Proposed Borrowing Base definition

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.

• 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.

• If 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, at the end of such 15-day period, all of the Lenders, in the case of a Proposed Borrowing Base that would increase the Borrowing Base then in effect, or the Required Lenders, in the case of a Proposed Borrowing Base that would decrease or maintain the Borrowing Base then in effect, have approved or deemed to have approved, as aforesaid, then the Proposed Borrowing Base shall become the new Borrowing Base, effective on the date specified in Section 2.07(d).

• If at the end of the 15 days, any Lender has not communicated its approval or disapproval to the Administrative Agent, such silence shall be deemed to be a disapproval of the Proposed 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 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

Proposed Borrowing Base has the meaning assigned to such term in Section ------------------------ 2.07

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