Borrowing Base Deficiency Notice definition
Borrowing Base Deficiency Notice has the meaning assigned to such term in Section 3.03(c)(ii).
Borrowing Base Deficiency Notice shall have the meaning set forth in Section 2.6.
Borrowing Base Deficiency Notice means a notice from Administrative Agent to Borrower that a Borrowing Base Deficiency exists because of a periodic or special redetermination made pursuant to Section 2.9(b) or Section 2.9(c)(i).
Examples of Borrowing Base Deficiency Notice in a sentence
Not later than the third (3rd) Business Day following (i) each delivery of a Borrowing Base Certificate pursuant to Section 5.1(k) and/or (ii) the delivery of a Borrowing Base Deficiency Notice by the Administrative Agent to the Borrowers, as applicable, the Borrowers shall prepay the Loans in an aggregate amount, if any, equal to the aggregate balance of outstanding Loans taken as a whole that exceeds the Borrowing Base (such excess, a “Borrowing Base Deficiency”).
More Definitions of Borrowing Base Deficiency Notice
Borrowing Base Deficiency Notice means a written notice from the Borrower to the Lender substantially in the form of Exhibit M to this Loan Agreement.
Borrowing Base Deficiency Notice is defined in Section 3.5.
Borrowing Base Deficiency Notice has the meaning specified in Section 4.06(a).
Borrowing Base Deficiency Notice means a notice from the Administrative Agent to the Borrowers that a Borrowing Base Deficiency exists because of a periodic or special redetermination made pursuant to Section 2.10(b) or Section 2.10(c).
Borrowing Base Deficiency Notice means written notice (which notice may be sent electronically) delivered by the Lender to the Borrower that the date of such notice is a Borrowing Base Shortfall Day.
Borrowing Base Deficiency Notice as defined in SECTION 3.2(B).
Borrowing Base Deficiency Notice has the meaning assigned to such term in Section 3.03(c)(ii). “Borrowing Base Period” means (a) initially, the period beginning on the Effective Date and ending on the last day immediately prior to the commencement of an Investment Grade Period and (b) thereafter, any period other than an Investment Grade Period. “Business Day” means any day that is not a Saturday, Sunday or other day on which commercial banks in New York, New York are authorized or required by law to remain closed; provided that, in relation to RFR Loans and any interest rate settings, fundings, disbursements, settlements or payments of any such RFR Loan, or any other dealings of such RFR Loan, any such day that is only a U.S. Government Securities Business Day. “Capital Leases” means, in respect of any Person, all leases which shall have been, or should have been, in accordance with GAAP, recorded as capital leases on the balance sheet of the Person liable (whether contingent or otherwise) for the payment of rent thereunder. “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent (as a first priority, perfected security interest), for the benefit of the Issuing Banks and the