Borrowing Base Amendment definition

Borrowing Base Amendment means an amendment to this Agreement ------------------------ satisfactory to the Agent and the Borrower to be executed and delivered prior to the entry of the Final Order.
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Borrowing Base Amendment means that certain First Amendment, dated as of February 10, 2003 to the Revolving Credit, Term Loan and Guaranty Agreement.
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Borrowing Base Amendment has the meaning assigned to such term in the definition of Borrowing Base.
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Examples of Borrowing Base Amendment in a sentence

  • At no time shall the sum of the then outstanding aggregate principal amount of the Tranche A Loans plus the then LC Exposure exceed the lesser of (i) the Total Tranche A Commitment of $300,000,000, as the same may be reduced from time to time pursuant to Sections 2.12 and 2.13 and (ii) from and after the execution and delivery of the Borrowing Base Amendment, the Borrowing Base.

  • From and after the execution and delivery of the Borrowing Base Amendment, the Agent shall have received the timely delivery of the most recent Borrowing Base Certificate (dated no more than seven (7) days prior to the making of a Loan or the issuance of a Letter of Credit) required to be delivered hereunder.

  • Notwithstanding any other provision of this Agreement to the contrary, the aggregate principal amount of all outstanding Tranche A Loans plus the LC Exposure at such time (in excess of the amount of cash then held in the Letter of Credit Account pursuant to Section 2.03(j)) shall not at any time after the execution and delivery of the Borrowing Base Amendment exceed the Borrowing Base, and no Tranche A Loan shall be made or Letter of Credit issued in violation of the foregoing.


More Definitions of Borrowing Base Amendment

Borrowing Base Amendment means that certain First Amendment, dated as of February 28, 2005 to the Agreement.
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Borrowing Base Amendment means an amendment to this Agreement satisfactory to the Initial Banks and the Borrower to be executed within the later to occur of (i) two (2) weeks after the first to occur of the making of the initial Loans hereunder or under the Interim Order or the issuance of the initial Letter of Credit hereunder and (ii) one (1) week following the date upon which the Agent shall have provided a draft of the Borrowing Base Amendment to the Borrower.
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Borrowing Base Amendment means an amendment to this Agreement reasonably satisfactory to the Initial Lenders to be executed and delivered prior to entry of the Final Order pursuant to which aggregate availability under the Revolving Credit Facility will not be permitted to exceed the Borrowing Base.
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Borrowing Base Amendment means an amendment to this Agreement satisfactory to the Agent and the Borrower to be executed and delivered no later than three Business Days after entry of the Final Order.
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Borrowing Base Amendment shall be an amendment to this Credit Agreement executed by the Borrower and the Required Banks, which inter alia, shall define the Borrowing Base on a mutually agreeable basis.
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Borrowing Base Amendment and "Borrowing Base Certificate" set forth in Section 1.01 of the Credit Agreement are hereby amended in their entirety to read as follows:
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Related to Borrowing Base Amendment

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

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

  • 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.

  • Incremental Facility Amendment has the meaning assigned to such term in Section 2.20(f).

  • Borrowing Base Amount means:

  • Borrowing Base Report means a Borrowing Base Report for the Borrower signed by an Authorized Signatory of the Borrower and in substantially the form of Exhibit D attached hereto.

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Agent and the Borrower, among the Borrower, the Agent and one or more Incremental Lenders, establishing Incremental Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.18.

  • 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.

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

  • Permitted Amendment means, with respect to any Shared-Loss Loan Commitment or Shared-Loss Loan, any amendment, modification, renewal or extension thereof, or any waiver of any term, right, or remedy thereunder, made by the Assuming Bank in good faith and otherwise in accordance with the applicable requirements set forth in Article III of this Commercial Shared-Loss Agreement and the then effective written internal credit policy guidelines of the Assuming Bank; provided, that:

  • 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:

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

  • Borrowing Base Test means a test that will be satisfied on any date of determination if the following is true: Where: AR =57%.

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

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

  • Commitment Increase Supplement as defined in subsection 2.20(c).

  • 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.

  • Facility Increase has the meaning provided in Section 2.15(a).

  • Restricted Amendment means the following: (A) an amendment of Specification 1, (B) except to the extent addressed in Section 2.10 hereof, an amendment that specifies the price charged by Registry Operator to registrars for domain name registrations, (C) an amendment to the definition of Registry Services as set forth in the first paragraph of Section 2.1 of Specification 6, or (D) an amendment to the length of the Term.

  • Borrowing Base Property means Eligible Property and/or Commercial Land that the Administrative Agent has agreed to include in calculations of the Borrowing Base pursuant to Section 4.1. A Property shall be excluded from the determination of the Borrowing Base if at any time such Property shall cease to be an Eligible Property.

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

  • Borrowing Base Certificate means a certificate, signed and certified as accurate and complete by a Financial Officer of the Borrower Representative, in substantially the form of Exhibit C or another form which is acceptable to the Administrative Agent in its sole discretion.

  • Canadian Borrowing Base means at any time an amount equal to the sum of the Dollar Equivalent of, without duplication:

  • Incremental Facility has the meaning specified in Section 2.16(a).