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Lenders approve Sample Clauses

Lenders approve. Other than in the case of a Hedging Desktop Banking Case, if the Majority Lenders approve, or are deemed to have approved (as the case may be): (a) the use of each of the Assumptions for the preparation of the relevant Banking Case (other than a Hedging Desktop Banking Case); and/or (b) the use of each of the Baobab FPSO Renovation Desktop Assumptions for the preparation of the relevant Banking Case if it is a Baobab FPSO Renovation Desktop Banking Base; and/or (c) any Hydrocarbon Asset being designated a Borrowing Base Asset and the conditions precedent relating thereto; and/or (d) any existing Borrowing Base Asset ceasing to be designated a Borrowing Base Asset and the conditions precedent relating thereto, then (as the case may be): (i) the draft Banking Case shall be adopted as the current Banking Case in accordance with Clause 6.9 (Adoption of Banking Cases); and/or (ii) the relevant Hydrocarbon Asset shall become a Borrowing Base Asset (upon satisfaction of relevant conditions precedent) pursuant to Clause 6.9 (Adoption of Banking Cases); and/or (iii) the relevant existing Borrowing Base Asset shall cease to be a Borrowing Base Asset (upon satisfaction of relevant conditions precedent) pursuant to Clause 6.9 (Adoption of Banking Cases).
Sample 1Sample 2
Lenders approve. If the Majority Lenders approve, or are deemed to have approved pursuant to paragraph (D) of Clause 17.7 (Consideration of Draft Forecast by Xxxxxxx): (A) the use of each of the Forecast Assumptions for the preparation of the relevant Forecast; (B) any Hydrocarbon asset being designated a Borrowing Base Asset and the conditions precedent relating thereto; and/or (C) any existing Borrowing Base Asset ceasing to be so designated and the conditions precedent relating thereto, then (as the case may be): (i) the draft Forecast shall be adopted as the current Forecast in accordance with Clause 17.10 (Adoption of Forecasts); (ii) the relevant Hydrocarbon asset shall become a Borrowing Base Asset pursuant to Clause 17.10 (Adoption of Forecasts); and/or (iii) the relevant existing Borrowing Base Asset shall cease to be a Borrowing Base Asset pursuant to Clause 17.10 (Adoption of Forecasts).
Sample 1
Lenders approve. If (as the case may be) the Majority Lenders approve, or are deemed to have approved: (a) the use of each of the Assumptions for the preparation of the relevant Banking Case; and/or (b) any Increased Field Interest being designated as part of the Borrowing Base Asset and the CPs relating thereto; and/or (c) the relevant part of the Borrowing Base Asset ceasing to be so designated and the CPs relating thereto, then (as the case may be): (d) the draft Banking Case shall be adopted as the current Banking Case in accordance with Clause 6.9 (Adoption of Banking Cases); and/or (e) the Increased Field Interest shall be designated as part of the Borrowing Base Asset in accordance with Clause 6.9 (Adoption of Banking Cases); and/or (f) the relevant part of the Borrowing Base Asset shall cease to be so designated in accordance with Clause 6.9 (Adoption of Banking Cases).
Sample 1
Lenders approve. If (as the case may be):
Sample 1
Lenders approve. If (as the case may be): 7.7.1 the Majority Lenders approve, or are deemed to have approved, the use of each of the Assumptions for the preparation of the relevant Projection; and/or 7.7.2 the Majority Lenders approve, or are deemed to have approved, any Petroleum Asset being designated a Borrowing Base Asset and the CPs relating thereto; and/or 7.7.3 the Majority Lenders approve, or are deemed to have approved, any existing Borrowing Base Asset ceasing to be so designated and the CPs relating thereto and/or 7.7.4 the Majority Lenders approve, or are deemed to have approved, any proposed Economic Assumption submitted pursuant to Clause 7.4.2 (Preparatory steps), then (as the case may be): 7.7.5 the draft Projection shall be adopted in accordance with Clause 7.9 (Adoption of Projections); and/or 7.7.6 the draft Projection shall be adopted in accordance with Clause 7.9 (Adoption of Projections) and the proposed new Petroleum Asset shall become a Borrowing Base Asset (upon satisfaction of such CPs); and/or 7.7.7 the draft Projection shall be adopted in accordance with Clause 7.9 (Adoption of Projections) and the relevant existing Borrowing Base Asset shall cease to be a Borrowing Base Asset (upon satisfaction of such CPs); and/or 7.7.8 the relevant proposed Economic Assumption submitted pursuant to Clause 7.4.2 (Preparatory steps) shall be used in the preparation of the relevant draft Projection.
Sample 1
Lenders approve. If the Majority Lenders approve, or are deemed to have approved, the use of each of the Assumptions for the preparation of the relevant Projection then the draft Projection shall be adopted as the current Projection in accordance with Clause 7.9 (Adoption of Projections).
Sample 1
Lenders approve. If (as the case may be): (a) the Majority Lenders approve, or are deemed to have approved, the use of each of the Assumptions for the preparation of the relevant Projection; and/or (b) the Technical Bank and Majority Lenders approve, or are deemed to have approved, any Petroleum Asset being designated a Borrowing Base Asset and the conditions relating thereto; and/or (c) the Majority Lenders approve, or are deemed to have approved, any existing Borrowing Base Asset ceasing to be so designated and the conditions relating thereto, then (as the case may be): (a) the draft Projection shall be adopted in accordance with Clause 6.10 (Adoption of Projection) as the current Projection for the purposes of this Agreement; 118798-4-1-v6.0 - 38 - 70-40539524 (b) the proposed new Petroleum Asset shall become a Borrowing Base Asset (upon satisfaction of the relevant conditions); and/or (c) the relevant existing Borrowing Base Asset shall cease to be a Borrowing Base Asset (upon satisfaction of such the relevant conditions).
Sample 1
Lenders approve. If (as the case may be): 7.7.1 the Majority Lenders approve, or are deemed to have approved, the use of each of the Assumptions for the preparation of the relevant Projection; and/or 7.7.2 the Majority Lenders approve, or are deemed to have approved, any Petroleum Asset being designated a Borrowing Base Asset and the CPs relating thereto; and/or 7.7.3 the Majority Lenders approve, or are deemed to have approved, any existing Borrowing Base Asset ceasing to be so designated and the CPs relating thereto, then (as the case may be): 7.7.4 the draft Projection shall be adopted pursuant to Clause 7.9 (Adoption of Projections); and/or 7.7.5 the proposed new Petroleum Asset shall become a Borrowing Base Asset (upon satisfaction of such CPs); and/or 7.7.6 the relevant existing Borrowing Base Asset shall cease to be a Borrowing Base Asset (upon satisfaction of such CPs).
Sample 1

