Combined Loan to Value. If, at any time, the aggregate outstanding principal balance of the Loans exceeds the Borrowing Base, the Borrower shall immediately prepay the Loans in an amount sufficient to reduce the aggregate unpaid principal balance of the Loans by an amount equal to such excess.
Appears in 4 contracts
Samples: Credit Agreement (Tortoise Energy Infrastructure Corp), Credit Agreement (Tortoise North American Energy Corp), Credit Agreement (Tortoise Energy Capital Corp)
Combined Loan to Value. If, at any time, the aggregate outstanding principal balance of Funded Debt exceeds 50% of the Loans exceeds the Borrowing BaseCommon Listed Equity Units Value, the Borrower shall immediately prepay the Loans Loan in an amount sufficient to reduce the aggregate unpaid principal balance of the Loans Loan by an amount equal to such excess.
Appears in 2 contracts
Samples: Credit Agreement (Tortoise Energy Infrastructure Corp), Credit Agreement (Tortoise North American Energy Corp)
Combined Loan to Value. If, at any time, the aggregate outstanding principal balance of Funded Debt exceeds 60% of the Loans exceeds the Borrowing BaseCommon Listed Equity Units Value, the Borrower shall immediately prepay the Loans Loan in an amount sufficient to reduce the aggregate unpaid principal balance of the Loans Loan by an amount equal to such excess.
Appears in 2 contracts
Samples: Credit Agreement (Tortoise Energy Capital Corp), Credit Agreement (Tortoise Energy Capital Corp)
