Special Redetermination Sample Clauses

Special Redetermination. 36 SECTION 5.4 Borrowing Base Deficiency................................................36 SECTION 5.5 Initial Borrowing Base...................................................37
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Special Redetermination. (a) In addition to Scheduled Redeterminations, Borrower and Required Banks shall each be permitted to request a Special Redetermination of the Borrowing Base once in each Fiscal Year. Any request by Required Banks pursuant to this Section 5.3(a) shall be submitted to Administrative Agent and Borrower. Any request by Borrower pursuant to this Section 5.3(a) shall be submitted to Administrative Agent and each Bank and at the time of such request Borrower shall (i) deliver to Administrative Agent and each Bank a Reserve Report, and (ii) also notify Administrative Agent and each Bank of the Borrowing Base requested by Borrower in connection with such Special Redetermination.
Special Redetermination. (a) In addition to Scheduled Redeterminations, Required Banks shall be permitted to make a Special Redetermination of the Borrowing Base once in each period between Scheduled Redeterminations. Any request by Required Banks pursuant to this Section 5.3(a) shall be submitted to Administrative Agent and Borrower.
Special Redetermination. In addition to Scheduled Redeterminations, the Borrower and the Required Lenders shall each be permitted to make (i) Special Redeterminations pursuant to Section 5.09, and (ii) other Special Redeterminations of the Borrowing Base; provided, that, the Required Lenders shall be permitted to make only one (1) Special Redetermination pursuant to this Section 2.13(c) in any calendar year, and the Borrower shall be permitted to make only two (2) Special Redeterminations pursuant to this Section 2.13(c) in any calendar year. Any request for a Special Redetermination shall be made pursuant to a written notice to the other parties to this Agreement, and, in the case of a request by the Borrower, such notice shall be accompanied by a Reserve Report and a notification of the Borrowing Base requested by the Borrower in connection with such Special Redetermination. Any Special Redetermination shall be made by the Administrative Agent and the Lenders in accordance with the procedures and standards set forth in Section 2.13(b); provided, that, no Reserve Report will be required to be delivered to the Administrative Agent and the Lenders in connection with any Special Redetermination requested by the Required Lenders pursuant to this Section 2.13(c).
Special Redetermination. (a) In addition to Scheduled Redeterminations, (i) Borrower shall be permitted to request a Special Redetermination of the Borrowing Base once in each period between Scheduled Redeterminations, and (ii) Required Banks shall be permitted to request a Special Redetermination of the Borrowing Base once in each Fiscal Year. Any request by Required Banks pursuant to this Section 4.4(a) shall be submitted to Administrative Agent and Borrower. Any request by Borrower pursuant to this Section 4.4(a) shall be submitted to Administrative Agent and each Bank and at the time of such request Borrower shall (A) deliver to Administrative Agent and each Bank a Reserve Report, and (B) also notify Administrative Agent and each Bank of the Borrowing Base requested by Borrower in connection with such Special Redetermination.
Special Redetermination. In addition to Scheduled Redeterminations, the Borrower and the Required Lenders shall each be permitted to make (i) Special Redeterminations pursuant to Section 2.15(e) and Section 5.18 and (ii) other Special Redeterminations of the Borrowing Base; provided, that, the Required Lenders shall be permitted to make only one (1) Special Redetermination pursuant to this Section 2.15(c)(ii) in any calendar year (and no Special Redetermination shall in any case be made at the request of the Required Lenders prior to June 30, 2015) and the Borrower shall be permitted to make only two (2) Special Redeterminations pursuant to this Section 2.15(c) in any calendar year; provided, that in connection with a Material Acquisition, the Borrower shall be permitted to request an additional Special Redetermination. Any request for a Special Redetermination shall be made pursuant to a written notice (i) from the Administrative Agent to the Borrower, in respect of a Special Redetermination requested by the Required Lenders and (ii) from the Borrower to the Administrative Agent, in respect of a Special Redetermination requested by the Borrower, and, in the case of a request by the Borrower, such notice shall be accompanied by a Reserve Report and a notification of the Borrowing Base requested by the Borrower in connection with such Special Redetermination. Any Special Redetermination shall be made by the Administrative Agent and the Lenders in accordance with the procedures and standards set forth in Section 2.15(b). A Reserve Report shall not be required to be delivered to the Administrative Agent and the Lenders in connection with any Special Redetermination requested by the Required Lenders pursuant to this Section 2.15(c); provided, however that in the absence of a current Reserve Report, the Administrative Agent may make adjustments to its analysis of the latest Reserve Report and the Borrowing Base in its sole discretion.
Special Redetermination. On or before the August '99 Redetermination the Borrower may request a special redetermination of the Borrowing Based by delivering a Borrowing Redetermination Notice and a Reserve Report both as required by subsection 4.9(c) hereof. Such special redetermination of the Borrowing Base shall become effective if it is approved by all the Lenders and if, upon the effectiveness thereof, no Borrowing Base Deficiency exists (such a special Redetermination being herein referred to as the "SPECIAL REDETERMINATION"). If the Special Redetermination becomes effective prior to July 15, 1999, then subsection 7.12(b)(i) hereof shall cease to be in effect. The occurrence of the Special Redetermination shall eliminate the need for the August '99 Redetermination and the next scheduled Borrowing Base redetermination will be in connection with the December 31, 1999 Reserve Report.
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Special Redetermination. (a) In addition to Scheduled Redeterminations and the other Redeterminations provided for in this Article IV, Borrower and Majority Banks shall each be permitted to request a Special Redetermination of the Borrowing Base and the Conforming Borrowing Base once in each period between Scheduled Redeterminations. Any request by Majority Banks pursuant to this Section 4.3(a) shall be submitted to Administrative Agent and Borrower. Any request by Borrower pursuant to this Section 4.3(a) shall be submitted to Administrative Agent and each Bank and at the time of such request Borrower shall (i) deliver to Administrative Agent and each Bank a Reserve Report, and (ii) also notify Administrative Agent and each Bank of the Borrowing Base requested by Borrower in connection with such Special Redetermination.
Special Redetermination. (a) In addition to Scheduled Redeterminations, Borrower and Required Banks shall each be permitted to request a Special Redetermination of the Borrowing Base and the Conforming Borrowing Base once in each Fiscal Year. Any request by Required Banks pursuant to this Section 5.3(a) shall be submitted to Administrative Agent and Borrower. Any request by Borrower pursuant to this Section 5.3(a) shall be submitted to Administrative Agent and each Bank and at the time of such request Borrower shall (i) deliver to Administrative Agent and each Bank a Reserve Report, and (ii) also notify Administrative Agent and each Bank of the Borrowing Base requested by Borrower in connection with such Special Redetermination. (b) Any Special Redetermination shall be made by Banks in accordance with the procedures and standards set forth in Section 5.2; provided, that, no Reserve Report will be required to be delivered to Administrative Agent and Banks in connection with any Special Redetermination requested by Required Banks pursuant to Section 5.3(a) above.
Special Redetermination. 36 SECTION 6.4
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