Common use of No Borrowing Base Deficiency Clause in Contracts

No Borrowing Base Deficiency. After giving effect to any ▇▇▇▇▇▇▇▇ ▇▇▇▇ Event Advance or Increased Availability Advance, no Borrowing Base Deficiency will exist (and where an Increased Availability Advance is requested, the amount of such Increased Availability Advance requested shall be no greater than the product of (x) the increase to the Advance Rate resulting from the applicable Advance Rate Adjustment and (y) the Adjusted Borrowing Value of the Aircraft subject of such Increased Availability Advance (after giving effect to any Aircraft Type Concentration Adjustment) as of such date (and the Administrative Agent shall have received an Additional Advance Request and a Monthly Report demonstrating the foregoing)).

Appears in 2 contracts

Sources: First Amendment Agreement (AerCap Holdings N.V.), Credit Agreement (AerCap Holdings N.V.)