Borrowing Base Period definition

Borrowing Base Period means (a) initially, the period from the Effective Date through November 30, 1999; and (b) thereafter, each six month period beginning on June 1 or December 1 of each year.

Borrowing Base Period means: (a) the period from the date of this Agreement through December 31, 1997; (b) thereafter, each six-month period beginning on January 1 or July 1 of each year, until the January 1 or July 1 most nearly preceding the Maturity Date; and (c) the period from the January 1 or July 1 most nearly preceding the Maturity Date through the Maturity Date.

Borrowing Base Period means the period from the Effective Date to the initial Scheduled Borrowing Base Determination Date, and thereafter, each six-month period between Scheduled Borrowing Base Determination Dates.

Examples of Borrowing Base Period in a sentence

• Each time a Borrowing Base Period commences after the Effective Date, the Borrower will, and will cause each other Credit Party, to comply with the requirements of this Section 8.07 that apply during a Borrowing Base Period within 90 days (or such longer time as the Administrative Agent may agree in its sole discretion) following the commencement of such Borrowing Base Period.

• The Administrative Agent and the Lenders shall be named as additional insured in respect of such liability insurance policies, and, during a Borrowing Base Period, the Administrative Agent, on behalf of the Lenders, shall be named as lender loss payee with respect to Property loss insurance covering Collateral and such policies shall provide that the Administrative Agent shall receive thirty (30) days’ notice of cancellation or non-renewal.

• For the avoidance of doubt, upon the termination of any Investment Grade Period, a Borrowing Base Period shall automatically commence and an Interim Redetermination shall occur in accordance with the procedures set forth in this Section 2.06.

• If at any time the Aggregate Maximum Credit Amounts, the Elected Loan Limit or the Borrowing Base (solely during a Borrowing Base Period) are terminated or reduced to zero, then the Commitments shall terminate on the effective date of such termination or reduction.

More Definitions of Borrowing Base Period

Borrowing Base Period as defined in Section 2.14(b).

Borrowing Base Period means any period other than an Investment Grade Period.

Borrowing Base Period means any period of time other than an Investment Grade Period. The period commencing on the Effective Date and ending immediately prior to the first occurrence of an Interim Investment Grade Date hereunder shall be a Borrowing Base Period.

Borrowing Base Period means each six (6) month period commencing October 1 and April 1 of each year.

Borrowing Base Period means each six (6) month period commencing on the “Scheduled Borrowing Base Determination Dates” set forth on Appendix I.

Borrowing Base Period means (a) initially, the period beginning on the Effective Date and ending on the last day immediately prior to the commencement of an Investment Grade Period and (b) thereafter, any period other than an Investment Grade Period.

Borrowing Base Period means any period beginning on the date on which a Borrowing Base Trigger Event occurs and continuing until the next date on which Borrowers shall have delivered to Agent (a) the quarterly financial statements of Holdings (which financial statements shall have also been filed with the U.S. Securities and Exchange Commission), (b) a Compliance Certificate and (c) a Borrowing Base Certificate, which collectively demonstrate that (i) Borrowers are in compliance with the Financial Covenants as of the last day of the calendar month then most recently ended, (ii) as of the date of such financial statements and certificates, no Event of Default has occurred and is continuing, and (c) as of the date of such financial statements and certificates, the Collateral Coverage Ratio is not less than the Collateral Coverage Cure Target.