Borrowing Base Period definition

Borrowing Base Period means (a) initially, the period from the Closing Date through April 30, 2001; and (b) thereafter, each six month period beginning on May 1 or November 1 of each year.

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.

Borrowing Base Period has the meaning specified in Section 2.15(a).

Examples of Borrowing Base Period in a sentence

• During a Borrowing Base Period, this Agreement shall be subject to a Borrowing Base.

• Promptly after receiving such information, reports and data, Administrative Agent shall determine and deliver to each Lender the proposed Borrowing Base for the next Borrowing Base Period.

• 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.

• During any Borrowing Base Period, Advances of Revolving Loans shall be subject to availability under the Borrowing Base.

• Such inspections or audits shall be conducted within thirty (30) days of the start of any Borrowing Base Period if there are (i) any outstanding Advances or Acquisition Loans or (ii) outstanding Obligations in respect of Letters of Credit, FX Forward contracts or Cash Management Services which in excess of $4,000,000.

More Definitions of Borrowing Base Period

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

Borrowing Base Period means: (a) the time period from the date of this Agreement through December 31, 2003; (b) thereafter, each six-month time period beginning on January 1 or July 1 of each year, until the January 1 or July 1 most immediately preceding the Maturity Date; and (c) thereafter, the time period from the January 1 or July 1 most immediately preceding the Maturity Date through the Maturity Date.

Borrowing Base Period means each six (6) month period commencing on February 1 and August 1 of each year.

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

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 (a) initially, the period beginning on the Effective Date and ending on the first date an Investment Grade Period commences and (b) thereafter, any period other than an Investment Grade Period.