Common use of Availability Limitations Clause in Contracts

Availability Limitations. Notwithstanding anything in this Agreement, in no event shall: (i) the last day of a LIBOR Period in respect of a LIBOR Loan; or (ii) the maturity date of a BA Issue, be later than, or extend beyond, the applicable Maturity Date, and no Lender shall have any obligation to make an Advance by way of a LIBOR Loan or a BA Issue, if this Section 2.1(i) would not be complied with.

Appears in 2 contracts

Sources: Credit Agreement (Bellatrix Exploration Ltd.), Credit Agreement (Bellatrix Exploration Ltd.)