Borrowing Base Period definition

Borrowing Base Period means (a) initially, the period from the Effective Date through December 1, 1996; and (b) thereafter, each six month period beginning on June 1 or December 1 of each year.

Borrowing Base Period means: (a) the period from the date of this Agreement through December 31, 1997; (b) thereafter, each six-month period beginning on January 1 or July 1 of each year, until the January 1 or July 1 most nearly preceding the Maturity Date; and (c) the period from the January 1 or July 1 most nearly preceding the Maturity Date through the Maturity Date.

Borrowing Base Period means the period from the Effective Date to the initial Scheduled Borrowing Base Determination Date, and thereafter, each six-month period between Scheduled Borrowing Base Determination Dates.

Examples of Borrowing Base Period in a sentence

• During a Borrowing Base Period, this Agreement shall be subject to a Borrowing Base.

• At any time a Borrowing Base Period is in effect, Minimum Cash Flow of at least $15,000,000, which will be tested quarterly on a trailing four quarter basis.

• Promptly after receiving such information, reports and data, Administrative Agent shall determine and deliver to each Lender the proposed Borrowing Base for the next Borrowing Base Period.

• Upon notice to the Company, the Borrowing Base shall be redetermined for each Borrowing Base Period on each Scheduled Borrowing Base Determination Date, and each such redetermination shall be effective as of the date set forth in such notice of redetermination.

• The Obligors will not Transfer any Oil and Gas Property or any interest in any Oil and Gas Property for which value was given in the most recent Borrowing Base redetermination to any Person other than Obligors, provided, for so long as no Default exists, Obligors may Transfer Oil and Gas Property assets with a market value of up to $2,000,000 in the aggregate during any Borrowing Base Period.

More Definitions of Borrowing Base Period

Borrowing Base Period means any period other than an Investment Grade Period.

Borrowing Base Period has the meaning specified in Section 2.15(a).

Borrowing Base Period means each six (6) month period commencing October 1 and April 1 of each year.

Borrowing Base Period means each six (6) month period commencing on the “Scheduled Borrowing Base Determination Dates” set forth on Appendix I.

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.

Borrowing Base Period means (a) initially, the period beginning on the Effective Date and ending on the first date an Investment Grade Period commences and (b) thereafter, any period other than an Investment Grade Period.

Borrowing Base Period means any period (a) commencing only when Aggregate Revolving Exposure on any date is equal to or greater than an amount equal to 65% of the Revolving Commitments and (b) ending after Aggregate Revolving Exposure is lesser than an amount equal to 65% of the Revolving Commitments, for a period of 30 consecutive days.