Reduction of Loan Commitments. On the date of each reduction of the Aggregate Maximum Credit Amount pursuant to Section 2.06, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the Total Revolving Credit Exposure exceeds the lesser of (A) the Aggregate Maximum Credit Amount, as so reduced, and (B) the Borrowing Base.
Appears in 3 contracts
Samples: Credit Agreement (Constellation Energy Partners LLC), Credit Agreement (Constellation Energy Partners LLC), Credit Agreement (Constellation Energy Partners LLC)
Reduction of Loan Commitments. On the date of each reduction of the Aggregate Maximum Credit Amount or Elected Commitment Amount pursuant to Section 2.06, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the Total Revolving Credit Exposure exceeds the lesser of (A) the Aggregate Maximum Credit Amount, as so reduced, and (B) the Borrowing BaseBaseLoan Limit.
Appears in 2 contracts
Samples: Credit Agreement (Sanchez Production Partners LP), Credit Agreement
Reduction of Loan Commitments. On the date of each reduction of the Aggregate aggregate Maximum Credit Amount Amounts pursuant to Section 2.06, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the Total Revolving aggregate unpaid principal amount of all Advances plus the Letter of Credit Exposure exceeds the lesser of (A) the Aggregate aggregate Maximum Credit AmountAmounts, as so reduced, reduced and (B) the Borrowing Base.
Appears in 1 contract
Samples: Credit Agreement (Constellation Energy Partners LLC)
Reduction of Loan Commitments. On the date of each reduction of the Aggregate Maximum Credit Amount pursuant to Section 2.06, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the Total Revolving Credit Exposure exceeds the lesser of (A) the Aggregate Maximum Credit Amount, as so reduced, and (B) the Borrowing Base.
Appears in 1 contract
Reduction of Loan Commitments. On the date of each reduction of the Aggregate Maximum Revolving Credit Amount pursuant to Section 2.06, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances Revolving Loans to the extent, if any, that the Total Revolving Credit Exposure exceeds the lesser of (A) the Aggregate Maximum Revolving Credit Amount, as so reduced, and (B) the Borrowing Base.
Appears in 1 contract
Samples: Credit Agreement (Evolve Transition Infrastructure LP)
Reduction of Loan Commitments. On the date of each reduction of the Aggregate Maximum Credit Amount pursuant to Section 2.06, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances to the extent, if any, that the Total Revolving Credit Exposure exceeds the lesser of (A) the Aggregate Maximum Credit Amount, as so reduced, and (B) the Borrowing Base.and
Appears in 1 contract
Samples: Credit Agreement
Reduction of Loan Commitments. On the date of each reduction of the Aggregate Maximum Revolving Credit Amount pursuant to Section 2.06, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances Revolving Loans to the extent, if any, that the Total Revolving Credit Exposure exceeds the lesser of (A) the Aggregate Maximum Revolving Credit Amount, as so reduced, and (B) the Borrowing Base.. β
Appears in 1 contract
Samples: Credit Agreement (Evolve Transition Infrastructure LP)
Reduction of Loan Commitments. On the date of each reduction of the Aggregate Maximum Revolving Credit Amount or Elected Commitment Amount pursuant to Section 2.06, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances AdvancesRevolving Loans to the extent, if any, that the Total Revolving Credit Exposure exceeds the lesser of (A) the Aggregate Maximum Credit Amount, as so reduced, and (B) the Borrowing BaseRevolving Loan Limit.
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