing Base with respect to Eligible Receivables from such Acceptable Obligor, in each case as the Administrative Agent or the Required Lenders, as the case may be, acting in good faith may deem appropriate as a result of an adverse change in the circumstances of such Acceptable Obligor or Affiliated Group; provided, however, that any such removal, decrease or reclassification shall be effective on a prospective basis only and shall not be effective (x) with respect to any Acceptable Obligor or Affiliated Group if, prior to the Borrower’s receipt of such notice, any of the Credit Parties has executed a deal memo or other written agreement with such Acceptable Obligor or Affiliated Group with respect to amounts to be paid to such Person solely in connection with an Item of Product and such execution occurs not more than thirty (30) days prior to the initial extension of credit hereunder in respect of such Item of Product, and (y) to the extent that giving effect to such notice would otherwise result in a mandatory prepayment by the Borrower under Section 2.9(e) ((but, subject to the provisos in Section 2.16(d) and (e) below regarding changes to Allowable Amounts and reclassified Acceptable Obligors or Affiliated Groups and extensions of credit for Borrower Items of Product in respect to which an initial funding has occurred, such notice shall nevertheless be effective for all other purposes under this Credit Agreement). The Administrative Agent or the Required Lenders (as applicable) agree to consult with the Borrower regarding any removal, decrease or reclassification contemplated hereby to the extent practicable and permitted by Applicable Law, provided, that the failure to do so shall not render ineffective any such removal, decrease or reclassification, and any such removal, decrease or reclassification shall be effective notwithstanding any such consultation.
Provisions Relating to the Borrowing Base. (a) The Administrative Agent or the Required Lenders may from time to time by written notice to the Borrower (i) delete any Person or Affiliated Group from the schedule of Acceptable Obligors or (ii) decrease the Allowable Amount for any Acceptable Obligor, in each case, as the Administrative Agent or the Required Lenders, as the case may be, acting in good faith may deem appropriate as a result of a change in the circumstances of such Person or Affiliated Group. Any such notice shall be prospective only, i.e., to the extent that giving effect to such notice would otherwise result in a mandatory prepayment by the Borrower under Section 2.10(e), such notice shall not be given effect for purposes of such mandatory prepayment, but shall nevertheless be effective for all other purposes under this Credit Agreement immediately upon the Borrower’s receipt of such notice. In the event any such action is taken pursuant to this clause (a), the Administrative Agent, to the extent practicable, will provide the Borrower with the reasons for such action.
Provisions Relating to the Borrowing Base. (a) Lender may from time to time, by advance notice to the Borrower Representative (i) determine in its sole discretion that any Person will not be an Approved Account Debtor and delete any such Person from any schedule of Approved Account Debtors or determine in its sole discretion that any amounts due under any Distribution Agreement shall no longer constitute an Eligible Account or (ii) Lender may by written notice to the Borrower Representative, add a Person to any list of Approved Account Debtors as it may in its sole discretion deem appropriate.
Provisions Relating to the Borrowing Base. (a) The Administrative Agent may (and at the direction of the Required Lenders shall) from time to time by written notice to the Borrowers (which notice shall be prospective only, i.e., to the extent that giving effect to such notice would otherwise result in a mandatory prepayment by the Borrowers under Section 2.9, such notice shall not be given effect for purposes of such mandatory prepayment but shall nevertheless be effective for all other purposes under this Credit Agreement immediately upon the Borrowers' receipt of such notice) (i) delete any Person from the schedule of Acceptable Obligors or determine that any amounts due under any Distribution Agreement are unacceptable and shall no longer constitute an Eligible Receivable, as the Administrative Agent or the Required Lenders, acting in good faith, may in its or their discretion deem appropriate, or (ii) the Required Lenders may add, by written notice to the Borrowers, a Person to the list of Acceptable Obligors as they may in their discretion deem appropriate.
Provisions Relating to the Borrowing Base. (a) The Agent may from time to time by written notice to Borrower Representative (i) remove any Acceptable Obligor or Affiliated Group from Schedule 2.11, or (ii) decrease the Allowable Amount for any Acceptable Obligor or Affiliated Group, in each case, as the Agent acting in good faith may deem appropriate as a result of an adverse change in the circumstances of such Acceptable Obligor or Affiliated Group; provided, however, that any such removal or decrease shall be effective on a prospective basis only (as more fully set forth in Sections 2.11(c) and (d) below).
Provisions Relating to the Borrowing Base. (a) The ----------------------------------------- Administrative Agent may or the Required Lenders may from time to time by written notice to the Borrower (which notice shall be prospective only, i.e., to the extent that giving effect to such notice would otherwise result in a mandatory prepayment by the Borrower under Section 2.10, such notice shall not be given effect for purposes of such mandatory prepayment, but shall nevertheless be effective for all other purposes under this Credit Agreement immediately upon the Borrower's receipt of such notice) (i) delete any Person from the schedule of Acceptable Obligors, determine that any amounts due under any Distribution Agreement are unacceptable and shall no longer constitute an Eligible Receivable or decrease the Allowable Amount for any Acceptable Obligor, as the Administrative Agent or the Required Lenders, as the case may be, acting in good faith, may in its or their discretion deem appropriate, or (ii) the Required Lenders may, by written notice to the Borrower, add a Person to the list of Acceptable Obligors or increase the Allowable Amount for any Acceptable Obligor, as they may in their discretion deem appropriate.
Provisions Relating to the Borrowing Base. The Administrative Agent or the Required Lenders may from time to time by written notice to the Borrower declare that any receivable does not constitute an Eligible Receivable, as the Administrative Agent or the Required Lenders, as the case may be, acting in good faith may deem appropriate. In the event any such action is taken pursuant to this Section 2.15, the Administrative Agent, to the extent practicable, will provide the Borrower with the reasons for such action.
