BBC Assets definition

BBC Assets means, collectively, the “Assets” as such term is defined in the BBC Acquisition Agreement.

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Examples of BBC Assets in a sentence

• Global Administrative Agent or its counsel shall have completed a satisfactory review of title to not less than 80% of the Present Value of the BBC Assets evaluated for purposes of establishing the amount of the Global Borrowing Base set forth in Section 2 hereof, and such review shall not have revealed any condition or circumstance which would reflect that the representations and warranties contained in Section 3.5 of the Credit Agreement are inaccurate in any respect.

• Borrower shall have entered into Hedging Agreements with Approved Counterparties and the notional volumes for which are not less than 80% of the reasonably anticipated projected production from proved, developed, producing Oil and Gas Properties (including, without limitation, the BBC Assets), and which Hedging Agreements shall have a term of three (3) years from the Effective Date.