Additional Interim Redetermination Event definition

Additional Interim Redetermination Event means (a) any Transfer of any Borrowing Base Property by the Borrower or any other Credit Party to any Person other than the Borrower or another Credit Party or (b) any Liquidation of any commodity Swap Agreement by the Borrower or any other Credit Party if, upon (and after giving effect to) any such event, the sum of (i) the PV-9 of all Borrowing Base Properties Transferred by the Borrower or any other Credit Party to any Person other than the Borrower or another Credit Party since the most recent redetermination of the Borrowing Base plus (ii) the Swap PV of all commodity Swap Agreements Liquidated since the most recent redetermination of the Borrowing Base exceeds 5% of the then effective Borrowing Base.
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Additional Interim Redetermination Event. “Approved Counterparty”, “Borrowing Base Value”, “CFCT Hedging Obligation” (originally intended to be “CFTC Hedging Obligation”), “Firm Transportation Reimbursement Agreement”, “Liquidate”, “Loan Documents”, “Material Swap Obligation”, “Projected Volume”, “Secured Lender Physical Contract”, “Specified Commodity Sale Contract”, “Swap Agreement” and “Swap Termination Value” contained in Section 1.02 of the Credit Agreement are hereby amended and restated in their entirety to read in full as follows:
Sample 1
Additional Interim Redetermination Event means (a) any Transfer of any Borrowing Base Property by the Borrower or any other Credit Party to any Person other than the Borrower or another Credit Party, (b) any Liquidation of any commodity Swap Agreement or other Specified Commodity Sale Contract by the Borrower or any other Credit Party or (c) the Borrower or any other Credit Party entering into any Secured Firm Transportation Reimbursement Agreement if, upon (and after giving effect to) any such event, the sum of (i) the Borrowing Base Value of all Borrowing Base Properties Transferred by the Borrower or any other Credit Party to any Person other than the Borrower or another Credit Party since the most recent redetermination of the Borrowing Base plus (ii) the Borrowing Base Value, if any, of all commodity Swap Agreements and any other Specified Commodity Sale Contracts Liquidated since the most recent redetermination of the Borrowing Base plus (iii) the aggregate Firm Transportation Reimbursement Obligation Amounts in respect of all Secured Firm Transportation Reimbursement Agreements then outstanding exceeds 15% of the then effective Borrowing Base.
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More Definitions of Additional Interim Redetermination Event

Additional Interim Redetermination Event means (a) any Transfer of any Borrowing Base Property by the Borrower or a Restricted Subsidiary to any Person other than the Borrower or a Restricted Subsidiary, (b) any Liquidation of any commodity Swap Agreement by the Borrower or a Restricted Subsidiary or (c) the Borrower or any Restricted Subsidiary entering into any Secured Firm Transportation Reimbursement Agreement if, upon (and after giving effect to) any such event, the sum of (i) the Borrowing Base Value of all Borrowing Base Properties Transferred by the Borrower or a Restricted Subsidiary to any Person other than the Borrower or a Restricted Subsidiary since the most recent redetermination of the Borrowing Base plus (ii) the Borrowing Base Value of all commodity Swap Agreements Liquidated since the most recent redetermination of the Borrowing Base plus (iii) the aggregate Firm Transportation Reimbursement Obligation Amounts in respect of all Secured Firm Transportation Reimbursement Agreements then outstanding exceeds 15% of the then effective Borrowing Base.
Sample 1
Additional Interim Redetermination Event means (a) any Transfer of any Borrowing Base Property by the Borrower or any other Credit Party to any Person other than the Borrower or another Credit Party, (b) any Liquidation of any commodity Swap Agreement by the Borrower or any other Credit Party or (c) the Borrower or any other Credit Party entering into any Secured Firm Transportation Reimbursement Agreement if, upon (and after giving effect to) any such event, the sum of (i) the Borrowing Base Value of all Borrowing Base Properties Transferred by the Borrower or any other Credit Party to any Person other than the Borrower or another Credit Party since the most recent redetermination of the Borrowing Base plus (ii) the Borrowing Base Value of all commodity Swap Agreements Liquidated since the most recent redetermination of the Borrowing Base plus (iii) the aggregate Firm Transportation Reimbursement Obligation Amounts in respect of all Secured Firm Transportation Reimbursement Agreements then outstanding exceeds 15% of the then effective Borrowing Base.
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Related to Additional Interim Redetermination Event

  • Interim Redetermination Date means the date on which a Borrowing Base that has been redetermined pursuant to an Interim Redetermination becomes effective as provided in Section 2.07(d).

