First Redetermination Date definition

First Redetermination Date means the date that the first redetermination of the Borrowing Base becomes effective pursuant to Section 2.07(e).
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First Redetermination Date means the first Interim Redetermination Date, the first Scheduled Redetermination Date or the Mandatory Redetermination Date, whichever occurs first after the Effective Date.
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First Redetermination Date means the date on which the first redetermination of the Borrowing Base after the Sixth Amendment Effective Date becomes effective.”
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Examples of First Redetermination Date in a sentence

  • The Conforming Borrowing Base in effect for the period from and including the Effective Date to but excluding the First Redetermination Date shall be the Initial Conforming Borrowing Base.

  • The Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.07 (a “Scheduled Redetermination”), and, subject to Section 2.07(d), such redetermined amounts shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Banks, and the Lenders on May 1st and November 1st of each year (or, in each case, such date promptly thereafter as reasonably practicable), commencing with the first May 1st or November 1st following the First Redetermination Date.

  • The Borrowing Base in effect for the period from and including the Effective Date to but excluding the First Redetermination Date shall be the Initial Borrowing Base.

  • For the period from and including the Effective Date to but excluding the First Redetermination Date, the amount of the Borrowing Base shall be zero dollars ($0).

  • For the period from and including the Closing Date to but excluding the First Redetermination Date, the amount of the Borrowing Base shall be $0.

  • The Borrowing Base in effect during the period from and including the Effective Date to but excluding the First Redetermination Date shall be the Initial Borrowing Base.

  • For the period from and including the Tenth Amendment Effective Date to but excluding the First Redetermination Date, the amount of the Borrowing Base shall be $425,000,000.

  • For the period from and including the Effective Date to but excluding the First Redetermination Date, the amount of the Borrowing Base shall be $450,000,000.

  • For the period from and including the Effective Date to but excluding the earlier of the First Redetermination Date or the first Mandatory Redetermination Date, the amount of the Borrowing Base shall be $750,000,000.

  • The amount of the Borrowing Base shall remain at $450,000,000 until the First Redetermination Date in accordance with the procedures set forth in this Section 2.07.

Related to First Redetermination Date

  • Interim Redetermination Date means the date on which a Borrowing Base that has been redetermined pursuant to an Interim Redetermination becomes effective as provided in Section 2.07(d).

  • Redetermination Date means, with respect to any Scheduled Redetermination or any Interim Redetermination, the date that the redetermined Borrowing Base related thereto becomes effective pursuant to Section 2.07(d).

  • Scheduled Redetermination Date means the date on which a Borrowing Base that has been redetermined pursuant to a Scheduled Redetermination becomes effective as provided in Section 2.07(d).

  • Scheduled Redetermination has the meaning assigned such term in Section 2.07(b).

  • SOFR Interest Determination Date means the day that is the number of U.S. Government Securities Business Days prior to the Interest Payment Date in respect of the relevant Interest Period, as specified in the applicable Pricing Supplement.In addition to the Interest Periods and the Interest Payment Dates, the applicable Pricing Supplement shall specify and describe, as applicable, any relevant interest commencement date, interest period end date, interest determination date, index maturity, rate cut-off date, any other terms relating to the particular method of calculating interest on the Average SOFR Note (including any applicable payment delay, lockout or suspension period, lookback or observation shift) and any other terms applicable specifically to such Average SOFR Note.Term SOFR NotesUnless otherwise provided for or modified in the applicable Pricing Supplement, Term SOFR Notes will bear interest at a rate per annum equal to Term SOFR (as defined below) (or Specified-Tenor Term SOFR (as defined below)), plus the Spread.

  • Interim Redetermination has the meaning assigned such term in Section 2.07(b).

  • Interest Determination Date means, with respect to a Rate of Interest and Interest Accrual Period, the date specified as such hereon or, if none is so specified, (i) the first day of such Interest Accrual Period if the Specified Currency is Sterling or (ii) the day falling two Business Days in London for the Specified Currency prior to the first day of such Interest Accrual Period if the Specified Currency is neither Sterling nor euro or (iii) the day falling two TARGET Business Days prior to the first day of such Interest Accrual Period if the Specified Currency is euro.

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • Reset Interest Determination Date means, with respect to a Reset Period, the day falling two Business Days prior to the Reset Date on which such Reset Period commences;

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.

  • Reset Determination Date means, in respect of the First Reset Period, the second Business Day prior to the First Reset Date and, in respect of each Subsequent Reset Period thereafter, the second Business Day prior to the first day of each such Subsequent Reset Period;

  • LIBOR Interest Determination Date means the second LIBOR Business Day preceding each LIBOR Rate Reset Date.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • SOFR Determination Date has the meaning specified in the definition of “Daily Simple SOFR”.

  • Pricing Rate Determination Date means with respect to any Pricing Rate Period with respect to any Transaction, the second (2nd) Business Day preceding the first day of such Pricing Rate Period.

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two (2) Business Days prior to the first day of such Interest Period.

  • Specified Redemption Date means the tenth Business Day after receipt by the General Partner of a Notice of Redemption; provided that, if the Shares are not Publicly Traded, the Specified Redemption Date means the thirtieth Business Day after receipt by the General Partner of a Notice of Redemption.

  • Redetermination means any Scheduled Redetermination or Special Redetermination.

  • Scheduled Redemption Date means the first (1st) Business Day following the twenty first (21st) anniversary of the Issue Date.

  • Interest Calculation Date if applicable, shall have the meaning set forth in the Series Term Sheet.

  • Non-Lead Securitization Determination Date means the “determination date” (or any term substantially similar thereto) as defined in the related Non-Lead Securitization Servicing Agreement.

  • Rate Calculation Date means the day which is two Rate Calculation Business Days before the due date of the relevant amount under these Conditions;

  • Rate Determination Date means two (2) Business Days prior to the commencement of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such other day as otherwise reasonably determined by the Administrative Agent).

  • Discounted Prepayment Determination Date has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Monthly Report Determination Date The meaning specified in Section 10.7(a).