Borrowing Base Period definition

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.

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Borrowing Base Period means (a) initially, the period from the Effective Date through November 30, 1999; and (b) thereafter, each six month period beginning on June 1 or December 1 of each year.

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.
Notwithstanding the foregoing, during a Borrowing Base Period, the Borrowing Base may be subject to further adjustments in between Scheduled Redeterminations from time to time pursuant to Section 2.07(e), Section 8.13(c) or Section 9.12(e)(v).
For the avoidance of doubt, upon the termination of any Investment Grade Period, a Borrowing Base Period shall automatically commence and an Interim Redetermination shall occur in accordance with the procedures set forth in this Section 2.06.
Each time a Borrowing Base Period commences after the Effective Date, Parent and the Borrower will, and will cause each other Restricted Subsidiary, to comply with the requirements of this Section 8.07 that apply during a Borrowing Base Period within 90 days (or such longer time as the Administrative Agent may agree in its sole discretion) following the commencement of such Borrowing Base Period.
During any Borrowing Base Period, Advances of Revolving Loans shall be subject to availability under the Borrowing Base.

More Definitions of Borrowing Base Period

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 has the meaning specified in Section 2.15(a).

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

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 any period beginning on the date on which a Borrowing Base Trigger Event occurs and continuing until the next date on which Borrowers shall have delivered to Agent (a) the quarterly financial statements of Holdings (which financial statements shall have also been filed with the U.S. Securities and Exchange Commission), (b) a Compliance Certificate and (c) a Borrowing Base Certificate, which collectively demonstrate that (i) Borrowers are in compliance with the Financial Covenants as of the last day of the calendar month then most recently ended, (ii) as of the date of such financial statements and certificates, no Event of Default has occurred and is continuing, and (c) as of the date of such financial statements and certificates, the Collateral Coverage Ratio is not less than the Collateral Coverage Cure Target.

Borrowing Base Period means the period from the Effective Time until May 1, 2005 and each six-month period commencing May 1, 2005 and each subsequent November 1 and May 1 thereafter.