Swap Contract and Asset Disposition Adjustment Sample Clauses

Swap Contract and Asset Disposition Adjustment. In addition to Scheduled Redeterminations and Special Redeterminations, the Borrowing Base shall reduce simultaneously with (i) the completion by any Loan Party of any Asset Disposition or (ii) any Swap Termination the value of which Swap Contract was used in the most recent determination of the Borrowing Base, in each case by (x) the Borrowing Base value of the Borrowing Base Properties which are subject to such Asset Disposition (which shall be the Borrowing Base value assigned thereto by Administrative Agent in the most recent Redetermination, and which, in the case of any exchange, shall be the net reduction in the Borrowing Base value realized or resulting from such exchange) or (y) the Swap Termination Value of such Swap Contract, as applicable; provided, however, so long as no Borrowing Base Deficiency exists immediately prior to such Asset Disposition or such Swap Termination, as applicable, such reduction in the Borrowing Base shall not occur unless and until the aggregate Borrowing Base value of all Borrowing Base Properties subject to Asset Dispositions and the Swap Termination Value in respect of Swap Terminations since the most recent Redetermination (the “Aggregate Disposition Value”) equals or exceeds 10% of the total amount of the Borrowing Base in effect at the most recent Redetermination; provided, further, that if an Asset Disposition or Swap Termination would result in the Aggregate Disposition Value exceeding 10% of the Borrowing Base in effect at the most recent Redetermination, Required Lenders may require a Special Redetermination according to Section 2.15(c) as a condition to such Asset Disposition or Swap Termination, which shall be in addition to the number of allowed Special Redeterminations under Section 2.15(c).
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Swap Contract and Asset Disposition Adjustment. In addition to Scheduled Redeterminations and Special Redeterminations, the Borrowing Base shall reduce simultaneously with (i) the completion by any Asset Disposition or (ii) the termination of any Swap Contract the value of which was used in the determination of the Borrowing Base, in each case by (x) portion of the Borrowing Base attributable to the Borrowing Base Properties which are subject to such Asset Disposition (which shall be 40% of the Borrowing Base value of such Borrowing Base Properties (without reduction for the value of the Net Profits Interest) assigned thereto by the Administrative Agent and approved by Required Lenders, and which, in the case of any exchange, shall be the net reduction in the Borrowing Base (40% of the value of the Borrowing Base Properties (without reduction for the value of the Net Profits Interest) realized or resulting from such exchange) or (y) the Swap Termination Value of such Swap Contract, as applicable.
Sample 1

Related to Swap Contract and Asset Disposition Adjustment

  • Asset Dispositions Make any Asset Disposition except:

  • Cross-Collateralization; Adjustments to Available Funds (a) On each Distribution Date prior to the earlier of the Senior Credit Support Depletion Date and the second Senior Termination Date, but after a Senior Termination Date, the Trustee shall distribute the principal portion of Available Funds on the Mortgage Loans relating to such Senior Certificates that will have been paid in full, to the holders of the Senior Certificates of the other Certificate Groups, pro rata, based on their Class Certificate Balances, provided, however, that the Trustee shall not make such distribution on such Distribution Date if (a) the Aggregate Subordinated Percentage for such Distribution Date is greater than or equal to 200% of such Aggregate Subordinated Percentage as of the Closing Date and (b) the average Stated Principal Balance of the Mortgage Loans in each Loan Group delinquent 60 days or more over the last six months, as a percentage of the aggregate Class Certificate Balance of the Subordinated Certificates, is less than 50%.

  • Asset Dispositions, etc The Borrower will not, and will not permit any of its Subsidiaries to, sell, transfer, contribute or otherwise convey, or grant options, warrants or other rights with respect to, any material asset (including accounts receivable and capital stock of Principal Subsidiaries) to any Person, except:

  • Asset Disposition If the Borrower or any of its Subsidiaries (other than a Financing Subsidiary) Disposes of any property which results in the receipt by such Person of Net Cash Proceeds in excess of $2,000,000 in the aggregate since the applicable Commitment Termination Date, the Borrower shall prepay an aggregate principal amount of such Loans owed to such Lender or Lenders equal to 100% of such Net Cash Proceeds no later than the fifth Business Day following the receipt of such Net Cash Proceeds (such prepayments to be applied as set forth in Section 2.09(b)).

  • Purchase Price Credit Adjustments If on any day:

  • Capitalization Adjustments The number of Shares subject to the Option and the exercise price per Share shall be equitably and appropriately adjusted as provided in Section 12.2 of the Plan.

  • Dilution Adjustments The Exchange Rate, Appreciation Threshold Price and Initial Price shall be subject to adjustment from time to time as follows:

  • Escalation Adjustments The base airframe and special features price will be escalated according to the applicable airframe and engine manufacturer escalation provisions contained in Exhibit D of the Agreement. Buyer agrees that the engine escalation provisions will be adjusted if they are changed by the engine manufacturer prior to signing the Option Aircraft Supplemental Agreement. In such case, the then-current engine escalation provisions in effect at the time of execution of the Option Aircraft Supplemental Agreement will be incorporated into such agreement.

  • Anti-Dilution Adjustments; Distributions; Other Events The Exercise Price and the number of Warrant Shares issuable hereunder shall be subject to adjustment from time to time as provided in this Section 6. In the event that any adjustment of the Exercise Price required herein results in a fraction of a cent, the Exercise Price shall be rounded up or down to the nearest one hundredth of a cent.

  • Anti-Dilution Adjustments For all purposes of this Section 3.10, the number of shares of Class A Common Stock and the corresponding number of Common Units shall be determined after giving effect to all anti-dilution or similar adjustments that are applicable, as of the date of exercise or vesting, to the option, warrant, restricted stock or other equity interest that is being exercised or becomes vested under the applicable Stock Option Plan or other Equity Plan and applicable award or grant documentation.

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