Borrowing Request; Letter of Credit Request. With respect to the Revolving Credit Loans to be made, and the Letters of Credit to be issued, on each Borrowing Date, the Administrative Agent shall have received, (i) in the case of Revolving Credit Loans, a Borrowing Request and (ii) in the case of Letters of Credit, a Letter of Credit Request, in each case duly executed by an Authorized Signatory of the Borrower.
Borrowing Request; Letter of Credit Request. Competitive Bid Request -------------------------------------------------------------------- With respect to the Loans to be made, and the Letters of Credit to be issued, on each Borrowing Date, the Administrative Agent shall have received, (i) in the case of Revolving Credit Loans or Swing Line Loans, a Borrowing Request, (ii) in the case of Letters of Credit, a Letter of Credit Request, and (iii) in the case Competitive Bid Loans, a Competitive Bid Request and such other documents required to be delivered pursuant to Section 2.6, in each case duly executed by the Borrower.
Borrowing Request; Letter of Credit Request. With respect to the Loans to be made, and the New Letters of Credit to be issued, on each Borrowing Date, the Agent shall have received, (i) in the case of Loans, a Borrowing Request and (ii) in the case of New Letters of Credit, a Letter of Credit Request, in each case duly executed by an Authorized Signatory of the Borrower.
Borrowing Request; Letter of Credit Request. Compliance with Borrowing Base With respect to the Revolving Credit Loans and Swing Line Loans to be made, and the Letters of Credit to be issued, (i) on each Borrowing Date, the Agent shall have received, (a) in the case of Revolving Credit Loans and Swing Line Loans, a Borrowing Request, (b) in the case of Letters of Credit, a Letter of Credit Request and an application with respect to the Letter of Credit requested, (c) in the case of Swing Line Loans, telephonic notice (followed by a Borrowing Request) in accordance with Section 2.3(b) herein and (d) in each case, an Updated Borrowing Base Certificate, in each case duly executed by an Authorized Signatory of the Borrowers and (ii) after giving effect to the Revolving Credit Loan(s) to be made and/or the Letter(s) of Credit to be issued, the Credit Exposure does not exceed the lesser of (i) the then existing Borrowing Base and (ii) the Revolving Loan Commitment Amount as reflected in the updated Borrowing Base Certificate.
Borrowing Request; Letter of Credit Request. Compliance with Borrowing Base With respect to the Revolving Credit Loans and Swing Line Loans to be made, and the Letters of Credit to be issued, (i) on each Borrowing Date, the Agent shall have received, (a) in the case of Revolving Credit Loans and Swing Line Loans, a Borrowing Request, (b) in the case of Letters of Credit, a Letter of Credit Request and an application with respect to the Letter of Credit requested, (c) in the case of Swing Line Loans, telephonic notice (followed by a Borrowing Request) in accordance with Section 2.3(b) herein and (d) in each case, an Updated Borrowing Base Certificate, in each case duly executed by an Authorized Signatory of the Borrowers and (ii) after giving effect to the Revolving Credit Loan(s) and/or Swing Line Loans to be made and/or the Letter(s) of Credit to be issued, the Credit Exposure does not exceed the lesser of (i) the then existing Borrowing Base and (ii) the Revolving Loan Commitment Amount as reflected in the updated Borrowing Base Certificate. Notwithstanding anything to the contrary contained in this Agreement, after giving effect to the Revolving Credit Loan(s) and/or Swing Line Loans to be made and/or the Letter(s) of Credit to be issued, the Credit Exposure shall not exceed the lesser of (i) the then existing Borrowing Base, (ii) the Revolving Loan Commitment Amount and (iii) (a) for the First Test Period, $27,000,000 and (b) for the Second Test Period, $26,000,000, as reflected in the updated Borrowing Base Certificate.
