Borrowing Base Shortfall. (a) The Borrower shall ensure at all times that the Outstandings do not exceed the Borrowing Base. (b) The Borrower shall notify the Lender of any BB Shortfall promptly upon becoming aware of its occurrence (unless the Borrower is notified of the BB Shortfall by the Lender).
Appears in 2 contracts
Sources: Uncommitted Borrowing Base Facility Agreement (Hafnia LTD), Uncommitted Borrowing Base Facility Agreement (Hafnia LTD)