Common use of Level IV Clause in Contracts

Level IV. If the Utilization Level is greater than or equal to 75% but less than 90%.

Appears in 15 contracts

Sources: Credit Agreement (Berry Petroleum Corp), Credit Agreement (Berry Petroleum Corp), Credit Agreement (Extraction Oil & Gas, Inc.)

Level IV. If the Utilization Level is equal to or greater than or equal to 75% but less than 90%.

Appears in 1 contract

Sources: Credit Agreement (Bonanza Creek Energy, Inc.)