  • Interim Redetermination has the meaning assigned such term in Section 2.07(b).

  • Scheduled Redetermination Date means the date on which a Borrowing Base that has been redetermined pursuant to a Scheduled Redetermination becomes effective as provided in Section 2.07(d).

  • Scheduled Redetermination has the meaning assigned such term in Section 2.07(b).

  • Redetermination Date means, with respect to any Scheduled Redetermination or any Interim Redetermination, the date that the redetermined Borrowing Base related thereto becomes effective pursuant to Section 2.07(d).

  • Shelf Additional Interest Date shall have the meaning set forth in Section 2(d) hereof.

  • SOFR Interest Determination Date means the day that is the number of U.S. Government Securities Business Days prior to the Interest Payment Date in respect of the relevant Interest Period, as specified in the applicable Pricing Supplement.In addition to defining the relevant Interest Periods and Interest Payment Dates, the applicable Pricing Supplement shall specify and describe, as applicable, any relevant interest commencement date, interest period end date, interest determination date, index maturity, rate cut-off date, any other terms relating to the particular method of calculating interest on the Compound SOFR Note (including any applicable payment delay, lockout or suspension period, lookback or observation shift) and any other terms applicable specifically to such Compound SOFR Note.Average SOFR NotesUnless otherwise provided for or modified in the applicable Pricing Supplement, Average SOFR Notes will bear interest at a rate per annum equal to Average SOFR (as defined below) plus the Spread.With respect to any Interest Period, unless otherwise specified or modified in the applicable Pricing Supplement, “Average SOFR” will be calculated by the Calculation Agent on each SOFR Interest Determination Date (as defined below) as follows (with the resulting percentage being rounded, if necessary, to the nearest one hundred-thousandth of a percentage point, with 0.000005 being rounded upwards to 0.00001): 0 Where:

  • Event Date shall have the meaning set forth in Section 2(d).

  • Reset Interest Determination Date means, in respect of any Reset Period, the day falling two Business Days prior to the beginning of the relevant Reset Period;

  • Interest Determination Date means, with respect to a Rate of Interest and Interest Accrual Period, the date specified as such hereon or, if none is so specified, (i) the first day of such Interest Accrual Period if the Specified Currency is Sterling or (ii) the day falling two Business Days in London for the Specified Currency prior to the first day of such Interest Accrual Period if the Specified Currency is neither Sterling nor euro or (iii) the day falling two TARGET Business Days prior to the first day of such Interest Accrual Period if the Specified Currency is euro.

  • Additional Interest Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a Like Amount of Notes for such period.

  • LIBOR Interest Determination Date means the second LIBOR Business Day preceding each LIBOR Rate Reset Date.

  • Increased Amount Date shall have the meaning provided in Section 2.14(a).

  • Scheduled Redemption Date means the first (1st) Business Day following the twenty first (21st) anniversary of the Issue Date.

  • Additional Required Registration Amount means (I) any Cutback Shares not previously included on a Registration Statement, all subject to adjustment as provided in Section 2(f) or (II) such other amount as may be permitted by the staff of the SEC pursuant to Rule 415, without regard to any limitations on exercise of the Warrants.

  • Automatic Early Redemption Event means that:

  • Pricing Rate Determination Date means with respect to any Pricing Rate Period with respect to any Transaction, the second (2nd) Business Day preceding the first day of such Pricing Rate Period.

  • Additional Interest Rate With respect to any ARD Loan after its Anticipated Repayment Date, the incremental increase in the per annum rate at which such Mortgage Loan accrues interest after the Anticipated Repayment Date (in the absence of defaults) as calculated and as set forth in the related Mortgage Loan documents.

  • Mandatory Default Amount means the payment of 130% of the outstanding principal amount of this Note and accrued and unpaid interest hereon, in addition to the payment of all other amounts, costs, expenses and liquidated damages due in respect of this Note.

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • SOFR Determination Date has the meaning specified in the definition of “Daily Simple SOFR”.

  • Event Determination Date means either:

  • Discounted Prepayment Determination Date has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Shelf Registration Event Date shall have the meaning set forth in Section 2(b) hereof.

  • Default Date the meaning set forth in Section 3.2(a).

  • Collateral Default Amount means, with respect to any Distribution Date, the product of the Investor Default Amount for such Distribution Date and the Collateral Floating Percentage.