Common use of Certain Payments and Prepayments of Principal Clause in Contracts

Certain Payments and Prepayments of Principal. 2.4.1. If at any time the aggregate principal of the Loans outstanding and the undrawn amount of the outstanding Letters of Credit exceeds the Borrowing Base then in effect, the Borrower shall on the day of such occurrence, repay the principal of the Loans in an amount equal to such excess, except that if the circumstances described in this Section are the direct result of a new determination of the Borrowing Base under Section 2.8.1, then the provisions of Section 2.8.3 shall apply.

Certain Payments and Prepayments of Principal. 2.4.1. If at any time the aggregate principal of the Loans Notes outstanding and plus the undrawn amount of the outstanding Letters Letter of Credit Exposure exceeds the Borrowing Base then in effect, the Borrower shall on the day of such occurrence, repay the principal of the Loans Notes in an amount equal to such excess, except that if the circumstances described in this Section are the direct result of a new determination decrease of the Borrowing Base under Section 2.8.1, then the provisions of Section 2.8.3 shall apply.

Certain Payments and Prepayments of Principal. 2.4.1. (a) If at any time the aggregate principal of the Loans outstanding and the undrawn amount of the outstanding Letters of Credit exceeds exceed the Borrowing Base then in effect, the Borrower Borrowers shall on the day within one (1) Business Days after it becomes aware of such occurrence, repay the principal of the Loans in an amount equal to such excess, except that if the circumstances described in this Section are the direct result of a new determination of the Borrowing Base under Section 2.8.12.8(a), then the provisions of Section 2.8.3 2.8(c) shall apply.

Certain Payments and Prepayments of Principal. 2.4.1. 2.4.1 If at any time the aggregate principal of the Loans outstanding and the undrawn amount of the outstanding Letters of Credit exceeds exceed the Borrowing Base then in effect, the Borrower shall on the day of within one (1) Business Day after such occurrence, repay the principal of the Loans in an amount equal to such excess, except that if the circumstances described in this Section are the direct result of a new determination of the Borrowing Base under Section 2.8.1, then the provisions of Section 2.8.3 shall apply.. 15