Common use of Borrowing Base Requirement Clause in Contracts

Borrowing Base Requirement. Subject to Section 4.02(d), each Borrower shall at all times cause its respective Borrowing Base to equal or exceed the sum of the aggregate principal amount of Tranche 1 Revolving Loans incurred by such Borrower plus the Tranche 1 Letter of Credit Outstandings attributable to such Borrower at such time.

Borrowing Base Requirement. Subject to Section 4.02(d4.02(e), each Borrower shall at all times cause its respective Borrowing Base to equal or exceed the sum of the aggregate principal amount of Tranche 1 Revolving Loans incurred by such Borrower plus the Tranche 1 Letter of Credit Outstandings attributable to such Borrower at such time.