Common use of Borrowing Base Deficiency Clause in Contracts

Borrowing Base Deficiency. Subject to Section 2.05(b)(ii), if a Borrowing Base Deficiency exists, then after receipt of written notice from the Administrative Agent regarding such deficiency, the Borrower shall,

Appears in 7 contracts

Samples: Credit Agreement (Abraxas Energy Partners LP), Credit Agreement (Abraxas Petroleum Corp), Credit Agreement (Abraxas Petroleum Corp)

AutoNDA by SimpleDocs

Borrowing Base Deficiency. Subject to Section Sections 2.05(b)(ii), (iii), and (iv), if a Borrowing Base Deficiency exists, then after receipt of written notice from the Administrative Agent regarding such deficiency, the Borrower shall,

Appears in 2 contracts

Samples: Credit Agreement (TXO Partners, L.P.), Credit Agreement (MorningStar Partners, L.P.)

Borrowing Base Deficiency. Subject to If at any time, other than as set forth in Section 2.05(b)(ii2.3(b) or Section 2.3(d), if a Borrowing Base Deficiency existsshall occur, then after receipt of written upon notice from the Administrative Agent regarding such of the deficiency, the Borrower shall,shall either:

Appears in 2 contracts

Samples: Credit Agreement (Warren Resources Inc), Credit Agreement (Warren Resources Inc)

Borrowing Base Deficiency. Subject to Section 2.05(b)(ii) and Section 2.05(b)(v), if a Borrowing Base Deficiency exists, then after receipt of written notice from the Administrative Agent regarding such deficiency, the Borrower shall,

Appears in 2 contracts

Samples: Credit Agreement (Abraxas Petroleum Corp), Credit Agreement (Isramco Inc)

AutoNDA by SimpleDocs

Borrowing Base Deficiency. Subject to If at any time, other than as set forth in Section 2.05(b)(ii2.3(b) or Section 2.3(e), if a Borrowing Base Deficiency existsshall occur, then after receipt of written upon notice from the Administrative Agent regarding such of the deficiency, the Borrower shall,shall either:

Appears in 1 contract

Samples: Credit Agreement (Warren Resources Inc)

Borrowing Base Deficiency. Subject to Section 2.05(b)(ii)Other than as provided in clause (b)(ii) and (iii) and subsection (c) below, if a Borrowing Base Deficiency exists, then the Borrower shall, after receipt of written notice from the Administrative Agent regarding such deficiency, take any of the following actions (and the failure of the Borrower shall,to take such actions to remedy such Borrowing Base Deficiency shall constitute an Event of Default):

Appears in 1 contract

Samples: Credit Agreement (Callon Petroleum Co)

Time is Money Join Law Insider Premium to draft better contracts faster.