Notice of Casualty Events. Prompt written notice, and in any event within three Business Days (or such later date as the Administrative Agent may agree to in its sole discretion), of the occurrence of any Casualty Event in respect of Borrowing Base Properties having an aggregate value in excess of 5% of the Borrowing Base in effect immediately prior to such Casualty Event.
Appears in 5 contracts
Samples: Credit Agreement (Gulfport Energy Corp), Credit Agreement (Northern Oil & Gas, Inc.), Credit Agreement (Northern Oil & Gas, Inc.)
Notice of Casualty Events. Prompt written notice, and in any event within three Business Days (or such later date as of the Administrative Agent may agree to in its sole discretion)Borrower obtaining knowledge, of the occurrence of any Casualty Event or the commencement of any action or proceeding that could reasonably be expected to result in a Casualty Event, in each case with respect to Property of Borrowing Base Properties any Credit Party having an aggregate fair market value in excess of 5% of the Borrowing Base in effect immediately prior to such Casualty Event$1,000,000.
Appears in 3 contracts
Samples: Credit Agreement (HighPeak Energy, Inc.), Credit Agreement (HighPeak Energy, Inc.), Credit Agreement (HighPeak Energy, Inc.)
