Proposed Borrowing Base definition

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

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Proposed Borrowing Base has the meaning set forth in Section 2.8(d)(i).

Proposed Borrowing Base means any Borrowing Base proposed by the Administrative Agent pursuant to Section 2.4(c)(i).

Examples of Proposed Borrowing Base in a sentence

• If, in the case of any Proposed Borrowing Base that would decrease or maintain the Borrowing Base then in effect, at the end of such fifteen (15) days, any Lender has not communicated its approval or disapproval in writing to the Administrative Agent, such silence shall be deemed to be an approval of the Proposed Borrowing Base.

• If, in the case of any Proposed Borrowing Base that would increase the Borrowing Base then in effect, at the end of such fifteen (15) days, any Lender has not communicated its approval or disapproval in writing to the Administrative Agent, such silence shall be deemed to be a disapproval of the Proposed Borrowing Base.

• Upon receipt of the Proposed Borrowing Base Notice, each Lender shall have fifteen (15) days to agree with the Proposed Borrowing Base or disagree with the Proposed Borrowing Base by proposing an alternate Borrowing Base.

More Definitions of Proposed Borrowing Base

Proposed Borrowing Base is defined in Section 2.8.2.

Proposed Borrowing Base has the meaning assigned to such term in Section 3.03.

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

Proposed Borrowing Base means any Borrowing Base proposed by the Administrative Agent pursuant to Section 2.4(c)

Proposed Borrowing Base is defined in Section 2.16(c)(i).

Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i). “Proposed Borrowing Base Notice” has the meaning assigned to such term in Section 2.07(c)(ii). “Proved Developed Producing Reserves” or “PDP” means “proved developed producing oil and gas reserves” as such term is defined by the SEC in its standards and guidelines. “Proved Oil and Gas Properties” means Oil and Gas Properties to which Proved Reserves are attributed. References herein to the “total value” of Proved Oil and Gas Properties refer to the present value of the PDP that are attributed thereto in the then most recent Reserve Report plus risk-discounted portions (as determined by the Administrative Agent) of the present value of the Proved Reserves other than PDP that attributed thereto in such Reserve Report. 25

Proposed Borrowing Base means any Borrowing Base proposed by the Administrative Agent pursuant to Section 2.4(c)(i). “Proposed Borrowing Base Notice” has the meaning assigned to such term in Section 2.4(c)(ii).