Common use of Repayment of the Revolving Loan Clause in Contracts

Repayment of the Revolving Loan. In the event the Revolving Loan at any time exceeds the Borrowing Base, the Borrower will immediately, upon notification thereof from the Lender, repay to the Lender the amount by which the Revolving Loan exceeds the Borrowing Base. All advances under the Revolving Loan shall be evidenced by the Promissory Note from Borrower to the order of Lender of even date herewith in the Revolving Loan amount (the "Revolving Note") or Borrower will, upon reasonable request of the Lender, execute a promissory note evidencing the advance, such note to be in such form and to contain such provisions as the Lender shall deem desirable. Each advance shall be recorded in an account on the Lender's books in which shall also be recorded accrued interest on advances, payments on such advances, and other appropriate debits and credits as herein provided, and such account shall constitute prima facie evidence of the information contained therein.

Repayment of the Revolving Loan. In the event the Revolving Loan at any time exceeds the Borrowing Base, the Borrower will immediately, upon notification thereof from the Lender, repay to the Lender the amount by which the Revolving Loan exceeds the Borrowing Base. All advances under the Revolving Loan shall Advances will be evidenced by the Promissory Note from Borrower to Note. However, at the order time of Lender of even date herewith in each advance under the Revolving Loan amount (Loan, the "Revolving Note") or Borrower will, upon reasonable request of the Lender, execute a replacement or supplemental promissory note evidencing the such advance, such note to be in such form and to contain such provisions as the Lender shall deem desirable. Each If the Lender shall elect not to have the Borrower execute notes, each advance shall be recorded in an account on the Lender's books in which shall also be recorded accrued interest on advances, payments on such advances, and other appropriate debits and credits as herein provided, and such account shall shall, absent manifest error, constitute prima facie evidence of the information contained therein.

Repayment of the Revolving Loan. In the event the Revolving Loan at any time exceeds the Borrowing BaseCommitment Amount, or any sublimit established under Section 2.1, the Borrower will immediately, upon notification thereof from the Lender, repay to the Lender the amount by which the Revolving Loan exceeds the Borrowing BaseCommitment Amount or such sublimit. All advances under the Revolving Loan shall Advances will be evidenced by the Promissory Note from Borrower to Note. However, at the order time of Lender of even date herewith in each advance under the Revolving Loan amount (Loan, the "Revolving Note") or Borrower will, upon reasonable request of the Lender, execute a replacement or supplemental promissory note evidencing the such advance, such note to be in such form and to contain such provisions as the Lender shall deem desirable. Each If the Lender shall elect not to have the Borrower execute notes, each advance shall be recorded in an account on the Lender's books in which shall also be recorded accrued interest on advances, payments on such advances, and other appropriate debits and credits as herein provided, and such account shall shall, absent manifest error, constitute prima facie evidence of the information contained therein.