BB Properties definition

BB Properties means at any time the Oil and Gas Properties and other assets of the Company or a Subsidiary of the Company evaluated by the Lenders and to which the Lenders gave loan value in determining the most recent Borrowing Base.
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Examples of BB Properties in a sentence

  • The Administrative Agent shall have completed a due diligence review of evidence of title satisfactory to the Administrative Agent setting forth the status of title to Oil and Gas Properties with a value (as determined by the Administrative Agent) at least equal to 80% of the total value of the Oil and Gas Properties that will constitute BB Properties.

  • B&B Del will own 100a of B&B Properties LLC, and 100% of B&B Management LLC.

  • Lease Agreement between B&B Properties (Landlord), a Washington partnership, and Prime Service, Inc.

  • B&B Bethel will be owned 55% by B&B Properties, 35% B&B Holdings and 10% by JIFM Holdings.

Related to BB Properties

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Common Properties means and refer to those areas of land shown on any recorded subdivision plat of The Properties and intended to be devoted to the common use and enjoyment of the owners of The Properties.

  • Initial Properties means collectively the Properties listed on Schedule 1.1 and “Initial Property” means any of such Properties.

  • Owned Real Properties has the meaning set forth in Section 3.16(b).