Eligible Completed Drilling Rig Advance Rate definition

Eligible Completed Drilling Rig Advance Rate means (i) from the Effective Date through May 10, 2014, 75%, and (ii) for each period after May 10, 2014, the correlative percentage indicated below: Period Eligible Completed Drilling Rig Advance Rate May 11, 2014 through June 30, 2014 73.75 % July 1, 2014 through September 30, 2014 72.50 % October 1, 2014 through December 31, 2014 71.25 % January 1, 2015 through March 31, 2015 70.00 % April 1, 2015 through June 30, 2015 68.75 % July 1, 2015 through September 30, 2015 67.50 % October 1, 2015 through December 31, 2015 66.25 % January 1, 2016 through March 31, 2016 65.00 % April 1, 2016 through the Maturity Date 63.75 %
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Eligible Completed Drilling Rig Advance Rate means (i) from the Effective Date through November 5, 2015, 75%, and (ii) for each period after November 5, 2015, the correlative percentage indicated below: Amended and Restated Credit Agreement – Independence Contract Drilling #33621191 Period Eligible Completed Drilling Rig Advance Rate November 5, 2015 through December 31, 2015 73.75% January 1, 2016 through March 31, 2016 72.50% April 1, 2016 through June 30, 2016 71.25% July 1, 2016 through September 30, 2016 70.00% October 1, 2016 through December 31, 2016 68.75% January 1, 2017 through March 31, 2017 67.50% April 1, 2017 through June 30, 2017 66.25% July 1, 2017 through September 30, 2017 65.00% October 1, 2017 through December 31, 2017 63.75% January 1, 2018 through March 31, 2018 62.50% April 1, 2018 through June 30, 2018 61.25% July 1, 2018 through September 30, 2018 60.00% October 1, 2018 through the Maturity Date 58.75%
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Eligible Completed Drilling Rig Advance Rate means (i) from the Effective Date through May 10, 2014,February 21, 2015, 75%, and (ii) for each period after May 10, 2014,February 21, 2015, the correlative percentage indicated below: Period Eligible Completed Drilling Rig Advance Rate May 11, 2014 through June 30, 2014 73.75 % July 1, 2014 through September 30, 2014 72.50 % October 1, 2014 through December 31, 2014 71.25 % January 1, 2015 through March 31, 2015 70.00 % February 21, 2015 through March 31, 2015 73.75 % April 1, 2015 through June 30, 2015 68.7572.50 % July 1, 2015 through September 30, 2015 67.5071.25 % October 1, 2015 through December 31, 2015 66.25 % October 1, 2015 through December 31, 2015 70.00 % Period Eligible Completed Drilling Rig Advance Rate May 11, 2014 through June 30, 2014 73.75 % July 1, 2014 through September 30, 2014 72.50 % October 1, 2014 through December 31, 2014 71.25 % January 1, 2015 through March 31, 2015 70.00 % February 21, 2015 through March 31, 2015 73.75 % April 1, 2015 through June 30, 2015 68.7572.50 % July 1, 2015 through September 30, 2015 67.5071.25 % October 1, 2015 through December 31, 2015 66.25 % October 1, 2015 through December 31, 2015 70.00 % January 1, 2016 through March 31, 2016 68.75 % April 1, 2016 through June 30, 2016 67.50 % July 1, 2016 through September 30, 2016 66.25 % JanuaryOctober 1, 2016 through MarchDecember 31, 2016 65.00 % AprilJanuary 1, 20162017 through the Maturity Date 63.75 %
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More Definitions of Eligible Completed Drilling Rig Advance Rate

Eligible Completed Drilling Rig Advance Rate means (i) from the Effective Date through September 30, 2017, 75%, and (ii) for each period after September 30, 2017, the correlative percentage indicated below: Period Eligible Completed Drilling Rig Advance Rate October 1, 2017 through December 31, 2017 73.75% January 1, 2018 through March 31, 2018 72.50% April 1, 2018 through June 30, 2018 71.25% July 1, 2018 through September 30, 2018 70.00% October 1, 2018 through December 31, 2018 68.75% January 1, 2019 through March 31, 2019 67.50% April 1, 2019 through June 30, 2019 66.25% July 1, 2019 through the Maturity Date 65.00% “Environmental Laws” means all laws, rules, regulations, codes, ordinances, orders, decrees, judgments, injunctions, or binding agreements issued, promulgated or entered into by any Governmental Authority, relating in any way to the pollution or protection of the environment or the preservation or reclamation of natural resources, including those relating to the management, release or threatened release of any Hazardous Material, or to employee health and safety matters.
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Related to Eligible Completed Drilling Rig Advance Rate

  • Inventory Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(ii) hereof.

  • Required Reserve Factor Floor means, for any month, the sum (expressed as a percentage) of (i) 19.55% plus (ii) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the immediately preceding Cut-Off Date.

  • 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.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Maximum Advance Rate means 80.0%.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Aggregate Overcollateralization Release Amount With respect to any Distribution Date, the lesser of (x) the aggregate of the Principal Remittance Amounts for each Mortgage Pool for such Distribution Date and (y) the amount, if any, by which (i) the Overcollateralization Amount for such date, calculated for this purpose on the basis of the assumption that 100% of the aggregate of the Principal Remittance Amounts for such Distribution Date is applied on such date in reduction of the aggregate Certificate Principal Amount of the Certificates, exceeds (ii) the Targeted Overcollateralization Amount for such Distribution Date.

  • Maximum Concentration Level Assessment means the Maximum Concentration Level Assessment for the purposes of a Basic Comprehensive Certificate of Approval, described in the Basic Comprehensive User Guide, prepared by a Toxicologist using currently available toxicological information, that demonstrates that the concentration at any Point of Impingement for a Compound of Concern that does not have a Ministry Point of Impingement Limit is not likely to cause an adverse effect as defined by the EPA. The concentration at Point of Impingement for a Compound of Concern must be calculated in accordance with O. Reg. 419/05.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Available Commitment means a Lender’s Commitment minus:

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

  • Borrowing Base Utilization Percentage means, as of any day, the fraction expressed as a percentage, the numerator of which is the sum of the Revolving Credit Exposures of the Lenders on such day, and the denominator of which is the Borrowing Base in effect on such day.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Applicable Commitment Fee Rate means:

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

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Overcollateralization Deficiency Amount With respect to any Distribution Date, the amount, if any, by which the Overcollateralization Target Amount exceeds the Overcollateralized Amount on such Distribution Date (assuming that 100% of the Principal Remittance Amount is applied as a principal distribution on such Distribution Date).

  • Required Rate means (a) 8.40%, with respect to the Cutoff Date and any Distribution Date on or prior to the date on which the Class A-2-B Notes are paid in full, or, (b) 7.90%, with respect to any Distribution Date after the Class A-2-B Notes are paid in full, or, in each case, such other percentage approved by the Rating Agencies.

  • Maximum allowable cost list means a list of drugs for

  • Receivables Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(i) hereof.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Minimum Credit Enhancement Test With respect to any Payment Date, a test that will be satisfied if the Subordinate Percentage is greater than or equal to 6.00%.

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5