Common use of Reduction of Borrowing Base Deficiency Clause in Contracts

Reduction of Borrowing Base Deficiency. Any Borrowing Base Deficiency may be reduced to zero by the Borrower taking one or more of the following actions, which after giving effect thereto, cause the aggregate Advances Outstanding to no longer exceed Availability at such time:

Appears in 5 contracts

Samples: Loan and Security Agreement (Cim Real Estate Finance Trust, Inc.), Security and Collateral Management Agreement (Phillip Street Middle Market Lending Fund LLC), Loan and Security Agreement (Cim Real Estate Finance Trust, Inc.)

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Reduction of Borrowing Base Deficiency. Any Borrowing Base Deficiency may be reduced to zero by the Borrower taking one or more of the following actionsactions which, which after giving effect thereto, cause the aggregate Advances Outstanding to no longer not exceed Availability at such time:

Appears in 4 contracts

Samples: Loan and Security Agreement (FS KKR Capital Corp), Loan and Security Agreement (KKR FS Income Trust), Loan and Security Agreement (FS KKR Capital Corp)

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Reduction of Borrowing Base Deficiency. Any Borrowing Base Deficiency may be reduced to zero by the Borrower taking one or more of the following actions, which which, after giving effect thereto, cause the aggregate Advances Outstanding to no longer exceed Availability at such time:

Appears in 1 contract

Samples: And Collateral Management Agreement (First Eagle Credit Opportunities Fund)

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