Common use of Unit Term Limits Clause in Contracts

Unit Term Limits. Subject to the additional limitations on the Borrowing Base set forth herein, Units may be included in the Eligible Assets for the time periods provided below. Notwithstanding anything to the contrary contained in this Agreement or otherwise, for all Units constituting Eligible Assets included in the Borrowing Base in effect as of the Closing Date, the applicable term limits for such Units shall commence on the Closing Date.

Unit Term Limits. Subject to the additional limitations on the Borrowing Base set forth herein, Units may be included in the Eligible Assets for the time periods provided below. Notwithstanding anything to the contrary contained in this Agreement or otherwise, for all Units constituting Eligible Assets included in the Borrowing Base in effect as of the Closing Date, the applicable term limits for such Units shall commence on the Closing Date.