Aggregate Elected Borrowing Base Commitments definition

Aggregate Elected Borrowing Base Commitments means (a) on the Eighth Amendment Effective Date, $500,000,000, and (b) at any time thereafter, an amount determined in accordance with Section 2.07(g).
Sample 1
Aggregate Elected Borrowing Base Commitments means (a) on the Third Amendment Effective Date, $1,000,000,000, and (b) at any time thereafter, an amount determined in accordance with Section 2.07(h).
Sample 1Sample 2
Aggregate Elected Borrowing Base Commitments means (a) on the Sixth Amendment Effective Date, $800,000,000, and (b) at any time thereafter, an amount determined in accordance with Section 2.07(g).
Sample 1Sample 2

Examples of Aggregate Elected Borrowing Base Commitments in a sentence

  • The Borrower shall notify the Administrative Agent of any election to reduce or terminate the Aggregate Elected Borrowing Base Commitments under this Section 2.07(g)(i) at least three Business Days prior to the effective date of such reduction or termination, specifying such election and the effective date thereof.

  • Each reduction of the Aggregate Elected Borrowing Base Commitments shall occur on the effective date of such reduction specified in such written notice and shall be made ratably among the Lenders in accordance with each Lender’s Applicable Percentage.

  • Each such Increase Notice shall specify (x) the proposed effective date of the increase (the “Increase Effective Date”), which date shall be no earlier than three (3) Business Days (or such earlier date as the Administrative Agent may agree in its sole discretion) after receipt by the Administrative Agent of such Increase Notice and (y) the amount of such requested increase to the Aggregate Elected Borrowing Base Commitments.

  • The Borrower agrees to pay to the Administrative Agent, for the account of each Lender party to this Agreement that has agreed to increase its portion of the Aggregate Elected Borrowing Base Commitments, ratably in accordance with its Applicable Percentage, a fee in an amount to be agreed by the applicable Lenders and the Borrower on the amount of any increase of the Aggregate Elected Borrowing Base Commitments, payable on the effective date of any such increase.

  • Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof; provided that a notice of termination of the Aggregate Elected Borrowing Base Commitments delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied.

  • The Borrower shall notify the Administrative Agent of any election to reduce or terminate the Aggregate Elected Borrowing Base Commitments under this Section 2.07(h)(i) at least three Business Days prior to the effective date of such reduction or termination, specifying such election and the effective date thereof.

  • If at any time the Aggregate Maximum Credit Amounts, the Borrowing Base or the Aggregate Elected Borrowing Base Commitments is terminated or reduced to zero, then the Revolving Commitments shall terminate on the effective date of such termination or reduction.

  • Each such Increase Notice shall specify (x) the proposed effective date of the increase (the “Increase Effective Date”), which date shall be no earlier than ten (10) Business Days after receipt by the Administrative Agent of such Increase Notice and (y) the amount of such requested increase to the Aggregate Elected Borrowing Base Commitments.

  • Each reduction of the Aggregate Elected Borrowing Base Commitments shall occur on the effective date of such reduction specified in such written notice and shall be made ratably among the Revolving Lenders in accordance with each Revolving Lender’s Applicable Revolving Percentage.

  • On the Ninth Amendment Effective Date, after giving effect to the Novo Acquisition, the Aggregate Elected Borrowing Base Commitments do not exceed the Borrowing Base then in effect.


More Definitions of Aggregate Elected Borrowing Base Commitments

Aggregate Elected Borrowing Base Commitments means (a) on the Third Amendment Effective Date, $475,000,000 and (b) at any time thereafter, an amount determined in accordance with Section 2.07(g).
Sample 1Sample 2Sample 3
Aggregate Elected Borrowing Base Commitments means (a) on the First Amendment Effective Date, $240,000,000 and (b) at any time thereafter, an amount determined in accordance with Section 2.07(g).
Sample 1
Aggregate Elected Borrowing Base Commitments is hereby amended by replacing the reference therein to the “Third Amendment Effective Date” with the “Seventh Amendment Effective Date”.
Sample 1
Aggregate Elected Borrowing Base Commitments means (a) on the Eighth Amendment Effective Date,
Sample 1
Aggregate Elected Borrowing Base Commitments means (a) on the Fifth Amendment Effective Date, (i) if the Xxxxxxxx Acquisition Senior Notes Trigger Event shall not have occurred, $825,000,000 or (ii) if the Xxxxxxxx Acquisition Senior Notes Trigger Event shall have occurred, $650,000,000 and (b) at any time thereafter, an amount determined in accordance with Section 2.07(g).
Sample 1
Aggregate Elected Borrowing Base Commitments means (a) on the Ninth Amendment Effective Date,
Sample 1

Related to Aggregate Elected Borrowing Base Commitments

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Aggregate Revolving Committed Amount means the aggregate amount of Commitments in effect from time to time, being initially One Hundred Fifty Million Dollars ($150,000,000) (as such amount may be increased as provided in Section 2.5 or reduced as provided in Section 2.9 from time to time).

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Revolving Credit Aggregate Commitment means Twenty Five Million Dollars ($25,000,000), subject to reduction or termination under Section 2.11 or 9.2 hereof.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Proposed Borrowing Base Notice has the meaning assigned to such term in Section 2.07(c)(ii).

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders. The amount of the Aggregate Revolving Commitments in effect on the Closing Date is SIX HUNDRED MILLION DOLLARS ($600,000,000).

  • Aggregate Commitment means the aggregate of the Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Commitment is $500,000,000.

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • Aggregate Revolving Commitment means the aggregate of the Revolving Commitments of all of the Revolving Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $1,000,000,000.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Aggregate Commitment Amount means, as of any date, the aggregate of all Commitment Amounts as of such date. On the Effective Date, the Aggregate Commitment Amount is $125,000,000.

  • Revolving Commitment Amount means the Revolving Commitment amount (if any) set forth adjacent to such Lender’s name on Schedule A attached hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Aggregate Revolving Credit Commitments means, at any time, the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at such time.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Aggregate Revolving Credit Commitment means the aggregate of the Revolving Credit Commitments of all the Revolving Lenders, as reduced or increased from time to time pursuant to the terms hereof. The Aggregate Revolving Credit Commitment as of the Tranche B-1 Funding Date is $150,000,000.

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Foreign Borrowing Base means, as of any date, an amount equal to: