Common use of Borrowing Base Deficiency Clause in Contracts

Borrowing Base Deficiency. Subject to Section 2.05(b)(ii), if a Borrowing Base Deficiency exists, then after receipt of written notice from the Administrative Agent regarding such deficiency, the Borrower shall,

Appears in 7 contracts

Samples: Credit Agreement (Abraxas Petroleum Corp), Credit Agreement (Abraxas Petroleum Corp), Credit Agreement (Abraxas Petroleum Corp)

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Borrowing Base Deficiency. Subject to Section Sections 2.05(b)(ii), (iii), and (iv), if a Borrowing Base Deficiency exists, then after receipt of written notice from the Administrative Agent regarding such deficiency, the Borrower shall,

Appears in 3 contracts

Samples: 4 and Borrowing Base Agreement (TXO Partners, L.P.), Credit Agreement (TXO Partners, L.P.), Credit Agreement (MorningStar Partners, L.P.)

Borrowing Base Deficiency. Subject to Section 2.05(b)(ii) and Section 2.05(b)(v), if a Borrowing Base Deficiency exists, then after receipt of written notice from the Administrative Agent regarding such deficiency, the Borrower shall,

Appears in 2 contracts

Samples: Credit Agreement (Isramco Inc), Credit Agreement (Abraxas Petroleum Corp)

Borrowing Base Deficiency. Subject to If at any time, other than as set forth in Section 2.05(b)(ii2.3(b) or Section 2.3(d), if a Borrowing Base Deficiency existsshall occur, then after receipt of written upon notice from the Administrative Agent regarding such of the deficiency, the Borrower shall,shall either:

Appears in 2 contracts

Samples: Credit Agreement (Warren Resources Inc), Credit Agreement (Warren Resources Inc)

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Borrowing Base Deficiency. Subject to If at any time, other than as set forth in Section 2.05(b)(ii2.3(b) or Section 2.3(e), if a Borrowing Base Deficiency existsshall occur, then after receipt of written upon notice from the Administrative Agent regarding such of the deficiency, the Borrower shall,shall either:

Appears in 1 contract

Samples: Credit Agreement (Warren Resources Inc)

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