Existing Borrowing Base Properties definition

Existing Borrowing Base Properties means the Individual Properties that are qualified as Borrowing Base Properties under the Existing Facility as of the Closing Date.
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Existing Borrowing Base Properties means the Individual Properties that are qualified as Borrowing Base Properties under the Existing Loan Agreement as of the Closing Date.
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Existing Borrowing Base Properties means the Borrowing Base Properties under the Existing Credit Agreement immediately prior to the effectiveness hereof, each of which is listed on Part I of Schedule 2.
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Examples of Existing Borrowing Base Properties in a sentence

  • The Obligations shall be secured by a first priority lien and security interest granted in favor of the Administrative Agent for the benefit of the Lenders, the Administrative Agent and the Specified Derivatives Providers on the Collateral, it being agreed that only the Existing Borrowing Base Properties shall be required to be secured by a Mortgage unless otherwise required as set forth in Section 11.2(b).


More Definitions of Existing Borrowing Base Properties

Existing Borrowing Base Properties means the Individual Properties that are qualified as Borrowing Base Properties under the Existing Facility as of the ClosingDate.
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Existing Borrowing Base Properties means the “Borrowing Base Properties” which have met the criteria for, and been identified as, “Borrowing Base Properties” under the Existing Credit Agreement and meeting all of the requirements of Section 5A.04 as of the Effective Date, as set forth on Schedule 1.01(a) hereto.
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Existing Borrowing Base Properties means the Individual Properties that are qualified as Borrowing Base Properties under the Existing Facility as of the Closing Date. “Existing Facility” shall mean the term loan credit facility provided to Borrower by various lenders and KeyBank National Association, as administrative agent, pursuant to
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Related to Existing Borrowing Base Properties

  • Borrowing Base Properties means the Oil and Gas Properties of the Credit Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 9.14.

  • Borrowing Base Property means any one of the Borrowing Base Properties.

  • Borrowing Base Assets means a collective reference to all Borrowing Base Assets in existence at any given time.

  • Borrowing Base Value means, with respect to any Oil and Gas Property of a Credit Party or any Swap Agreement in respect of commodities, the value the Administrative Agent attributed to such asset in connection with the most recent determination of the Borrowing Base as confirmed by Required Lenders.

  • New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d).

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).

  • Unencumbered Properties means each Acceptable Property that either (a) is an Initial Unencumbered Property or (b) becomes an Unencumbered Property pursuant to Section 4.03, and “Unencumbered Property” means any one of the Unencumbered Properties.

  • Borrowing Base means, at any time of calculation, an amount equal to:

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Additional Properties means any oil and natural gas assets or related interests that are acquired by any member of the Partnership Group pursuant to an Acquisition.

  • Borrowing Base Amount means:

  • Real Properties means the real property owned by the Borrower or any of its Subsidiaries.

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Original Closing Date pursuant to Section 5.11(d) or pursuant to Section 5.11(d) of the Original Credit Agreement or the Prior Credit Agreement.

  • Proposed Borrowing Base Notice has the meaning assigned to such term in Section 2.07(c)(ii).

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Borrowing Base Report means a report in substantially the form of Exhibit E (or such other form approved by Administrative Agent) certified by a Responsible Officer of Borrower.

  • Borrowing Base Test means as of any date, a determination that (a) the lesser of (i) the Borrowing Base and (ii) the Facility Amount shall be equal to or greater than (b) the Advances Outstanding.

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Collateral Pool means, at any time, each Portfolio Investment that has been Delivered (as defined in the Guarantee and Security Agreement) to the Collateral Agent and is subject to the Lien of the Guarantee and Security Agreement, and then only for so long as such Portfolio Investment continues to be Delivered as contemplated therein and in which the Collateral Agent has a first-priority perfected Lien as security for the Secured Obligations (subject to any Lien permitted by Section 6.02 hereof with respect to such Portfolio Investment), provided that in the case of any Portfolio Investment in which the Collateral Agent has a first-priority perfected (subject to Permitted Liens under clause (g) of the definition thereof) security interest pursuant to a valid Uniform Commercial Code filing, such Portfolio Investment may be included in the Collateral Pool so long as all remaining actions to complete “Delivery” are satisfied in full within the longest period of (i) seven (7) days of such inclusion and (ii) as the Collateral Agent may agree in its reasonable discretion.

  • Hotel Property means a Property on which there is located an operating hotel.

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

  • Closing Date Mortgaged Property as defined in Section 3.1(h).

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.