First Scheduled Redetermination Date definition

First Scheduled Redetermination Date means the first May 1st occurring more than six (6) months after the Borrowing Base Trigger Event.
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First Scheduled Redetermination Date means, with respect to the Borrowing Base, the first June 15th occurring more than six (6) months after a Borrowing Base Trigger Event and, with respect to PV-9, the first June 15th or October 30th occurring more than six (6) months after a Borrowing Base Trigger Event. [CREDIT AGREEMENT]
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First Scheduled Redetermination Date means May 1, 2021.
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Examples of First Scheduled Redetermination Date in a sentence

  • On the Effective Date, the Borrowing Base shall be equal to $3,000,000,000, which Borrowing Base shall remain in effect until the First Scheduled Redetermination Date, the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), Section 2.14(f), Section 2.14(g) or Section 2.14(l) of the Credit Agreement, whichever occurs first.

  • If the Specified Hugoton Assets Sale is consummated after the Closing Date but on or before the First Scheduled Redetermination Date, the Borrowing Base shall be reduced, effective immediately upon such disposition without further action by the Administrative Agent or the Lenders, by $175,000,000.

  • In addition, following the First Scheduled Redetermination Date, the Borrower may, by notifying the Administrative Agent thereof and the Administrative Agent, acting at the direction of the Majority Lenders may, by notifying the Borrower thereof, elect to cause the Borrowing Base or PV-9 to be redetermined between Scheduled Redeterminations (an “Interim Redetermination”), in each case, not more than once between Scheduled Redeterminations, in accordance with this Section 2.14.

  • No additional redetermination of the Borrowing Base requested by the Required Lenders pursuant to this Section 2.2(c) shall occur before the First Scheduled Redetermination Date.

  • The Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.14 (a “Scheduled Redetermination”), and, subject to Section 2.14(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuer and the Lenders on May 1st and November 1st of each year (or, in each case, such date reasonably practicable thereafter), commencing on the First Scheduled Redetermination Date.

  • Thereafter, a Borrowing Base Redetermination shall occur on the first anniversary of the Plan Effective Date (the “First Scheduled Redetermination Date”), and thereafter on each 6-month anniversary of the First Scheduled Redetermination Date.

  • Thereafter, until the First Scheduled Redetermination Date (as defined below), the Borrowing Base shall be the amount during the corresponding period as set forth in the table below: Date Borrowing Base February 1, 2020 – February 29, 2020 $494 million March 1, 2020 – March 31, 2020 $488 million April 1, 2020 – April 30, 2020 $482 million May 1, 2020 – May 31, 2020 $476 million June 1, 2020 $470 million (subject to redetermination) Scheduled Borrowing Base Redeterminations.


More Definitions of First Scheduled Redetermination Date

First Scheduled Redetermination Date means January 15, 2016.
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First Scheduled Redetermination Date means, with respect to the Borrowing Base, the first June 15th occurring more than six (6) months after a Borrowing Base Trigger Event and, with respect to PV-9, the first June 15th or October 30th occurring more than six (6) months after a Borrowing Base Trigger Event.[CREDIT AGREEMENT]
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First Scheduled Redetermination Date means November 1, 2017.
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First Scheduled Redetermination Date means (a) during the Special Borrowing Base Trigger Period, April 15, 2016 and (b) during any other Borrowing Base Trigger Period, (i) with respect to the Borrowing Base, the first June 15th occurring more than six (6) months after the Borrowing Base Trigger Event initiating such Borrowing Base Trigger Period and
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First Scheduled Redetermination Date. “Immaterial Subsidiary”, “Increasing Lender”, “Increasing Revolving Lender”, “Increasing Term Loan Lender”, “Incremental Agreement”, “Incremental Increase”, “Maximum Aggregate Amount”, “Restricted Foreign Subsidiary”, “Restricted Subsidiary”, “Revolving Incremental Increase”, “Term Loan Incremental Increase”, and “Unrestricted Subsidiary”.
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Related to First Scheduled Redetermination Date

  • 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).

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

  • 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).

  • 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).

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

  • Scheduled Redemption Date means the first (1st) Business Day following the twenty first (21st) anniversary of the Issue Date.

  • Redetermination means any Scheduled Redetermination or Special Redetermination.

  • Scheduled Return Date means the date on which You are originally scheduled to return to the point of origin or the original final destination of Your Trip.

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

  • Scheduled Reference Date means any original date that, but for the occurrence of an event causing a Disrupted Day, would have been a Reference Date.

  • Unscheduled Rebalance means an unscheduled rebalance occurring on a Valuation Date on which the rebalancing mechanism built in the relevant Index or Investment Strategy in respect of a Series of ETP Securities has been triggered by a change in the price of the corresponding Reference Asset of such Index or Investment Strategy by more than the relevant trigger level for the Index or Investment Strategy in accordance with its methodology.

  • Final Scheduled Maturity Date The Final Scheduled Maturity Date for each Class of Certificates is June 25, 2033, which corresponds to the "latest possible maturity date" for purposes of Section 860G(a)(1) of the Internal Revenue Code of 1986, as amended.

  • Increased Amount Date shall have the meaning provided in Section 2.14(a).

  • Class A-1 Final Scheduled Payment Date means the Payment Date occurring in August 2024.

  • Class A-2 Final Scheduled Payment Date means the Payment Date occurring in January 2025.

  • Class B Final Scheduled Payment Date means the Payment Date occurring in June 2021.

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • Scheduled Repayment shall have the meaning provided in Section 4.02(a).

  • Class A-1 Final Scheduled Distribution Date means the Distribution Date.

  • Scheduled Valuation Date means any original date that, but for the occurrence of an event causing a Disrupted Day, would have been a Valuation Date.

  • Monthly Date means the last Business Day of each calendar month.

  • Class A-2 Final Scheduled Distribution Date means the Distribution Date.

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • Final Scheduled Distribution Date means with respect to (i) the Class A-1 Notes, the February 8, 2017 Distribution Date, (ii) the Class A-2-A Notes, the June 10, 2019 Distribution Date, (iii) the Class A-2-B Notes, the June 10, 2019 Distribution Date, (iv) the Class A-3 Notes, the October 8, 2020 Distribution Date, (v) the Class B Notes, the March 8, 2021 Distribution Date, (vi) the Class C Notes, the January 10, 2022 Distribution Date, (vii) the Class D Notes, the February 8, 2022 Distribution Date and (viii) the Class E Notes, the September 8, 2023 Distribution Date.

  • Class C Final Scheduled Payment Date means the Payment Date occurring in January 2026.