Total Facility Outstandings and Borrowing Base Sample Clauses

Total Facility Outstandings and Borrowing Base. If for any reason the Total Facility Outstandings at any time exceed the then-applicable Borrowing Base, the Borrower shall, within one (1) Business Day, prepay the Term Loan, the Revolving Loans and/or the Swing Line Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(i) unless after the prepayment in full of the Revolving Loans the Total Revolving Outstandings exceed the Letter of Credit Sublimit.