Borrowing Base Reports definition

Borrowing Base Reports is defined in Section 6.2(a).

Borrowing Base Reports means collectively, (i) Reserve Evaluation Reports, (ii) Canadian Forest Reserve Evaluation Reports and (iii) Canadian Net Back Pool Reports and "BORROWING BASE REPORT" shall mean any thereof.

Borrowing Base Reports means collectively, (i) Net Back Pool Reports and (ii) Reserve Evaluation Reports and "BORROWING BASE REPORT" shall mean any thereof.

Examples of Borrowing Base Reports in a sentence

• Borrowing Base Reports, Compliance Certificates and other information, reports, financial statements and other materials delivered by Borrowers hereunder, as well as other Reports and information provided by Agent to Lenders.

• The Agent agrees that it shall not be entitled to require that the Borrower furnish weekly or daily Borrowing Base Reports solely as the result of the occurrence of a Borrowing Base Trigger Event, if the Agent fails to so notify the Borrower within ninety (90) days of the date that the Borrower has cured the Borrowing Base Trigger Event to the reasonable satisfaction of the Agent.

• The chief financial officer of the Borrower and any other officer of the Borrower designated by the chief financial officer to sign Borrowing Base Reports and Notices of Borrowing or Conversion.

• Without limiting the generality of the foregoing, the Administrative Agent may retain outside auditors to evaluate and monitor Permitted Third-Party Expenses Borrowing Base Reports, inventory valuations and other matters relevant to the determination of the Permitted Third-Party Expenses Borrowing Base, all at the expense of Borrower after the occurrence and during the continuance of a Default.

• The Administrative Agent’s Notice shall have no purpose other than to enable the Collateral Agent to make such determination and to prepare such Borrowing Base Reports, shall not be conclusive evidence of the amount of any Grantor’s Secured Obligations and may not evidence any claim or assertion by any Grantor of the amount of its Secured Obligations.

More Definitions of Borrowing Base Reports

Borrowing Base Reports means collectively, (i) U.S. Reserve Evaluation Reports, (ii) Reserve Evaluation Reports and (iii) Net Back Pool Reports and "BORROWING BASE REPORT" shall mean any thereof. "CANADIAN GUARANTEE" shall mean the Guarantee dated as of August 19, 1997 executed by Forest in favor of the Administrative Agent and the Lenders party to this Agreement. "COMBINED COMMITMENTS" shall have the meaning ascribed thereto in the Intercreditor Agreement.

Borrowing Base Reports means the monthly reports to be furnished by Company to Agent and the Banks pursuant to the provisions of Section 9.3 hereof in the form attached hereto as Exhibit "A".

Borrowing Base Reports has the meaning assigned to such term in Section 5.01(a)(ii).

Borrowing Base Reports. Each Borrowing Base Report signed by Borrowers, on behalf of Borrowers, contains and will contain an accurate summary of all Eligible Accounts of Borrowers contained in the Borrowing Base as of its date.

Borrowing Base Reports shall have the meaning given such terms in Section 2.1.10.

Borrowing Base Reports. During the term of the loan, the Company shall deliver to PCA, within twenty (20) days of the end of the each fiscal month end, an unaudited borrowing base report (Exhibit A)in reasonable detail and fairly presenting the collateral position of the company. The Company shall remain within the conditions of the borrowing base (Exhibit A). In the event that the operation is not in compliance with borrowing base limits, the loan can be considered in default. CONSOLIDATION/ MERGER: The Company will not merger or consolidate with any other person or entity without the prior written consent of the PCA. TRANSFER OF OWNERSHIP: Transfer of majority stock ownership from Xxxxxx X. Xxxxxxxx to any other person or entity without the prior written consent of the PCA, will give the PCA the right, at its option, to treat the Note and Loan Agreement as being in default, and PCA may accelerate the indebtedness. This includes the Stock Option agreement dated May 31st, 1995 between Natural Horizons, Inc. and Xxxxxx X. Xxxxxxxx.

Borrowing Base Reports means the US Borrowing Base Reports and the Canadian Borrowing Base Reports.