Common use of Initial Budget Clause in Contracts

Initial Budget. The Administrative Agent shall have received the initial Budget for the 13-week period following the Effective Date (the “Initial Budget”) which shall be in form and substance satisfactory to the Administrative Agent, together with a Budget Certificate.

Appears in 2 contracts

Samples: Credit Agreement (Sundance Energy Inc.), Restructuring Support Agreement (Sundance Energy Inc.)

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Initial Budget. The Administrative Agent shall have received the initial Budget for the 13-week period following the Effective Date (the “Initial Budget”) Closing Date, which shall be in a form and substance satisfactory to the Administrative AgentAgent in its reasonable discretion and in substance reasonably acceptable to the Administrative Agent and the Financial Advisor, together with a Budget Certificate.

Appears in 1 contract

Samples: Credit Agreement (Halcon Resources Corp)

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Initial Budget. The Administrative Agent shall have received the initial Budget for the 13-week period following the Interim Facility Effective Date Date, which shall be in a form satisfactory to the Administrative Agent in its reasonable discretion and in substance reasonably acceptable to the Administrative Agent and the Financial Advisor (the “Initial Budget”) which shall be in form and substance satisfactory to the Administrative Agent), together with a certificate of the Borrower stating that such Initial Budget Certificatehas been prepared on a reasonable basis and in good faith and is based on assumptions believed by the Borrower to be reasonable at the time made and from the best information then available to the Borrower.

Appears in 1 contract

Samples: Possession Credit Agreement (Lilis Energy, Inc.)

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