Proposed Borrowing Base definition
Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).
Proposed Borrowing Base has the meaning set forth in Section 2.8(d)(i).
Proposed Borrowing Base means any Borrowing Base proposed by the Administrative Agent pursuant to Section 2.4(c)(i).
Examples of Proposed Borrowing Base in a sentence
If, in the case of any Proposed Borrowing Base that would decrease or maintain the Borrowing Base then in effect, at the end of such fifteen (15) days, any Lender has not communicated its approval or disapproval in writing to the Administrative Agent, such silence shall be deemed to be an approval of the Proposed Borrowing Base.
If, in the case of any Proposed Borrowing Base that would increase the Borrowing Base then in effect, at the end of such fifteen (15) days, any Lender has not communicated its approval or disapproval in writing to the Administrative Agent, such silence shall be deemed to be a disapproval of the Proposed Borrowing Base.
Upon receipt of the Proposed Borrowing Base Notice, each Lender shall have fifteen (15) days to agree with the Proposed Borrowing Base or disagree with the Proposed Borrowing Base by proposing an alternate Borrowing Base.
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 assigned to that term in Section 2.09(c). "Proposed Borrowing Base Notice" shall have the meaning assigned to that term in Section 2.09(c)(ii).
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). “Proved Developed Producing Reserves” shall mean Proved Reserves that, in accordance with Petroleum
Proposed Borrowing Base means any Borrowing Base proposed by the Administrative Agent pursuant to Section 2.4(c)
Proposed Borrowing Base means any Borrowing Base proposed by the Administrative Agent pursuant to Section 2.4(c)(i). “Proposed Borrowing Base Notice” shall have the meaning set forth in Section 2.4(c)(ii). “PTE” shall mean a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. “Public Lender” has the meaning specified in Section 10.1(b)(v). “Purchase Agreement” means that certain Purchase and Sale Agreement, dated as of February 25, 2025, by and among Lime Rock Resources IV-A, L.P., a Delaware limited partnership, and Lime Rock Resources IV-C, L.P., a Delaware limited partnership, collectively as seller, and the Borrower, as buyer. “QFC” shall have the meaning set forth in Section 10.19(b). “Qualified ECP Guarantor” shall mean, in respect of any Hedging Transaction, each Loan Party that (i) has total assets exceeding $10,000,000 at the time any guaranty of obligations under such Hedging Transaction or grant of the relevant security interest becomes effective or (ii) otherwise constitutes an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another Person to qualify as an “eligible contract participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. “Recipient” shall mean, as applicable, (a) the Administrative Agent, (b) any Lender and (c) the Issuing Bank. “Regulation D” shall mean Regulation D of the Board of Governors of the Federal Reserve System, as the same may be in effect from time to time, and any successor regulations. “Regulation T” shall mean Regulation T of the Board of Governors of the Federal Reserve System, as the same may be in effect from time to time, and any successor regulations. “Regulation U” shall mean Regulation U of the Board of Governors of the Federal Reserve System, as the same may be in effect from time to time, and any successor regulations.
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