Engineered Value definition

Engineered Value means, the value attributed to the Borrowing Base Properties for purposes of the most recent Redetermination of the Borrowing Base pursuant to Article III (or for purposes of determining the Initial Borrowing Base in the event no such Redetermination has occurred), based upon the discounted present value of the estimated net cash flow to be realized from the production of Hydrocarbons from the Borrowing Base Properties as set forth in the Reserve Report.

Engineered Value for this purpose shall mean future net revenues discounted at the discount rate being used by the Agent as of the date of any such determination utilizing the pricing parameters used in the engineering report furnished to the Agent, pursuant to Sections 7 and 12 hereof. Borrower will cause to be executed and delivered to the Agent, in the future, additional Security Instruments if the Agent reasonably deems such are necessary to insure perfection or maintenance of Lenders' security interests and Liens in the Oil and Gas Properties or any part thereof.

Engineered Value means, the value attributed to the Borrowing Base Properties for purposes of the most recent Redetermination of the Borrowing Base pursuant to Article III (or for purposes of determining the Initial Borrowing Base in the event no such Redetermination has occurred), based upon the discounted present value of the estimated net cash flow to be realized from the production of Hydrocarbons from the Oil and Gas Interests as set forth in the Reserve Report.

Examples of Engineered Value in a sentence

• For purposes of determining compliance with clause (vi) of Section 7.03(a) with respect to any exchange of Oil and Gas Interests, the value of such exchange shall be the net reduction, if any, in Engineered Value (as determined by the Administrative Agent) realized or resulting from such exchange.

• The Agent shall have received the mortgage and title information required to be delivered by Borrower pursuant to Section 6 of this Agreement; provided, however, that for the purposes of satisfying this closing condition, the Borrower shall only be required to have mortgaged Oil and Gas Properties representing not less than 65% of the Engineered Value of its Oil and Gas Properties as of the Effective Date.

• Concurrently with the delivery of each of the Collateral Documents or within a reasonable time thereafter, Borrower shall have furnished or caused to be furnished to Agent mortgage and title opinions and other title information reasonably satisfactory to Agent with respect to the title and Lien status of Borrower’s interests in not less than 75% of the Engineered Value of the mortgaged Borrowing Base Properties.

• Borrower will cause to be executed and delivered to Agent, in the future, additional Collateral Documents if Agent reasonably 20 deems such are necessary to insure perfection or maintenance of Lenders’ security interests and Liens in not less than 80% of the Engineered Value of Borrower’s Oil and Gas Properties which are included in the Borrowing Base then in effect.

• In addition, for purposes of determining compliance with clause (vi) of this Section with respect to any exchange of Oil and Gas Interests, the value of such exchange shall be the net reduction, if any, in Engineered Value realized or resulting from such exchange.

More Definitions of Engineered Value

Engineered Value means the value attributed to the Oil and Gas Properties in the applicable Reserve Report based upon the discounted present value of the estimated net cash flow to be realized from the production of Hydrocarbons from such Oil and Gas Properties as set forth in such applicable Reserve Report.

Engineered Value means future net revenues discounted at the discount rate being used by the Agent as of the date of any such determination utilizing the pricing parameters used in the engineering reports furnished to the Agent, pursuant to Sections 4.1(d) and 4.1(e) hereof.

Engineered Value means, with respect to any Oil and Gas Property of the Borrower and the Subsidiaries, the value the Administrative Agent attributed to such Oil and Gas Property in connection with the most recent redetermination of the Borrowing Base pursuant to Section 2.07.

Engineered Value for this purpose shall mean future net revenues discounted at the discount rate being used by the Administrative Agent as of the date of any such determination utilizing the pricing parameters used in the engineering report furnished to the Administrative Agent for the ratable benefit of the Lenders, pursuant to Sections 7 and 12 hereof. Borrower and the Guarantors will cause to be executed and delivered to the Administrative Agent, in the future, additional Security Instruments if the Administrative Agent reasonably deems such are necessary to insure perfection or maintenance of Lenders' security interests and Liens in the Oil and Gas Properties or any part thereof.

Engineered Value means, at the time of determination, the future net revenues of the Borrowing Base Properties calculated by Administrative Agent using the pricing parameters and discount rate currently being used by Administrative Agent.

Engineered Value has the meaning assigned to such term in the Antero Resources Credit Agreement.

Engineered Value means the total CFM, or the total GPM, which Tenant has calculated under Exhibit F as necessary for supply to the Premises, or which have been calculated as necessary for supply to other leasable premises in the Shopping Center.