Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).
Proposed Borrowing Base means any Borrowing Base proposed by the Administrative Agent pursuant to Section 2.4(c)(i).
Proposed Borrowing Base has the meaning set forth in Section 2.8(d)(i).
Examples of Proposed Borrowing Base in a sentence
In no event shall the Proposed Borrowing Base exceed the Aggregate Maximum Credit Amounts.
More Definitions of Proposed Borrowing Base
Proposed Borrowing Base is defined in Section 2.8.2.
Proposed Borrowing Base has the meaning assigned to such term in Section 3.03.
Proposed Borrowing Base shall have the meaning provided in Section 2.14(c)(i). “Proposed Borrowing Base Notice” shall have the meaning provided in Section 2.14(c)(ii).
Proposed Borrowing Base has the meaning assigned to such term in Section 2.06(c)(i). “Proposed Borrowing Base Notice” has the meaning assigned to such term in Section 2.06(c)(ii). “Proved Developed Producing Reserves” or “PDP Reserves” means “proved developed producing oil and gas reserves” as such term is defined by the SPE in its standards and guidelines. “Proved Reserves” or “Proved” means reserves that are “proved oil and gas reserves” and either (a) “proved developed producing oil and gas reserves”, (b) “proved developed non- producing oil and gas reserves” (consisting of proved developed shut-in oil and gas reserves and proved developed behind pipe oil and gas reserves), or (c) “proved undeveloped oil and gas reserves”, as such terms are defined by the SPE in its standards and guidelines. “Purchase Money Indebtedness” means Debt, the proceeds of which are used to finance the acquisition, construction, or improvement of inventory, equipment or other Property. “PV-9” means, with respect to any Proved Reserves expected to be produced from any of the Oil and Gas Properties of the Borrower and its Restricted Subsidiaries evaluated in the most recently delivered Reserve Report, the net present value, discounted at 9% per annum, of the future net revenues expected to accrue to the Borrower’s and the other Credit Parties’ collective interests in such Proved Reserves during the remaining expected economic lives of such Proved Reserves, calculated in accordance with the most recent Bank Price Deck provided to the Borrower by the Administrative Agent (and giving effect to (a) estimated acquired Proved Reserves that were not
Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i). 26 007870-0083-15888-Active.27383864
Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i). “Proposed Borrowing Base Notice” has the meaning assigned to such term in Section 2.07(c)(ii). “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. “QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). “QFC Credit Support” has the meaning assigned to it in Section 12.20. “Qualified ECP Counterparty” means, in respect of any Hedge Agreement, any Loan Party that (a) has total assets exceeding $10,000,000 at the time any guarantee of obligations under such Hedge Agreement or grant of the relevant security interest to secure such Hedge Agreement becomes effective or (b) otherwise constitutes an “eligible contract participant” under and as
Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i). “Proposed Borrowing Base Notice” has the meaning assigned to such term in Section 2.07(c)(ii). “Proved Developed Producing Reserves” or “PDP” means “proved developed producing oil and gas reserves” as such term is defined by the SEC in its standards and guidelines. “Proved Oil and Gas Properties” means Oil and Gas Properties to which Proved Reserves are attributed. References herein to the “total value” of Proved Oil and Gas Properties refer to the present value of the PDP that are attributed thereto in the then most recent Reserve Report plus risk-discounted portions (as determined by the Administrative Agent) of the present value of the Proved Reserves other than PDP that attributed thereto in such Reserve Report. 25