Borrowing Base Properties definition
Borrowing Base Properties means the Oil and Gas Properties of the Loan Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 8.12.
Borrowing Base Properties means all Oil and Gas Interests of the Borrower and the Restricted Subsidiaries evaluated by the Lenders for purposes of establishing the Borrowing Base.
Borrowing Base Properties means all Mineral Interests evaluated by Banks for purposes of establishing the Borrowing Base. The Borrowing Base Properties on the Effective Date constitute all of the Mineral Interests described in the Initial Reserve Report.
Examples of Borrowing Base Properties in a sentence
Schedule 5.08 sets forth a list of the Properties included as Borrowing Base Properties on the Closing Date and the Direct Owners thereof and each Indirect Owner of each such Direct Owner.
For the avoidance of doubt, upon termination of a Designated Borrower’s status in accordance with this Section 2.20(d), all Borrowing Base Properties owned, directly or indirectly, by such Designated Borrower shall be removed from the calculation of Borrowing Base Value and Borrowing Base Amount.
As of the Closing Date, the Borrowing Base Properties listed on Schedule 5.08 (the “Initial Borrowing Base Properties”) shall be the initial Borrowing Base Properties.
More Definitions of Borrowing Base Properties
Borrowing Base Properties means the proved Oil and Gas Properties of the Borrower and its Restricted Subsidiaries included in the most recently delivered Reserve Report hereunder.
Borrowing Base Properties means each Acceptable Property that either (a) is an Initial Borrowing Base Property or (b) becomes a Borrowing Base Property pursuant to Section 4.03, but excluding any Acceptable Properties that have been released from the Borrowing Base pursuant to Section 4.09, and “Borrowing Base Property” means any one of the Borrowing Base Properties.
Borrowing Base Properties means, as of any date of determination, subject to the requirements of Section 7.04, the Real Properties (including, without limitation, all related land, improvements and fixtures) listed on Schedule 1.01(b) (as such schedule may be adjusted (or deemed adjusted) pursuant to Section 7.13).
Borrowing Base Properties means, the Individual Properties initially listed in Schedule 6.14.2(i) hereto, plus any Individual Property which subsequently becomes a Borrowing Base Property in accordance with Section 3.4 hereof, but excluding (i) any Borrowing Base Property which is determined by the Administrative Agent to no longer be a Borrowing Base Property in accordance with Section 3.3, hereof, or (ii) any Borrowing Base Property which is released in accordance with Section 3.2 hereof.
Borrowing Base Properties means the Oil and Gas Properties of the Restricted Persons evaluated by the First Lien Lenders for purposes of establishing the Borrowing Base then in effect.
Borrowing Base Properties means each Acceptable Property that either (a) is an Initial Borrowing Base Property or (b) becomes a Borrowing Base Property pursuant to Section 4.03, but excluding any Acceptable Properties that have been released from the Borrowing Base pursuant to Section 4.09, and “Borrowing Base Property” means any one of the Borrowing Base Properties, provided that after the date that is six (6) months after a Borrowing Base Property becomes a Dark Property, said Property shall no longer constitute a Borrowing Base Property and its Borrowing Base Asset Value and Adjusted Borrowing Base NOI shall be excluded when calculating the Borrowing Base.
Borrowing Base Properties means any and all interests of Borrower, whether now owned or hereafter acquired, in any and all oil and/or gas properties, ▇▇▇▇▇, leases, gathering systems, processing plants and other related rights and assets to which BOK now or hereafter gives value in determining the Borrowing Base.