Prepayment Elections. If the Borrower elects to prepay an amount in accordance with Section 3.03(c)(ii)(A) above, then the Borrower may make such prepayment in six (6) equal consecutive monthly installments beginning within thirty (30) days after Borrower’s receipt of the Borrowing Base Deficiency Notice and continuing on the same day of each month thereafter; provided that all payments required to be made pursuant to this Section 3.03(c)(ii)(B)(1) must be made on or prior to the Termination Date.
Appears in 6 contracts
Sources: Credit Agreement (Callon Petroleum Co), Credit Agreement (Callon Petroleum Co), Credit Agreement (Callon Petroleum Co)
Prepayment Elections. If the Borrower elects to prepay an amount in accordance with Section 3.03(c)(ii)(A3.03(c)(ii)(A)(1) above, then the Borrower may make such prepayment in six three (63) equal consecutive monthly installments beginning within thirty (30) days after Borrower’s receipt of the Borrowing Base Deficiency Notice and continuing on the same day of each month thereafter; provided that all payments required to be made pursuant to this Section 3.03(c)(ii)(B)(1) must be made on or prior to the Termination Date.
Appears in 3 contracts
Sources: Credit Agreement (PDC Energy, Inc.), Credit Agreement (Bonanza Creek Energy, Inc.), Credit Agreement (PDC Energy, Inc.)
Prepayment Elections. If the Borrower elects to prepay an amount in accordance with Section 3.03(c)(ii)(A3.03(c)(ii)(A)(1) above, then the Borrower may make such prepayment in six three (63) equal consecutive monthly installments beginning within thirty (30) days after Borrower▇▇▇▇▇▇▇▇’s receipt of the Borrowing Base Deficiency Notice and continuing on the same day of each month thereafter; provided that all payments required to be made pursuant to this Section 3.03(c)(ii)(B)(1) must be made on or prior to the Termination Date.
Appears in 2 contracts
Sources: Credit Agreement (PDC Energy, Inc.), Credit Agreement (Civitas Resources, Inc.)
Prepayment Elections. If the Borrower elects to prepay an amount in accordance with Section 3.03(c)(ii)(A3.04(c)(ii)(A)(I) above, then the Borrower may make such prepayment in six (6) equal consecutive monthly installments beginning within thirty (30) days after Borrower’s receipt of the Borrowing Base Deficiency Notice and continuing on the same day of each month thereafter; provided that all payments required to be made pursuant to this Section 3.03(c)(ii)(B)(13.04(c)(ii)(B)(I) must be made on or prior to the Termination Date.
Appears in 1 contract
Sources: Credit Agreement (RSP Permian, Inc.)
Prepayment Elections. If the Borrower elects to prepay an amount in accordance with Section 3.03(c)(ii)(A3.03(c)(ii)(A)(1) above, then the Borrower may make such prepayment in six three (63) equal consecutive monthly installments beginning within thirty (30) days after Borrower’s B▇▇▇▇▇▇▇'s receipt of the Borrowing Base Deficiency Notice and continuing on the same day of each month thereafter; provided that all payments required to be made pursuant to this Section 3.03(c)(ii)(B)(1) must be made on or prior to the Termination Date.
Appears in 1 contract
Prepayment Elections. If the Borrower elects to prepay an amount in accordance with Section 3.03(c)(ii)(A3.03(c)(ii)(A)(1) above, then the Borrower may make such prepayment in six three (63) equal consecutive monthly installments beginning within thirty (30) days after BorrowerB▇▇▇▇▇▇▇’s receipt of the Borrowing Base Deficiency Notice and continuing on the same day of each month thereafter; provided that all payments required to be made pursuant to this Section 3.03(c)(ii)(B)(1) must be made on or prior to the Termination Date.
Appears in 1 contract