Common use of Borrowing Base Exceeded Clause in Contracts

Borrowing Base Exceeded. At any time when the Borrowing Base is applicable, whenever the outstanding principal balance of all loans exceed the Borrowing Base, Borrower shall immediately pay to Bank the excess of the outstanding principal balance of the loans over the Borrowing Base.

Borrowing Base Exceeded. At any time when the Borrowing Base is applicable, whenever Whenever the outstanding principal balance of all loans Loans exceed the Borrowing Base, Borrower the Borrowers shall immediately pay to the Bank the excess of the outstanding principal balance of the loans Loans over the Borrowing Base.

Borrowing Base Exceeded. At any time when the Borrowing Base is applicable, whenever Whenever the outstanding principal balance of all loans exceed the Borrowing Base, Borrower shall immediately promptly pay to Bank the excess of the outstanding principal balance of the loans over the Borrowing Base.

Borrowing Base Exceeded. At any time when the Borrowing Base is applicable, whenever Whenever the outstanding principal balance of all loans exceed the Borrowing Base, Borrower shall immediately pay to Bank the excess of the outstanding principal balance of the loans over the Borrowing Base.

Borrowing Base Exceeded. At any time when the Borrowing Base is applicable, whenever Whenever the outstanding principal ----------------------- balance of all loans exceed exceeds the Borrowing Base, Borrower shall immediately pay to Bank Lender the excess of the outstanding principal balance of the loans over the Borrowing Base.

Borrowing Base Exceeded. At any time when the Borrowing Base is applicable, whenever Whenever the outstanding principal ----------------------- balance of all loans exceed the Borrowing Base, Borrower shall immediately pay to Bank the excess of the outstanding principal balance of the loans over the Borrowing Base.