Examples of Approved Petroleum Engineer in a sentence
The Borrower shall submit any such request made by the Borrower to the Administrative Agent and each Lender and, at the time of such request, the Borrower shall (A) deliver to the Administrative Agent and each Lender an updated Engineering Report prepared either by the Borrower or any Approved Petroleum Engineer and (B) notify the Administrative Agent and each Lender of the Borrowing Base requested by the Borrower.
Such request shall be submitted to Agent and Required Banks and at the time of such request Borrower shall (i) make, or cause to be made, a Reserve Report available to Agent and the Banks for their review and inspection at Borrower's offices in Taft, California, and at the offices of the Approved Petroleum Engineer, and (ii) deliver to Agent and each Bank a Reserve Summary and Reserve Engineer's Letter prepared with respect to such Reserve Report.
As soon as available and in any event by March 1 of each year, Borrower shall (a) make or cause to be made available to Agent and each Bank for its review and inspection at Borrower's offices in Taft, California and at the offices of the Approved Petroleum Engineer a Reserve Report prepared as of the immediately preceding December 31, and (b) deliver to Agent and each Bank a Reserve Summary and a Reserve Engineer's Letter prepared with respect to such Reserve Report.