Debt Threshold. Borrower shall not permit the total Outstanding Debt to exceed sixty million dollars ($60,000,000).
Debt Threshold. Section 7.11 of the Credit Agreement is deleted in its entirety and replaced with the following:
Debt Threshold. Permit the total Outstanding Debt to exceed forty-five million dollars ($45,000,000).
Debt Threshold. 57 Section 7.12 Senior Credit Facility...................................................................... 57 Section 7.13 Quarterly Production Levels and Net Operating Cash Flow..................................... 57 Section 7.14 General and Administrative Expenses......................................................... 57 Section 7.15 Other....................................................................................... 57 Section 7.16 Proceeds of Term Loan....................................................................... 58 Section 7.17 Limitation on Leases........................................................................ 58 Section 7.18 Nature of Business.......................................................................... 58 Section 7.19 POG......................................................................................... 59
Debt Threshold. Permit the combined amount of Outstanding Debt pursuant to the Senior Credit Facility and this Agreement plus the combined committed but undrawn amounts under the Senior Credit Facility and this Agreement (but excluding that undrawn amount which represents twenty percent (20%) of the Senior Credit Facility "borrowing base" which must remain undrawn at all times by Borrower) to exceed, in the aggregate, twenty-five million dollars ($25,000,000.00); provided, however, for the purpose of computing the limitation under this Section 7.11, "committed but undrawn amounts" under this Agreement will be included in the calculation only to the extent Borrower is permitted to draw such amounts and Lenders are permitted to advance such amounts under the terms of the Senior Credit Facility and the Intercreditor Agreement.
Debt Threshold. At the Effective Time, Gran Tierra’s Debt is $nil. The conditions in this Section 6.2 are for the exclusive benefit of Solana and may be asserted by Solana regardless of the circumstances or may be waived by Solana in its sole discretion, in whole or in part, at any time and from time to time without prejudice to any other rights which Solana may have.
Debt Threshold. At the Effective Time, Solana’s Debt is $nil;
Debt Threshold. At the Effective Time, Solitario Debt is no more than $10,000,000.
Debt Threshold. At the Effective Time, MVG Debt is $nil.
