Revaluation Borrowing Base Event

Revaluation Borrowing Base Event. Any time when the Advances outstanding exceed the Borrowing Base solely due to the revaluation of one or more Collateral Obligations following the occurrence of a Revaluation Event with respect to any such Collateral Obligation if (a) after giving effect to such revaluation(s), the aggregate principal amount of all Advances outstanding hereunder exceeds the Borrowing Base by an amount (calculated as a percentage) of less than 10% and (b) no other event occurred on the date of such... revaluation(s) that either decreased the Borrowing Base (other than by operation of Section 8.3) or increased the Advances outstanding hereunder. View More