Common use of Borrowing Base Compliance Clause in Contracts

Borrowing Base Compliance. The applicable Borrower shall immediately repay the Revolving Loans and/or Reimbursement Obligations if at any time the Revolving Exposure relating to such Borrower exceeds the lesser of (i) the Revolving Commitment and (ii) such Borrower's Borrowing Base, to the extent required to eliminate such excess. If any such excess remains after repayment in full of all outstanding Revolving Loans and Reimbursement Obligations, the Borrowers shall provide cash collateral or a Supporting Letter of Credit for the LC Obligations in the manner set forth in Section 2.1.2(i) to the extent required to eliminate such excess.

Borrowing Base Compliance. Except for Overadvances permitted pursuant to Section 2.1.4(b), The applicable Borrower Borrowers shall immediately repay the Revolving Loans and/or Loans, Reimbursement Obligations and/or Non-Ratable Loans if at any time the Aggregate Revolving Exposure relating to such Borrower exceeds the lesser of (i) the Revolving Commitment Commitment, and (ii) such Borrower's the Aggregate Borrowing Base, to the extent required to eliminate such excess. If any such excess remains after repayment in full of all outstanding Revolving Loans Loans, Reimbursement Obligations and Reimbursement ObligationsNon-Ratable Loans, the Borrowers shall provide cash collateral or a Supporting Letter of Credit for the LC Obligations in the manner set forth in Section 2.1.2(i2.1.2(l) to the extent required to eliminate such excess.

Borrowing Base Compliance. The applicable Borrower shall immediately repay the Revolving Loans Loans, Swingline Loans, and/or Reimbursement Obligations if at any time the Revolving Aggregate Credit Exposure relating to such Borrower exceeds the lesser of (i) the Revolving Aggregate Commitment and (ii) such Borrower's the Borrowing Base, to the extent required to eliminate such excess. If any such excess remains after repayment in full of all outstanding Revolving Loans, Swingline Loans and Reimbursement Obligations, the Borrowers Borrower shall provide cash collateral or a Supporting Letter of Credit for the LC Obligations in the manner set forth in Section 2.1.2(i2.1.2(l) to the extent required to eliminate such excess.

Borrowing Base Compliance. The applicable Except for Overadvances permitted pursuant to Section 2.1.4(b), the Borrower shall immediately repay the Revolving Loans and/or Loans, Reimbursement Obligations or Non-Ratable Loans if at any time the Revolving Aggregate Credit Exposure relating to such Borrower exceeds the lesser of (i) the Revolving Commitment and (ii) such Borrower's Maximum Borrowing BaseAmount, to the extent required to eliminate such excess. If any such excess remains after repayment in full of all outstanding Revolving Loans Loans, Reimbursement Obligations and Reimbursement ObligationsNon-Ratable Loans, the Borrowers Borrower shall provide cash collateral or a Supporting Letter of Credit for the LC Obligations in the manner set forth in Section 2.1.2(i2.1.2(l) to the extent required to eliminate such excess.

Borrowing Base Compliance. The applicable Borrower Except for Overadvances permitted pursuant to Section 2.1.4(b), the Borrowers shall immediately repay the Revolving Loans and/or Loans, Reimbursement Obligations and/or Non-Ratable Loans if at any time the Aggregate Revolving Exposure relating to such Borrower exceeds the lesser of (i) the Revolving Commitment and (ii) such Borrower's the Aggregate Borrowing Base, to the extent required to eliminate such excess. If any such excess remains after repayment in full of all outstanding Revolving Loans Loans, Reimbursement Obligations and Reimbursement ObligationsNon-Ratable Loans, the Borrowers shall provide cash collateral or a Supporting Letter of Credit for the LC Obligations in the manner set forth in Section 2.1.2(i2.1.2(l) to the extent required to eliminate such excess.

Borrowing Base Compliance. The applicable Borrower shall immediately repay the Revolving Loans, Reimbursement Obligations, Non-Ratable Loans and/or Reimbursement Obligations or Term Loans if at any time the Revolving Aggregate Credit Exposure relating to such Borrower exceeds the lesser of (i) the Revolving Aggregate Commitment and (ii) such Borrower's the Borrowing Base, to the extent required to eliminate such excess. If any such excess remains after repayment in full of all outstanding Revolving Loans Loans, Reimbursement Obligations and Reimbursement ObligationsNon-Ratable Loans, the Borrowers Borrower shall provide cash collateral or a Supporting Letter of Credit for the LC Obligations in the manner set forth in Section 2.1.2(i2.1.2(l) to the extent required to eliminate such excess.