New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d).
New Borrowing Base Notice shall have the meaning specified therefor in Section 2.1(e)(iii)(A).
New Borrowing Base Notice has the meaning assigned to such term in Section 3.04.
Examples of New Borrowing Base Notice in a sentence
This Section 3 constitutes the New Borrowing Base Notice in accordance with Section 2.07(d) of the Credit Agreement.
Within three Business Days of its receipt of a New Borrowing Base Notice, the Borrower may provide written notice to the Administrative Agent and the Revolving Lenders that specifies for the period from the effective date of the New Borrowing Base Notice until the next succeeding Scheduled Redetermination Date, the Borrowing Base will be a lesser amount than the amount set forth in such New Borrowing Base Notice, whereupon such specified lesser amount will become the new Borrowing Base.
This letter agreement constitutes a New Borrowing Base Notice delivered pursuant to Section 2.07(e) of the Credit Agreement.
This Section 3.1 constitutes the New Borrowing Base Notice in accordance with Section 2.07(d) of the Credit Agreement.
This Section 3.2 shall constitute the New Borrowing Base Notice delivered under Section 2.07(d) of the Credit Agreement with respect to the Interim Redetermination of the Borrowing Base for December 1, 2015 pursuant to Section 3.2 of the Eleventh Amendment.
More Definitions of New Borrowing Base Notice
New Borrowing Base Notice shall have the meaning provided in Section 2.14(d). “Non-Consenting B/B Lender” shall have the meaning provided in Section 2.14(i). “Non-Consenting Lender” shall have the meaning provided in Section 14.7(b).
New Borrowing Base Notice has the meaning assigned to such term in Section 2.07(d). “Non-Consenting Lender” means any Lender that does not approve any consent, waiver or amendment to any provision of this Agreement or any other Loan Document requested by the Borrower (excluding, for the avoidance of doubt, any Borrowing Base increase) that (i) requires the approval of all Lenders or all affected Lenders in accordance with the terms of Section 12.02(b) and (ii) has been approved by the Majority Lenders. “Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting Lender at such time. “Non-Recourse” means, with respect to any Person, any Debt or other obligations, if (a) such Person is not obligated to provide credit support for such Debt or other obligations in any form (including any undertaking, agreement or instrument that would constitute Debt or a Lien), (b) such Person is not directly or indirectly liable for such Debt or other obligations and (c) the holder of such Debt or other obligations has no recourse to such Person or any of such Person’s assets in connection with Debt or other obligations. “Notes” means the promissory notes of the Borrower described in Section 2.02(e) and being substantially in the form of Exhibit A, together with all amendments, modifications, replacements, extensions and rearrangements thereof. “NYFRB” means the Federal Reserve Bank of New York. “NYFRB Rate” means, for any day, the greater of (a) the Federal Funds Effective Rate in effect on such day and (b) the Overnight Bank Funding Rate in effect on such day (or for any day that is not a Business Day, for the immediately preceding Business Day); provided that if none of such rates are published for any day that is a Business Day, the term “NYFRB Rate” means the rate for a federal funds transaction quoted at 11:00 a.m. on such day received by the Administrative Agent from a federal funds broker of recognized standing selected by it; provided, further, that if any of the aforesaid rates as so determined be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. “NYFRB’s Website” means the website of the NYFRB at xxxx://xxx.xxxxxxxxxx.xxx, or any successor source. “Obligations” means (a) any and all amounts owing or to be owing by the Borrower or any Guarantor (whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising) to the Administrative Agent, any other Agent...
New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d). “Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting Lender at such time. “Notes” means the promissory notes of the Borrower described in Section 2.02(d) evidencing the Loans and being substantially in the form of Error! Reference source not found., together with all amendments, modifications, replacements, extensions and rearrangements thereof. “NYFRB” means the Federal Reserve Bank of New York. “NYFRB Rate” means, for any day, the greater of (a) the Federal Funds Effective Rate in effect on such day and (b) the Overnight Bank Funding Rate in effect on such day (or for any day that is not a Business Day, for the immediately preceding Business Day); provided that if none of 22
New Borrowing Base Notice shall have the meaning assigned to such term in Section 2.21(d).
New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d). Credit Agreement
New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d). 343437 Definition amended by Fourth Amendment. 353538 Definition amended most recently by Thirteen Amendment. 363639 Definition added by Thirteenth Amendment.
New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d). “New Debt” has the meaning assigned such term in Section 2.07(e)(i). “New Guarantors” means New Ohm and Xxxxxxx Opco. “Non-Consenting Lender” means any Lender that does not approve (a) any amendment, waiver or consent of or under any Loan Document that requires the approval of all Lenders or all affected Lenders in accordance with Section 12.02 (other than any Proposed Borrowing Base that would increase the then-current Borrowing Base) and has been approved by the Required Lenders or (b) any Proposed Borrowing Base that would increase the then-current Borrowing Base that has been approved by (i) if there are less than three Lenders at such time, all Lenders (other than any Defaulting Lender), and (ii) if there are three or more Lenders at such time, Lenders having at least eighty percent (80%) of the Total Credit Exposures (without regard to any sale by a Lender of a participation in any Loan under Section 12.04(c)).