Borrowing Base Oil and Gas Properties means those Oil and Gas Properties of the Borrower that are subject to the liens created by the Security Instruments executed pursuant to the Prior Loan Agreement, together with the additional Borrowing Base Oil and Gas Properties that are described in Exhibit "A" attached hereto and made a part hereof, as such Exhibit "A" may be amended from time to time.
Borrowing Base Oil and Gas Properties means those Oil and Gas Properties of the Borrower and each of the other Loan Parties that are subject to the Liens created by the Collateral Documents.
Borrowing Base Oil and Gas Properties means the Oil and Gas Properties directly owned by the Loan Parties, as included and indicated in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 8.12.
Examples of Borrowing Base Oil and Gas Properties in a sentence
On each date on which Borrower sells any of its Borrowing Base Oil and Gas Properties, the Borrowing Base shall be automatically reduced to the loan value (determined in accordance with the procedures for determining the Borrowing Base) of the remaining Borrowing Base Oil and Gas Properties, and the Borrower shall be required to make a prepayment, if any, required to Section 2.05(b)(i).
More Definitions of Borrowing Base Oil and Gas Properties
Borrowing Base Oil and Gas Properties means those Oil and Gas Properties of Borrowers that are described in any Engineering Report submitted to Lender by Borrowers, together with (a) those Oil and Gas Properties of Borrowers that are described in Exhibit A attached hereto and made a part hereof, as such Exhibit A may be amended and supplemented from time to time, and (b) any other Oil and Gas Properties of any Borrower that are described in and covered by (or purported to be covered by) any of the Security Documents, whether or not such Oil and Gas Properties are described in Exhibit A attached hereto.
Borrowing Base Oil and Gas Properties means those Oil and Gas Properties of the Borrower that are subject to the Liens created by the Collateral Documents, together with the additional Borrowing Base Oil and Gas Properties that are described in Exhibit B attached hereto and made a part hereof, as such Exhibit B may be amended from time to time.
Borrowing Base Oil and Gas Properties means those Oil and Gas Properties of the Borrower that are subject to the liens created by the Security Instruments to secure the Obligations, including, but not limited to, the indebtedness evidenced by the Note, which Borrowing Base Oil and Gas Properties are described in Exhibit "A" attached hereto and made a part hereof.
Borrowing Base Oil and Gas Properties means those Oil and Gas Properties of the Borrowers that are subject to the liens created by certain of the Security Instruments to secure the Obligations, including, but not limited to, the indebtedness evidenced by the Note, which Borrowing Base Oil and Gas Properties are described in Exhibit “A” attached hereto and made a part hereof.
Borrowing Base Oil and Gas Properties means those Oil and Gas Properties of the Loan Parties that are described in any Reserve Report submitted to the Administrative Agent by Borrowers, together with (a) those Oil and Gas Properties of the Loan Parties that are described in Exhibit A attached hereto and made a part hereof, as such Exhibit A may be amended from time to time, and (b) any other Oil and Gas Properties of the Loan Parties that are described in and covered by (or that the Administrative Agent and Loan Parties have attempted to describe in) any of the Collateral Documents, whether or not such Oil and Gas Properties are described in Exhibit A attached hereto. Any reference to Exhibit A attached hereto shall be deemed to also refer to any Exhibit A attached to any and all mortgages, deeds of trust, and leasehold mortgages included in the Collateral Documents.
Borrowing Base Oil and Gas Properties means those Oil and Gas Properties of Borrowers that are included in the Reserve Reports provided in connection with this Agreement and the Oil and Gas Properties of Borrowers that will, with execution of the Loan Documents, be subject to liens created by certain of the Security Instruments to secure the Obligations, which initial Borrowing Base Oil and Gas Properties are described in Exhibit V attached hereto and made a part hereof together with such additional Oil and Gas Properties as are subsequently added to the Borrowing Base pursuant to Section 2.8, as such Exhibit V or any exhibit to any Security Instruments may be amended or supplemented from time to time.
Borrowing Base Oil and Gas Properties means those Oil and Gas Properties of PESC and MidContinent that are subject to the second Liens created by the Collateral Documents.