Conforming Credit Criteria definition

Conforming Credit Criteria means the credit standards and other criteria customarily applied by the Administrative Agent in the determination of the credit limitations for companies similar to the Borrower.
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Conforming Credit Criteria shall have the meaning set forth in Subsection 2.04(a).
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Conforming Credit Criteria means the information contained in the Engineering Reports and such other information (including the status of title information with respect to the Oil and Gas Properties as described in the Engineering Reports and the existence of any other Debt) as the Administrative Agent or the applicable Lender deems appropriate in its sole discretion and consistent with its normal and customary oil and gas lending criteria as it exists at the particular time.
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Examples of Conforming Credit Criteria in a sentence

  • The Conforming Borrowing Base shall also be determined by the Banks in their sole discretion, and in determining the amount of the Conforming Borrowing Base, each Bank may make the assumptions and consider the factors and criteria set forth in clauses (a) through (f) above; provided, that each Bank shall apply Conforming Credit Criteria.

  • Banks may, in their sole discretion, establish a Borrowing Base which is higher than the Borrowing Base that would otherwise be in effect if Banks determined the Borrowing Base based on each Bank's application of the credit standards and other criteria customarily applied by such Bank in the determination of credit limitations for companies similar to Borrower ("Conforming Credit Criteria").

  • At the time of each Redetermination, Banks shall also determine what the Borrowing Base would be if they applied Conforming Credit Criteria (the "Conforming Borrowing Base").

  • The Conforming Borrowing Base shall also be determined by Banks in their sole discretion, and in determining the amount of the Conforming Borrowing Base, each Bank may make the assumptions and consider the factors and criteria set forth in subclauses (a) through (d) and (i) through (v) above; provided, that each Bank shall apply Conforming Credit Criteria.

  • From the Closing Date until the Conforming Date, the Banks may, in their sole discretion, establish a Borrowing Base which is higher than the Borrowing Base that would otherwise be in effect if the Banks determined the Borrowing Base based on each Bank’s Conforming Credit Criteria.

  • The Banks may, in their sole discretion, establish a Borrowing Base from time to time which is higher than the Borrowing Base would be if the Banks determined the Borrowing Base based on each Bank's application of the credit standards and other criteria customarily applied by such Bank in the determination of credit limitations for companies similar to Borrower ("Conforming Credit Criteria").

  • At the time of each Redetermination, Banks shall also determine what the Borrowing Base would be if they applied Conforming Credit Criteria (the "CONFORMING BORROWING BASE").

  • At the time of each Scheduled Redetermination and Special Redetermination, the Banks shall also determine what the Borrowing Base would be if they applied Conforming Credit Criteria (which result would be the Conforming Borrowing Base).

  • The Global Administrative Agent shall make such determination in accordance with its customary practices and standards for oil and gas loans and in the exercise of its sole and reasonable discretion and, with respect to the Conforming Global Borrowing Base and Conforming U.S. Borrowing Base, such determination shall be based on the Global Administrative Agent’s application of Conforming Credit Criteria and shall only be made prior to March 31, 2008.

  • If Conforming Credit Criteria were applied by the Banks, the Borrowing Base that would result would be $60,000,000, and such amount is the "CONFORMING BORROWING BASE" for purposes of this Agreement unless and until a Redetermination is made pursuant to SECTION 6.2 below.

Related to Conforming Credit Criteria

  • Fitch Criteria means the Collateral Amount shall equal the sum of (i) the product of A multiplied by the xxxx-to-market value of the outstanding Transactions determined by Party A in good faith from time to time, and (ii) the product of B multiplied by the current aggregate notional amount of the outstanding Transactions, where:

  • Investment Criteria The criteria specified in Section 12.2(a).

  • Selection Criteria means and includes all of the requirements, considerations,

  • Review Criteria has the meaning assigned to that term in Section 12.02(b)(i).

  • Business Criteria means any one or any combination of Income before Taxes, Net Income, Return on Equity, Return on Assets, Pre-tax Margin, Free Cash Flow, Valuation or EPS.

  • Criteria means the criteria set out in Clause 16.3;

  • Acceptance Criteria means the Specifications, goals, performance measures, testing results and/or other criteria designated by the Agency and against which the Deliverables may be evaluated for purposes of Acceptance or Non-acceptance thereof.

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

  • Eligibility Criteria means the legal criteria as specified in the Clause 5 of this E- Auction Process Information Document;

  • Specifications and Standards means the specifications and standards relating to the quality, quantity, capacity and other requirements for the Project Highway, as set forth in Schedule-D, and any modifications thereof, or additions thereto, as included in the design and engineering for the Project Highway submitted by the Contractor to, and expressly approved by, the Authority;

  • Board-Established Criteria means criteria that the Board of a Regulated Fund may establish from time to time to describe the characteristics of Potential Co-Investment Transactions regarding which the Adviser to the Regulated Fund should be notified under Condition 1. The Board-Established Criteria will be consistent with the Regulated Fund’s Objectives and Strategies (defined below). If no Board-Established Criteria are in effect, then the Regulated Fund’s Adviser will be notified of all Potential Co-Investment Transactions that fall within the Regulated Fund’s then-current Objectives and Strategies. Board-Established Criteria will be objective and testable, meaning that they will be based on observable information, such as industry/sector of the issuer, minimum EBITDA of the issuer, asset class of the investment opportunity or required commitment size, and not on characteristics that involve a discretionary assessment. The Adviser to the Regulated Fund may from time to time recommend criteria for the Board’s consideration, but Board-Established Criteria will only become effective if approved by a majority of the Independent Directors (defined below). The Independent Directors of a Regulated Fund may at any time rescind, suspend or qualify their approval of any Board-Established Criteria, though Applicants anticipate that, under normal circumstances, the Board would not modify these criteria more often than quarterly.