Non-Borrowing Base Properties definition

Non-Borrowing Base Properties means (i) prior to the Discharge of First Lien First Out Obligations, all Oil and Gas Properties of the Credit Parties that are not included in the Borrowing Base (as determined in accordance with the First Lien First Out Credit Agreement) and (ii) following the Discharge of First Lien First Out Obligations, all Midstream Assets, Power Assets and Hydrocarbon Interests and other assets to which no reserves are attributable; provided, for the avoidance of doubt, prior to the Discharge of First Lien First Out Obligations any Midstream Assets and Power Assets shall constitute Non-Borrowing Base Properties.
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Non-Borrowing Base Properties means, collectively, each Real Property owned or leased by any Borrower Group Entity other than a Borrowing Base Property; the Non-Borrowing Base Properties are individually referred to as a “Non-Borrowing Base Property”.
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Examples of Non-Borrowing Base Properties in a sentence

  • From and after the Fifth Amendment Effective Date, the Borrower shall use its commercially reasonable efforts to provide to the Administrative Agent information regarding the Non-Borrowing Base Properties as reasonably requested by the Administrative Agent in connection with customary due diligence undertaken on behalf of the Lenders.

Related to Non-Borrowing Base Properties

  • 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 Property means any one of the Borrowing Base Properties.

  • Borrowing Base Assets means a collective reference to all Borrowing Base Assets in existence at any given time.

  • 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.

  • Unencumbered Properties means each Acceptable Property that either (a) is an Initial Unencumbered Property or (b) becomes an Unencumbered Property pursuant to Section 4.03, and “Unencumbered Property” means any one of the Unencumbered Properties.

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

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

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

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

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

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

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

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

  • 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.

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

  • Mortgaged Real Property means any parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

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

  • Subject Properties has the meaning specified in Section 5.13(a).

  • 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.

  • Hotel Property means a Property on which there is located an operating hotel.

  • 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.

  • Collateral Pool means the aggregate total of the Collateral.

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.

  • Unencumbered Property means any one of the Unencumbered Properties.

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.