Common use of Borrowing Limitations Clause in Contracts

Borrowing Limitations. Notwithstanding anything to the contrary set forth herein (but subject to Section 2.01(e)), it shall be a condition precedent to each Credit Event that after giving effect thereto (and the use of the proceeds thereof): (i) the Aggregate U.S. Borrower Exposure would not exceed 100% (or, during an Agent Advance Period, 105%) of the U.S. Borrowing Base at such time; (ii) the Aggregate Dutch Borrower Exposure would not exceed 100% (or, during an Agent Advance Period, 105%) of the Dutch Borrowing Base at such time; (iii) the Aggregate Exposure at such time would not exceed the Total Revolving Loan Commitment at such time; and (iv) during a Reduced Availability Period, Excess Availability would exceed 10% of the Availability at such time.