Advances in Excess of Borrowing Base. The Lender does not have any obligation to make any loan or advance, or otherwise to provide any credit for the benefit of the Borrower such that the balance of the Loan Account exceeds the Borrowing Base. The making of loans, advances, and credits and the providing of financial accommodations in excess of the Borrowing Base is for the benefit of the Borrower and does not affect the obligations of the Borrower hereunder; such loans, advances, credits, and financial accommodations constitute Liabilities. The making of any such loans, advances, and credits and the providing of financial accommodations, on any one occasion such that the Borrowing Base is exceeded shall not obligate the Lender to make any such loans, credits, or advances or to provide any financial accommodation on any other occasion nor to permit such loans, credits, or advances to remain outstanding.
Advances in Excess of Borrowing Base. (OverLoans).
Advances in Excess of Borrowing Base. (OVERADVANCES).
Advances in Excess of Borrowing Base. (OVERLOANS).
Advances in Excess of Borrowing Base. No Lender has any obligation to make any loan or advance, or otherwise to provide any credit for the benefit of the Borrower such that the aggregate of the balance of the Loan Account plus the then Stated Amount of all L/C's exceeds the Borrowing Base. The making of loans, advances, and credits and the providing of financial accommodations in excess of the Borrowing Base is for the benefit of the Borrower and does not affect the obligations of the Borrower hereunder; such loans, advances, credits, and financial accommodations constitute Liabilities. The making of any such loans, advances, and credits and the providing of financial accommodations, on any one occasion such that the Borrowing Base is exceeded shall not obligate any Lender to make any such loans, credits, or advances or to provide any financial accommodation on any other occasion or to permit such loans, credits, or advances to remain outstanding.
Advances in Excess of Borrowing Base. (OverLoans) The Lender has no obligation to the Borrower to make any loan or advance, or otherwise to provide any credit to or for the benefit of the Borrower where the result of such loan, advance, or credit is an OverLoan.
Advances in Excess of Borrowing Base. (OverLoans). (a) No Revolving Credit Lender has any obligation to make any Revolving Credit Loan, or otherwise to provide any credit to or for the benefit of the Borrowers where the result of such Revolving Credit Loan or credit is an OverLoan; provided that the Administrative Agent is permitted (but not obligated) to make Permissible OverLoans and to be reimbursed therefor by the Revolving Credit Lenders pursuant to Section 12.3.
Advances in Excess of Borrowing Base. (a) No Lender has any obligation to make any loan or advance, or otherwise to provide any credit for the benefit of the Borrowers to the extent that the balance of the Loan Account would as a result thereof exceed the Borrowing Base. (b) The Lenders' obligations among themselves are subject to Section 13.3(a) (which relates to each Lender's making amounts available to the Agent) and to Sections 16.1(d) and 16.3(a) (which relate to Permissible Overloans), (c) The Lenders' providing of credit in excess of their obligations under this Agreement on any one occasion does not affect the Liabilities of the Borrowers hereunder nor shall it obligate the Lenders to do so on any other occasion.
Advances in Excess of Borrowing Base. (a) No Tranche A Lender has any obligation to make any loan or advance, or otherwise to provide any credit for the benefit of the Borrowers to the extent that the balance of the Loan Account (excluding the outstanding amount of the Tranche B Loan) plus the then stated amount of all L/Cs would as a result thereof exceed the Borrowing Base.
Advances in Excess of Borrowing Base. No Lender has any obligation to make any loan or advance, or otherwise to provide any credit for the benefit of the US Borrowers such that the balance of the Loan Account (exclusive of the CAN Debt) exceeds the Borrowing Base or to the CAN Borrower such that the CAN Debt exceeds the CAN Borrowing Base. The making of loans, advances, and credits and the providing of financial accommodations in excess of the Borrowing Base or the CAN Borrowing Base, as applicable, is for the benefit of the Borrowers and does not affect the obligations of the Borrowers hereunder; such loans, advances, credits, and financial accommodations constitute Liabilities. The making of any such loans, advances, and credits and the providing of financial accommodations, on any one occasion such that the Borrowing Base or the CAN Borrowing Base, as applicable, is exceeded, shall not obligate any Lender to make any such loans, credits, or advances or to provide any financial accommodation on any other occasion or permit such loans, credits, or advances to remain outstanding.
