Borrowing Base Ratio. No later than the second Business Day following each date upon which a Borrowing Base Certificate is delivered pursuant to Section 5.01(k) after the Closing Date, Borrower shall prepay Loans as set forth in Section 2.14(a) in an aggregate amount sufficient to cause the Borrowing Base Ratio, as of the last day of such fiscal month (or such week, if weekly), on a pro forma basis giving effect to such prepayment, to be no less than 100%.
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Samples: Abl Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (Franchise Group, Inc.)
Borrowing Base Ratio. No later than the second Business Day following each date upon which a Borrowing Base Certificate is due to be delivered pursuant to Section 5.01(k) after the Closing Date4.1, Borrower shall prepay Loans as set forth in Section 2.14(a) or Loans under the First Lien Loan Documents in an aggregate amount sufficient to cause the Borrowing Base Ratio, as of the last day of such fiscal month (or such week, if weekly)month, on a pro forma basis giving effect to such prepayment, to be no less than 100%.
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Borrowing Base Ratio. No later than the second Business Day following each date upon which a Borrowing Base Certificate is delivered pursuant to Section 5.01(k) after the Closing Date, Borrower shall prepay Loans as set forth in Section 2.14(a) in an aggregate amount sufficient to cause the Borrowing Base Ratio, as of the last day of such fiscal month (or such week, if weekly)month, on a pro forma basis giving effect to such prepayment, to be no less than 100%.
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