Borrower Sublimits Sample Clauses
Borrower Sublimits. Notwithstanding anything to the contrary contained in this Section 2, in no event shall any Borrower be entitled to receive a Revolver Loan or the issuance of a Letter of Credit (and no Revolver Lender shall be required to make or support the same) if at the time of the proposed funding of such Revolver Loan or the issuance of such Letter of Credit (and after giving effect thereto and all pending requests for Revolver Loans and Letters of Credit by or on behalf of such Borrower), the sum of (a) of the outstanding amount of all Revolver Loans made to all Borrowers on such date and (b) the LC Obligations of all Borrowers on such date exceeds the lesser of the Borrowing Base or the Revolver Commitments.
Borrower Sublimits. Borrower shall only be entitled to receive Advances under the Revolving Credit Facility based upon Availability determined by Borrower’s Eligible Accounts and the value of the cash in the Pledged Account.
Borrower Sublimits. Upon execution and delivery of the First Amendment and Waiver, the Borrower Sublimit for NU will be reduced from $150,000,000 to zero, and all outstanding Advances to NU will be repaid. If, for any two consecutive fiscal quarters, each Borrower shall maintain an interest coverage ratio of at least 2.50:1.0, the NU Sublimit shall be reinstated to $50,000,000. The Borrower Sublimit for WMECO and CL&P will be $150,000,000 and $313,750,000 respectively, provided, however, such Borrower Sublimits shall be reduced from time to time as necessary such that at all times the Borrower Sublimit of CL&P or WMECO, as the case may be, does not exceed the aggregate principal amount of the Collateral FMBs (as defined below) of CL&P or WMECO, respectively, securing the Facility. Closing Date: May 30, 1997, or such other date as may be agreed upon by the Borrowers and the Agents.
Borrower Sublimits. Each Borrower will only be entitled ------------------ to receive Advances under the Revolving Credit Facility based upon Availability determined by such Borrower's Eligible Accounts and Eligible Inventory. Each Borrower will submit separate Borrowing Base Certificates on a stand-alone basis.
Borrower Sublimits. Notwithstanding anything to the contrary contained in this Section 2, in no event shall any Borrower be entitled to receive a Revolver Loan or the issuance of a Letter of Credit (and no Revolver Lender shall be required to make or support the same) if at the time of the proposed funding of such Revolver Loan or the issuance of such Letter of Credit (and after giving effect thereto and all pending requests for Revolver Loans and Letters of Credit by or on behalf of such Borrower), the sum of (a) the Dollar Equivalent of the outstanding amount of all Revolver Loans made to all Borrowers in such Borrower’s Borrower Group on such date and (b) the LC Obligations of all Borrowers in such Borrower’s Borrower Group on such date exceeds the lesser of such Borrowing Base of such Borrower Group or Borrower Group Commitment of such Borrower Group. If as a result of fluctuations in exchange rates or otherwise the Dollar Equivalent of the sum of all outstanding Canadian Revolver Loans made to the Canadian Borrowers and the Canadian LC Obligations of the Canadian Borrowers exceeds the Canadian Line Cap, the excess amount shall be payable by the Canadian Borrowers promptly on demand by Agent.