Related to Lenders approve

  • Agent’s Review of Proposed Amendments and Supplements Prior to amending or supplementing the Registration Statement (including any registration statement filed under Rule 462(b) under the Securities Act) or the Prospectus (excluding any amendment or supplement through incorporation of any report filed under the Exchange Act), the Company shall furnish to the Agent for review, a reasonable amount of time prior to the proposed time of filing or use thereof, a copy of each such proposed amendment or supplement, and the Company shall not file or use any such proposed amendment or supplement without the Agent’s prior consent, and to file with the Commission within the applicable period specified in Rule 424(b) under the Securities Act any prospectus required to be filed pursuant to such Rule.

  • Underwriter’s Review of Proposed Amendments and Supplements During the period beginning at the Applicable Time and ending on the later of the Closing Date or such date as, in the opinion of counsel for the Underwriters, the Prospectus is no longer required by law to be delivered in connection with sales by the Underwriters or selected dealers, including under circumstances where such requirement may be satisfied pursuant to Rule 172 under the Securities Act (the “Prospectus Delivery Period”), prior to amending or supplementing the Registration Statement or the Prospectus, including any amendment or supplement through incorporation by reference of any report filed under the Exchange Act, the Company shall furnish to the Underwriters for review a copy of each such proposed amendment or supplement, and the Company shall not file any such proposed amendment or supplement to which the Underwriters reasonably objects.

Most Referenced Clauses

Most Referenced Definitions