Special Determinations of Maximum Borrowing Base Sample Clauses

Special Determinations of Maximum Borrowing Base. Special ------------------------------------------------ determinations of the Maximum Borrowing Base may be requested by the Borrowers or the Lender at any time during the term hereof; provided, however, that there -------- ------- shall be no more than an aggregate of three (3) scheduled determinations and special determinations in any calendar year. If any special determination is requested by the Borrowers, it shall be accompanied by such information regarding the Borrowers' businesses (including the Mineral Interests and the Proven Reserves and production relating thereto) as the Lender may reasonably request, including without limitation a Reserve Report to be delivered at least forty-five (45) days prior to the requested date of redetermination. Borrowers shall pay the Lender an engineering fee of $5,000 with respect to the third determination or redetermination to occur in each calendar year. If any special determination is requested by the Lender, the Borrowers shall provide the Lender with a Reserve Report as soon as possible following the request; provided, however, (x) in no -------- ------- event shall Borrowers be required to pay Lender the $5,000 engineering fee referred to in this SECTION 2.2(c) as a result of Lender's request and (y) such -------------- special determination shall not be counted as a special determination for purposes of the first sentence of this SECTION 2.2(c). The determination -------------- whether to increase or decrease the Maximum Borrowing Base shall then be made by the Lender in its sole discretion in accordance with the standards set forth in SECTION 2.2 hereof. The Lender shall promptly notify the Borrowers of the ----------- redetermination of Maximum Borrowing Base pursuant to SECTION 2.2(d) and the -------------- amount of the Maximum Borrowing Base as so redetermined. In the event of any special determination of the Maximum Borrowing Base pursuant to this SECTION ------- 2.2(c), the Lender in the exercise of its discretion may suspend the next ------ regularly scheduled determination of the Maximum Borrowing Base.
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Related to Special Determinations of Maximum Borrowing Base

  • Minimum Borrowing Amounts; Maximum Eurodollar Loans Each Borrowing of Base Rate Loans advanced under the applicable Facility shall be in an amount not less than $1.0 million or such greater amount that is an integral multiple of $1.0 million. Each Borrowing of Eurodollar Loans advanced, continued or converted under the applicable Facility shall be in an amount equal to $1.0 million or such greater amount that is an integral multiple of $1.0 million. Without the Administrative Agent’s consent, there shall not be more than fifteen (15) Borrowings of Eurodollar Loans outstanding at any one time.

  • Determination of Borrowing Base The Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base Certificate and Monthly Servicing Report delivered to the Administrative Agent.

  • Minimum Borrowing Amounts, etc The aggregate principal amount of each Borrowing of Loans shall not be less than the Minimum Borrowing Amount applicable to Borrowings of the respective Type and Tranche of Loans to be made or maintained pursuant to the respective Borrowing. More than one Borrowing may be incurred on any day, but at no time shall there be outstanding more than 35 Borrowings of Eurodollar Loans.

  • Maximum Borrowing Amounts (a) The Total Japan Local Currency Commitment, and the Japan Local Currency Commitment for each Japan Local Currency Bank party to this Addendum as of the date hereof, are set forth on Schedule I.

  • Minimum Amounts and Maximum Number of Eurodollar Tranches Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions, continuations and optional prepayments of Eurodollar Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof and (b) no more than ten Eurodollar Tranches shall be outstanding at any one time.

  • Minimum Borrowing Amounts Each Borrowing of Base Rate Loans and Eurodollar Loans shall be in an amount not less than (i) if such Borrowing is comprised of a Borrowing of Base Rate Loans, $1,000,000 and integral multiples of $500,000 in excess thereof, and (ii) if such Borrowing is comprised of a Borrowing of Eurodollar Loans, $2,000,000 and integral multiples of $1,000,000 in excess thereof.

  • Minimum Amount of Each Borrowing; Maximum Number of Borrowings The aggregate principal amount of each Borrowing of Loans shall be in a multiple of $100,000 and shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on any date; provided that at no time shall there be outstanding more than four (4) Borrowings of LIBOR Loans under this Agreement.

  • Calculation of Borrowing Base For purposes of this Agreement, the “Borrowing Base” shall be determined, as at any date of determination, as the sum of the products obtained by multiplying (x) the Value of each Eligible Portfolio Investment by (y) the applicable Advance Rate; provided that:

  • Determinations of Initial Borrowing Conditions For purposes of determining compliance with the conditions specified in Section 3.1, each Lender shall be deemed to be satisfied with each document and each other matter required to be satisfactory to such Lender unless, prior to the Closing Date, the Administrative Agent receives notice from such Lender specifying such Lender’s objections and such Lender has not made available its Pro Rata Share of any Borrowing scheduled to be made on the Closing Date.

  • Minimum Borrowing Amount The aggregate principal amount of each Borrowing by the Borrower shall not be less than the Minimum Borrowing Amount.

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