Common use of Prepayment elections Clause in Contracts

Prepayment elections. If Borrower elects (or is deemed to have elected) to prepay an amount in accordance with Section 2.9(e)(i)(A) above, then Borrower may make such prepayment in one installment within 90 days after Borrower’s receipt of the Borrowing Base Deficiency Notice or, provided no Default has occurred and is continuing, in 6 equal consecutive monthly installments beginning within 30 days after Borrower’s receipt of the Borrowing Base Deficiency Notice and continuing on the same day of each month thereafter.

Appears in 5 contracts

Samples: Credit Agreement (Granite Ridge Resources, Inc.), Credit Agreement (Granite Ridge Resources, Inc.), Credit Agreement (Granite Ridge Resources, Inc.)

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Prepayment elections. If Borrower elects (or is deemed to have elected) to prepay an amount in accordance with Section 2.9(e)(i)(A4.06(a)(i) above, then Borrower may make such prepayment in one installment within 90 forty-five (45) days after Borrower’s receipt of the Borrowing Base Deficiency Notice or, provided no Default has occurred and is continuing, or in 6 six (6) equal consecutive monthly installments beginning within 30 forty-five (45) days after Borrower’s receipt of the Borrowing Base Deficiency Notice and continuing on the same day of each month thereafter.

Appears in 4 contracts

Samples: Credit Agreement (Gulfport Energy Corp), Credit Agreement (Gulfport Energy Corp), Credit Agreement (Gulfport Energy Corp)

Prepayment elections. If Borrower elects (or is deemed to have elected) to prepay an amount in accordance with Section 2.9(e)(i)(A2.8(e)(i)(A) above, then Borrower may make such prepayment in one (1) installment within 90 30 days after Borrower’s receipt of the Borrowing Base Deficiency Notice or(and if any Borrowing Base Deficiency remains after prepaying all Loans as a result of L/C Obligations, Cash Collateralize such excess as provided no Default has occurred and is continuing, in 6 Section 2.5) or in six (6) equal consecutive monthly installments beginning within 30 days after Borrower’s receipt of the Borrowing Base Deficiency Notice and continuing on the same day of each month thereafter.

Appears in 3 contracts

Samples: Credit Agreement (Peak Resources LP), Credit Agreement (Granite Ridge Resources, Inc.), Credit Agreement (Granite Ridge Resources, Inc.)

Prepayment elections. If Borrower elects (or is deemed to have elected) to prepay an amount in accordance with Section 2.9(e)(i)(Aclause (f)(i)(A) above, then Borrower may make such prepayment in one installment within 90 45 days after Borrower’s receipt notice of the Borrowing Base Deficiency Notice its election (or date of deemed election) or, provided if no Event of Default has occurred and is continuingexists, in 6 six equal consecutive monthly installments beginning within 30 45 days after Borrower’s receipt notice of the Borrowing Base Deficiency Notice its election (or date of deemed election) and continuing on the same day of each month thereafter.

Appears in 2 contracts

Samples: Credit Agreement (Lonestar Resources US Inc.), Credit Agreement (Lonestar Resources US Inc.)

Prepayment elections. If Borrower elects Borrowers elect (or is are deemed to have elected) to prepay an amount in accordance with Section 2.9(e)(i)(A1.3(d)(i)(A) above, then Borrower Borrowers may make such prepayment in one installment within 90 thirty (30) days after Borrower’s receipt of the Borrowing Base Deficiency Notice deficiency notice or, provided no Default default or events of default has occurred and is continuingcontinuing hereunder, in 6 three (3) equal consecutive monthly installments beginning within 30 thirty (30) days after Borrower’s Borrowers’ receipt of the Borrowing Base Deficiency Notice deficiency notice and continuing on the same day of each month thereafter.

Appears in 1 contract

Samples: Loan Agreement (Mexco Energy Corp)

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Prepayment elections. If Borrower elects (or is deemed to have elected) to prepay an amount in accordance with Section 2.9(e)(i)(Aclause (f)(i)(A) above, then Borrower may make such prepayment in one installment within 90 45 days after Borrower’s receipt 's notice of the Borrowing Base Deficiency Notice its election (or date of deemed election) or, provided if no Event of Default has occurred and is continuingexists, in 6 six equal consecutive monthly installments beginning within 30 45 days after Borrower’s receipt 's notice of the Borrowing Base Deficiency Notice its election (or date of deemed election) and continuing on the same day of each month thereafter.

Appears in 1 contract

Samples: Credit Agreement (Lonestar Resources US Inc.)

Prepayment elections. If Borrower elects (or is deemed to have elected) to prepay an amount in accordance with Section 2.9(e)(i)(A4.06(a)(i) above, then Borrower may make such prepayment in one installment within 90 thirty (30) days after Borrower’s 's receipt of the Borrowing Base Deficiency Notice or, provided no Default has occurred and is continuing, or in 6 six (6) equal consecutive monthly installments beginning within 30 thirty (30) days after Borrower’s 's receipt of the Borrowing Base Deficiency Notice and continuing on the same day of each month thereafter.

Appears in 1 contract

Samples: Credit Agreement (Samson Oil & Gas LTD)

Prepayment elections. If Borrower elects the Borrowers elect (or is are deemed to have elected) to prepay an amount in accordance with Section 2.9(e)(i)(A2.7(d)(i)(A) above, then Borrower the Borrowers may make such prepayment in one installment within 90 thirty (30) days after Borrower’s the Borrowers’ receipt of the Borrowing Base Deficiency Notice deficiency notice or, provided no Event of Default has occurred and is continuingcontinuing hereunder, in 6 three (3) equal consecutive monthly installments beginning within 30 thirty (30) days after Borrower’s the Borrowers’ receipt of the Borrowing Base Deficiency Notice deficiency notice and continuing on the same day of each month thereafter.

Appears in 1 contract

Samples: Loan Agreement (Mexco Energy Corp)

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