Borrowing Base Redetermination Date definition

Borrowing Base Redetermination Date means any date upon which a Borrowing Base Determination (as defined in the First Lien Credit Agreement) is made pursuant to the First Lien Credit Agreement.
Sample 1
Borrowing Base Redetermination Date means each November 1 and each May 1, commencing November 1, 1997, as well as any other date on which Lender, in its sole discretion, redetermines the Borrowing Base. Upon any change in the Borrowing Base, Lender shall redetermine, in its sole discretion, the amount by which the Borrowing Base will reduce effective the first day of each month thereafter. If the amount outstanding under the Credit Facility at any time is greater than the Borrowing Base at such time, Borrower shall, within thirty (30) days after written notice thereof from Lender, make a prepayment on the Revolving Note in an amount sufficient to reduce the outstanding amount thereof to an amount not more than the Borrowing Base.
Sample 1
Borrowing Base Redetermination Date means the (i) date set forth on Annex A, (ii) the date that is thirty (30) days after the date that Borrower delivers to the Bank a request for a redetermination of the Borrowing Base, together with such engineering, title, and other information as the Bank may require in connection with such redetermination, and (iii) any other date on which the Bank, in its sole discretion, redetermines the Borrowing Base; provided, however, that the Bank will not exercise its rights under this clause (iii) more often than once during any calendar year).
Sample 1

Examples of Borrowing Base Redetermination Date in a sentence

  • By each Semiannual Borrowing Base Redetermination Date, the Agent shall report in writing to the Borrower and each Bank its determination of the Revolving Credit Borrowing Base, which shall in no event exceed the lesser of then applicable Commitment Amount or $50,000,000.

  • By each Semiannual Borrowing Base Redetermination Date, the Lender shall report in writing to the Borrower its determination of the Revolving Credit Borrowing Base, which shall in no event exceed the lesser of then applicable Commitment Amount or $50,000,000.

  • Following the Initial Oil and Gas Reserve Borrowing Base Redetermination Date, promptly following the written request of the Administrative Agent, a list of all Persons purchasing material quantities of Hydrocarbons from the Borrower or any other Loan Party.

  • Bread will be small-volumed, with a rough break and shred, uneven grain and large holes.

  • Upon any determination or redetermination of the Borrowing Base, such determination shall remain in effect until the next successive Borrowing Base Redetermination Date.

  • Notwithstanding that the Amendment Fee has been fully earned, such Amendment Fee shall be paid on the earliest to occur of (i) the Maturity Date, (ii) the date upon which a refinance of the Credit Agreement occurs or, (iii) any event of Default or (iv) the first Borrowing Base Redetermination Date to occur following Amendment Effect Date.

  • Following the Initial Oil and Gas Reserve Borrowing Base Redetermination Date, the Loan Parties shall maintain a commodity price risk management policy, which policy shall be reasonably acceptable to the Administrative Agent; provided that such policy shall be subject to the review of the Administrative Agent no more than once every three years.

  • The amount of the Borrowing Base will be redetemined by the Bank as of each Borrowing Base Redetermination Date, taking into account such matters as the Bank, in its sole discretion, deems relevant.


More Definitions of Borrowing Base Redetermination Date

Borrowing Base Redetermination Date has the meaning provided in Section 3.2(b).
Sample 1
Borrowing Base Redetermination Date shall have the meaning assigned such term in Section 2.08(a).
Sample 1
Borrowing Base Redetermination Date means the date that the Borrowing Base as determined or redetermined becomes effective subject to the notice requirements specified in Section 2.08(e) both for the scheduled determination, scheduled redeterminations and unscheduled redeterminations. After the First Borrowing Base Determination Date, so long as any of the Commitments are in effect or any Loans are outstanding hereunder, this facility shall be governed by the then effective Borrowing Base.
Sample 1

Related to Borrowing Base Redetermination Date

  • Interim Redetermination Date means the date on which a Borrowing Base that has been redetermined pursuant to an Interim Redetermination becomes effective as provided in Section 2.07(d).

  • Scheduled Redetermination Date means the date on which a Borrowing Base that has been redetermined pursuant to a Scheduled Redetermination becomes effective as provided in Section 2.07(d).

  • Redetermination Date means, with respect to any Scheduled Redetermination or any Interim Redetermination, the date that the redetermined Borrowing Base related thereto becomes effective pursuant to Section 2.07(d).

  • Scheduled Redetermination has the meaning assigned such term in Section 2.07(b).

  • Interim Redetermination has the meaning assigned such term in Section 2.07(b).

  • Borrowing Base means, at any time of calculation, an amount equal to:

  • Borrowing Base Value means, with respect to any Oil and Gas Property of a Credit Party or any Swap Agreement in respect of commodities, the value the Administrative Agent attributed to such asset in connection with the most recent determination of the Borrowing Base as confirmed by Required Lenders.

  • Borrowing Base Report means a Borrowing Base Report for the Borrower signed by an Authorized Signatory of the Borrower and in substantially the form of Exhibit D attached hereto.

  • Redetermination means any Scheduled Redetermination or Special Redetermination.

  • Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.

  • Aggregate Borrowing Base means as of any date of determination, an amount equal to (i) the sum of the SMP Borrowing Base and the SI Borrowing Base; less (ii) any Reserves except to the extent already deducted therefrom.

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d).

  • Borrowing Base Amount means, as of any date, an amount equal to the sum of:

  • Borrowing Base Deficit means, at any time of determination, the amount, if any, by which (a) the Aggregate Capital at such time, exceeds (b) the Borrowing Base at such time.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Proposed Borrowing Base Notice has the meaning assigned to such term in Section 2.07(c)(ii).

  • Borrowing Base Test means as of any date, a determination that (a) the lesser of (i) the Borrowing Base and (ii) the Facility Amount shall be equal to or greater than (b) the Advances Outstanding.

  • Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).

  • LIBOR Interest Determination Date means the second LIBOR Business Day preceding each LIBOR Rate Reset Date.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Loan Year means each period of twelve (12) consecutive months commencing on the Closing Date and on each anniversary thereof.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • FX Calculation Date means each day on which FX is published by the Fixing Sponsor. "FX Call Event" means each of the following events: