Reserve Report Certificate definition

Reserve Report Certificate means a certificate of an Authorized Officer in substantially the form of Exhibit A certifying as to the matters set forth in Section 9.14(c).
Reserve Report Certificate has the meaning set forth in Section 8.12(c).
Reserve Report Certificate has the meaning set forth in Section 5.2(c)(iii).

Examples of Reserve Report Certificate in a sentence

  • The Administrative Agent shall have received a completed Reserve Report Certificate duly executed by a Responsible Officer of the Borrower, dated as of the Closing Date.

  • Except as set forth on Schedule 7.18 or on the most recent Reserve Report Certificate, on a net basis there are no gas imbalances, take or pay or other prepayments which would require the Borrower and the Restricted Subsidiaries to deliver, in the aggregate, two percent (2%) or more of the monthly production from Hydrocarbons produced from the Oil and Gas Properties of the Borrower and the Restricted Subsidiaries at some future time without then or thereafter receiving full payment therefor.

  • Concurrent with delivery of each Reserve Report furnished pursuant to Section 8.07, a completed Reserve Report Certificate, duly executed by a Responsible Officer.

  • Except as set forth on Schedule 7.18 or on the most recent Reserve Report Certificate, on a net basis there are no take or pay or other prepayments which would require the Borrower or any of its Restricted Subsidiaries to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor.

  • The Administrative Agent shall make its evaluation of such request based upon such information and such other reports, data and supplemental information as may, from time to time, be reasonably requested by the Required Lenders (including the status of title information with respect to the Borrowing Base Properties and the existence of any Hedge Agreements) (the Reserve Report, the Reserve Report Certificate and such other reports, data and supplemental information being the “Engineering Reports”).


More Definitions of Reserve Report Certificate

Reserve Report Certificate means, with respect to any Reserve Report or Asset Coverage Reserve Report, a certificate from a Responsible Officer certifying that in all material respects: (a) such report is based on information reasonably available to the Borrower; (b) the Borrower or its Subsidiaries owns good and defensible title to the Oil and Gas Interests evaluated in such report (except any such Oil and Gas Interests that have been Disposed of since the date of such report as permitted by this Agreement) and such properties are free and clear of all Liens except for Liens permitted by Section 7.02; (c) except as set forth on an exhibit to the Reserve Report Certificate, on a net basis there are no gas imbalances, take-or-pay or other prepayments with respect to its Oil and Gas Interests evaluated in such report which would require the Borrower or any Subsidiary to deliver Hydrocarbons either generally or produced from Oil and Gas Interests at some future time without then or thereafter receiving full payment therefor; (d) except as set forth on an exhibit to the Reserve Report Certificate, none of the Borrower’s or its Subsidiaries’ Oil and Gas Interests have been Disposed of since the last delivery of the corresponding report, which exhibit shall describe in reasonable detail such Dispositions; (e) attached to the Reserve Report Certificate is a list of all Material Sales Contracts and all material marketing agreements; (f) the Borrower is in compliance with Section 6.09; and (g) except as set forth on an exhibit to the Reserve Report Certificate, all such properties are owned by the Borrower or a Guarantor.
Reserve Report Certificate means, collectively, the certificates from Borrower substantially in the form of Exhibit F.
Reserve Report Certificate shall have the meaning assigned to such term in Section 5.21(e).
Reserve Report Certificate has the meaning assigned to such term in Section 8.12(c) and is to be substantially in the form of Exhibit I.
Reserve Report Certificate means (a) any “Reserve Report Certificate” (as defined in the First Lien Credit Agreement), (b) any certificate delivered to the Administrative Agent, in form and substance satisfactory to the Administrative Agent in its sole discretion, pursuant to Section 9.14(b), (c) any other similar certification and (d) any other certification related to the Oil & Gas Properties of the Borrower or any other Credit Party (or prospective Oil and Gas Properties to be acquired) delivered to any agent, trustee, lender or noteholder under, of, or with respect to, the First Lien Facility, 2017 Unsecured Notes, the 2018 Unsecured Notes or any Material Indebtedness.
Reserve Report Certificate has the meaning assigned to such term in Section 8.12(c) and is to be substantially in the form of Exhibit I. “Responsible Officer” means, as to any Person, the chief executive officer, the president, any Financial Officer, chief operating officer, general counsel, or any vice president of such Person, and any other senior officer designated as such in writing to the Administrative Agent. Unless otherwise specified, all references to a Responsible Officer herein shall mean a Responsible Officer of the Borrower. “Restricted Payment” means any dividend or other distribution or return of capital (whether in cash, securities or other Property) with respect to any Equity Interests in any Person, or any payment (whether in cash, securities or other Property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Equity Interests. “Restricted Subsidiary” means any Subsidiary of the Borrower that is not an Unrestricted Subsidiary. “Revolving Credit Exposure” means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Loans and its LC Exposure at such time. “S&P” means Standard & Poor’s Ratings Group, a division of The XxXxxx-Xxxx Companies, Inc., and any successor thereto that is a nationally recognized rating agency. 28 007870-0083-15888-Active.27383864
Reserve Report Certificate means “Reserve Report Certificate” as defined in the ABL Credit Agreement (or any reserve report certificate delivered to the ABL Facility Administrative Agent and acceptable to the ABL Facility Administrative Agent as a “Reserve Report Certificate” under the ABL Credit Agreement).