Aggregate Elected Borrowing Base Commitments definition

Aggregate Elected Borrowing Base Commitments means (a) on the Ninth Amendment Effective Date, $575,000,000, and (b) at any time thereafter, an amount determined in accordance with Section 2.07(g).

Aggregate Elected Borrowing Base Commitments means (a) on the Effective Date, $325,000,000 and (b) at any time thereafter, an amount determined in accordance with Section 2.07(g).

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).

Examples of Aggregate Elected Borrowing Base Commitments in a sentence

• 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.

• A new subsection (e) is hereby inserted immediately following subsection (d) to read as follows: (e) If the Aggregate Elected Borrowing Base Commitments are greater than 75% of the Borrowing Base then in effect, then, at the time of and immediately after giving effect to such Borrowing, the Consolidated Cash Balance shall not exceed the Consolidated Cash Balance Threshold.

• 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.

• A) Subject to the conditions set forth in Section 2.07(g)(ii)(B), the Borrower may, at any time and from time to time increase the Aggregate Elected Borrowing Base Commitments up to an amount not to exceed the then effective Borrowing Base by providing written notice of such requested increase to the Administrative Agent (an “ Increase Notice”).

• 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.

More Definitions of Aggregate Elected Borrowing Base Commitments

Aggregate Elected Borrowing Base Commitments means (a) on the Fifth Amendment Effective Date, $650,000,000, and (b) at any time thereafter, an amount determined in accordance with Section 2.07(g).

Aggregate Elected Borrowing Base Commitments means (a) on the Ninth Amendment Effective Date, $1,075,000,000, and (b) at any time thereafter, an amount determined in accordance with Section 2.07(h).

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).

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).

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).

Aggregate Elected Borrowing Base Commitments means (a) on the Second Amendment Effective Date, $360,000,000 and (b) at any time thereafter, an amount determined in accordance with Section 2.07(g).

Aggregate Elected Borrowing Base Commitments means (a) on the Eighth Amendment Effective Date,