Examples of Proposed Conforming Borrowing Base in a sentence
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 or, as applicable, the Proposed Conforming Borrowing Base.
In no event shall the Proposed Borrowing Base or the Proposed Conforming Borrowing Base exceed the Aggregate Maximum Credit Amount.
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 or, as applicable, agree with the Proposed Conforming Borrowing Base or disagree with the Conforming Borrowing Base, by proposing an alternate Borrowing Base or alternate Conforming Borrowing Base.
In no event shall the Proposed Borrowing Base or Proposed Conforming Borrowing Base exceed the Aggregate Maximum Credit Amounts.
If, at the end of such 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 and the Proposed Conforming Borrowing Base (if applicable).
Any Proposed Conforming Borrowing Base that would increase the Conforming Borrowing Base then in effect must be approved or deemed to have been approved by the Required Lenders as provided in this Section 2.07(c)(iii); and any Proposed Conforming Borrowing Base that would decrease or maintain the Conforming Borrowing Base then in effect must be approved or be deemed to have been approved by the Super-majority Lenders as provided in this Section 2.07(c)(iii).
Upon receipt of the Proposed Borrowing Base Notice, each Lender shall have fifteen (15) days (A) to agree with the Proposed Conforming Borrowing Base or disagree with the Proposed Conforming Borrowing Base by proposing an alternate Conforming Borrowing Base based solely upon its application of its Conforming Credit Criteria and (B) if applicable, to agree with the Proposed Borrowing Base or disagree with the Proposed Borrowing Base by proposing an alternate Borrowing Base.
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Upon receipt of the Proposed Borrowing Base Notice, each Lender shall have 15 days to agree with the Proposed Borrowing Base and the Proposed Conforming Borrowing Base (if applicable) or disagree with the Proposed Borrowing Base or the Proposed Conforming Borrowing Base by proposing an alternate Borrowing Base or Proposed Conforming Borrowing Base, as the case may be.
If at the end of the 14 days, any Lender has not communicated its approval or disapproval to the Administrative Agent, such silence shall be deemed to be an approval of the Proposed Borrowing Base and Proposed Conforming Borrowing Base.