Borrowing Base Limitations. The Borrowers must ensure that the aggregate amount of all outstanding Borrowings (expressed in Dollars) will not at any time exceed the lesser of (i) the amount at such time of the Facility, and (ii) the Borrowing Base. Accordingly, no Borrower may request a Borrowing if the making of such Borrowing would result in such limit being exceeded.
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Samples: Credit Agreement (Cascades Inc), Credit Agreement (Cascades Inc)
Borrowing Base Limitations. (a) The Borrowers Borrower must ensure that the aggregate amount of all outstanding Borrowings (expressed in Dollars) will not at any time exceed the lesser of (i) the amount at such time of the Facility, and (ii) the Borrowing Base. Accordingly, no the Borrower may not request a Borrowing if the making of such Borrowing would result in such limit being exceeded.;
Appears in 2 contracts
Samples: Credit Agreement (Neurochem Inc), Credit Agreement (Neurochem Inc)
Borrowing Base Limitations. (a) The Borrowers must ensure that the aggregate amount of all outstanding Borrowings (expressed in Dollars) will not at any time exceed the lesser of (i) the amount at such time of the Facility, and (ii) the Borrowing Base. Accordingly, no Borrower may request a Borrowing if the making of such Borrowing would result in such limit being exceeded.
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Borrowing Base Limitations. The Borrowers must ensure that the aggregate amount of all outstanding Borrowings (expressed in Dollars) will not at any time exceed the lesser of (i) the amount at such time of the Facility, and (ii) the Borrowing Base. Accordingly, no Borrower may request a Borrowing if the making of such Borrowing would result in such limit being exceeded.
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