Bank Price Deck definition

Bank Price Deck means the Administrative Agent’s forward curve for each of oil, natural gas and other Hydrocarbons, as applicable, furnished to the Borrower by the Administrative Agent from time to time in accordance with the terms of this Agreement.

Bank Price Deck means the Administrative Agent’s most recent internal price deck on a forward curve basis for each of oil, natural gas and other Hydrocarbons, as applicable, furnished to the Borrower by the Administrative Agent from time to time.

Bank Price Deck means the Administrative Agent’s “base case” forward curve for oil, natural gas and other Hydrocarbons as of the most recent Proposed Borrowing Base Notice.

Examples of Bank Price Deck in a sentence

• The Administrative Agent hereby agrees to provide, promptly, and in any event within 3 Business Days, following its receipt of a request by the Borrower, an updated Bank Price Deck.

• The Administrative Agent hereby agrees to provide, promptly, and in any event within three (3) Business Days, following its receipt of a request by the Borrower, an updated Bank Price Deck.

• The Administrative Agent hereby agrees to provide promptly, and in any event within three Business Days, following its receipt of a written request therefor by the Borrower, an updated Bank Price Deck.

• The Administrative Agent hereby agrees to provide an updated Bank Price Deck to the Borrower (i) promptly, and in any event within three (3) Business Days, after the Administrative Agent’s request for an Interim Redetermination and (ii) promptly, and in any event within three (3) Business Days, upon any request of the Borrower.

• The Administrative Agent hereby agrees to provide an updated Bank Price Deck to the Borrower promptly, and in any event within three (3) Business Days, following (i) its receipt of a request by the Borrower or (ii) its request for an Interim Redetermination.

More Definitions of Bank Price Deck

Bank Price Deck means the Administrative Agent’s forward curve for each of oil, natural gas and other Hydrocarbons, as applicable, furnished to the Borrower by the Administrative Agent from time to time in accordance with the terms of this Agreement and consistent with the bank price deck used at such time by the Administrative Agent with respect to similar oil and gas reserve-based credits for similarly situated borrowers.

Bank Price Deck means the Administrative Agent’s “base case” forward curve for oil, natural gas and other Hydrocarbons as of the most recent Proposed Borrowing Base Notice and furnished to the Borrower.

Bank Price Deck means the average relevant current price assumptions contained in the most recent publication of the Macquarie Tristone Quarterly Energy Lender Price Survey or, if such survey is no longer published, a similar survey reasonably acceptable to Agent.

Bank Price Deck the average relevant current price assumptions contained in the most recent publication of the Macquarie Tristone Energy Lender Price Survey or, if such survey is no longer published, a similar survey acceptable to Agent.

Bank Price Deck means the Administrative Agent’s forward curve for oil, natural gas, natural gas liquids and other hydrocarbons as of the most recent Borrowing Base. ‘Base Rate’ means, for any day, the rate per annum equal to the highest of (a) the Federal Funds Rate for such day plus one-half of one percent (0.50%), (b) the Prime Rate for such day and (c) the Three-Month Eurodollar Rate for such day (or if such day is not a Business Day, the immediately preceding Business Day) plus one percent (1.00%). Any change in the Base Rate due to a change in the Prime Rate, the Federal Funds Rate or the Three-Month Eurodollar Rate shall be effective on the effective date of such change in the Prime Rate or Federal Funds Rate or the Three-Month Eurodollar Rate.

Bank Price Deck means the Administrative Agent’s forward curve for each of oil, natural gas and other Hydrocarbons, as applicable, furnished to the Borrower by the Administrative Agent from time to time in accordance with this Agreement and consistent with the bank price deck used by the Administrative Agent with respect to similar reserve-based oil and gas credits for borrowers with similar credit profiles, as reasonably determined by the Administrative Agent. The Administrative Agent hereby agrees to provide, promptly, and in any event within 3 Business Days, following the Borrower’s written request to the Administrative Agent therefor, an updated Bank Price Deck.

Bank Price Deck means the Administrative Agent’s forward curve for each of oil, natural gas and other Hydrocarbons, as applicable, furnished to the Borrower by the Administrative Agent from time to time in accordance with this Agreement and consistent with the bank price deck used by the Administrative Agent with respect to similar reserve-based oil and gas credits for borrowers with similar credit profiles, as reasonably determined by the Administrative Agent. The Administrative Agent hereby agrees to provide, promptly, and in any event within 3 Business Days (or such later date as the Borrower shall agree to in writing in its sole discretion), following the Borrower’s written request to the Administrative Agent therefor, an updated Bank Price Deck.