Required Borrowing Base Lenders definition

Required Borrowing Base Lenders means, at any time, Lenders having in the aggregate Revolving Exposures and unused Revolving Credit Commitments representing more than 66.66% of the sum of the total Revolving Exposures and unused Revolving Credit Commitments at such time.

Required Borrowing Base Lenders means, as of any date of determination, Non-Defaulting Lenders whose Voting Percentages aggregate to 66-2/3% or more.

Required Borrowing Base Lenders means Lenders having at least 85% of the ------------------------------- unpaid principal amounts outstanding under the Loans or, if no such principal amounts are then outstanding, Lenders having at least 85% of the total Commitments.

Examples of Required Borrowing Base Lenders in a sentence

• Anything herein contained to the contrary notwithstanding, any determination or redetermination of the Borrowing Base resulting in any increase of the Borrowing Base in effect immediately prior to such determination or redetermination shall require the approval of the Required Borrowing Base Lenders in their sole discretion in accordance with their respective customary practices and standards for oil and gas lending as they exist at the particular time.

• Such recommended Borrowing Base shall become effective upon the receipt by the Administrative Agent of the approval of the Required Borrowing Base Lenders.

• The Administrative Agent shall have fifteen (15) days following receipt of such requested information to make an initial redetermination of the Borrowing Base, and the Administrative Agent and the Required Borrowing Base Lenders shall approve and designate the new Borrowing Base in accordance with the procedures and standards described in Section 2.8.3.

• The Administrative Agent shall have fifteen (15) days following receipt of such requested information to make an initial redetermination of the Borrowing Base, and the Administrative Agent and the Required Borrowing Base Lenders shall approve and designate the new Borrowing Base in accordance with the procedures and standards described in Section 2.8.2.

• Any such special redetermination of the Borrowing Base shall be made by all of the Lenders or the Required Borrowing Base Lenders, as applicable, in their respective sole discretion based upon the most recent Engineering Report delivered to the Lenders by the Borrower pursuant to Section 6.2(g) or 6.2(h), as applicable, and such other information, reports and data as any Lender may reasonably request.

More Definitions of Required Borrowing Base Lenders

Required Borrowing Base Lenders means (i) with respect to any action in connection with increasing the Borrowing Base, the Lenders holding at least 75% of the then aggregate outstanding principal amount of the Notes then held by the Lenders, or, if no such principal amount is then outstanding, the Administrative Agent and Lenders responsible for at least 75% of the then current Commitment Amount and (ii) with respect to any action in connection with decreasing the Borrowing Base, the Lenders holding at least 66 2/3% of the then aggregate outstanding principal amount of the Notes then held by the Lenders, or, if no such principal amount is then outstanding, the Administrative Agent and Lenders responsible for at least 66 2/3 of the then current Commitment Amount.

Required Borrowing Base Lenders or "Restricted Subsidiary", eliminate the Borrowing Base, increase the Commitment Amount or the Percentage of any Lender, change the definition of "Prime Rate" or "LIBOR" to reduce interest or the Applicable Margin payable by the Borrower, reduce any fees described in Article III, release all or substantially all of the Collateral other than pursuant to the terms of the Pledge Agreement, or extend any Commitment Termination Date, without the consent of each Lender;

Required Borrowing Base Lenders means, as of any date of determination, Lenders (that are not at such time Defaulting Lenders) holding not less than 66-2/3% of the Total Exposure Amount of all Lenders (that are not at such time Defaulting Lenders).

Required Borrowing Base Lenders or “Restricted Subsidiary”, other than as permitted under Section 2.8, eliminate the Borrowing Base, increase the Commitment Amount or the Percentage of any Lender, change the definition of “Prime Rate” or “LIBOR” to reduce interest or the Applicable Margin payable by the Borrower, reduce any fees described in Article III, release any Subsidiary Guaranty required by Section 7.9 unless Section 7.9 no longer requires such Subsidiary Guaranty, or extend any Commitment Termination Date, without the consent of each Lender;

Required Borrowing Base Lenders. Security Documents", "Senior Debt Capacity", "Tranche A" and "Tranche B" in appropriate alphabetical order:

Required Borrowing Base Lenders means, at any time, Lenders (that are not at such time Defaulting Lenders) holding not less than 67% of the Total Exposure Amount of all Lenders (that are not at such time Defaulting Lenders); provided that notwithstanding the foregoing, the determination for the initial Borrowing Base pursuant to Section 2.8.1 and for any redetermination of the Borrowing Base thereafter resulting in an increase of the Borrowing Base from the Borrowing Base in effect immediately prior to such redetermination of the Borrowing Base, the Required Borrowing Base Lenders means all of the Lenders.

Required Borrowing Base Lenders means, at any time, Lenders (other than any Lender solely in its capacity as holder of, and solely to the extent of, such Lender’s Excluded Term A Exposure) having in the aggregate Revolving Exposures of all Lenders, unused Revolving Credit Commitments and Pari Passu Term A Loans representing more than 66.66% of the sum of the total Revolving Exposures, unused Revolving Credit Commitments and Pari Passu Term A Loans (other than Excluded Term A Exposures) at such time.