Unscheduled Redetermination definition

Unscheduled Redetermination means a redetermination of the Borrowing Base made at any time other than on the date set for the regular semi-annual redetermination of the Borrowing Base which is made (A) at the request of the Borrower (but only once between successive Redetermination Dates) or (B) at the request of the Required Lenders (only once between successive Redetermination Dates).
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Unscheduled Redetermination means a redetermination of the Borrowing Base made at any time other than on the dates set for the regular semi-annual redetermination of the Borrowing Base which are made (A) at the reasonable request of Borrowers, (B) at any time it appears to Agent or Majority Banks, in the exercise of their reasonable discretion, that either (i) there has been an unscheduled material decrease in the value of the Oil and Gas Properties, or (ii) an event has occurred which is reasonably expected to have a Material Adverse Effect.
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Unscheduled Redetermination shall have the meaning set forth in Section 2.6(c).
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Examples of Unscheduled Redetermination in a sentence

  • If an Unscheduled Redetermination is made by the Banks, the Agent shall notify the Borrowers within a reasonable time after receipt of all requested information of the new Borrowing Base and Monthly Commitment Reduction, and such new Borrowing Base and Monthly Commitment Reduction shall continue until the next Determination Date.

  • If an Unscheduled Redetermination is to be made by the Lenders, the Agent shall notify the Borrower within a reasonable time after receipt of all requested information of the new Borrowing Base, and such new Borrowing Base shall continue until the next Determination Date.

  • Upon the issuance of any public note issue permitted pursuant to Section 13(f)(iv) hereof, the Banks shall have the right to perform an Unscheduled Redetermination of the Borrowing Base.

  • If an Unscheduled Redetermination is to be made by Lenders, Agent shall notify Borrower within a reasonable time after receipt of all requested information of the new Borrowing Base, and such new Borrowing Base shall continue until the next Determination Date.

  • The Technical Bank shall request the Independent Engineer to deliver to the Technical Bank, no later than forty days before each Scheduled Redetermination Date and, in the sole discretion of the Technical Bank, at any other time in relation to any Unscheduled Redetermination Date, a Lenders’ Technical Report.

  • Borrowers shall pay to Agent for the ratable benefit of Lenders at the time Agent provides any notice required by Section 7, an amount equal to three-eighths of one percent (.375%) of the amount of any increase in the Borrowing Base upon a scheduled semi-annual determination of the Borrowing Base or an Unscheduled Redetermination.

  • If an Unscheduled Redetermination is made by Lenders, the Agent shall notify Borrowers within a reasonable time after receipt of all requested information of the new Borrowing Base, and such new Borrowing Base shall continue until the next Determination Date.

  • The Banks shall have the right to perform an Unscheduled Redetermination of the Borrowing Base.

  • If an Unscheduled Redetermination is made by the Lenders, the Administrative Agent shall notify the Borrower within a reasonable time after receipt of all requested information of the new Borrowing Base, and such new Borrowing Base shall continue until the next Determination Date.

  • If at any time any of the Oil and Gas Properties are sold, the Borrowing Base then in effect may be reduced as a result of an Unscheduled Redetermination .


More Definitions of Unscheduled Redetermination

Unscheduled Redetermination means a redetermination of the Borrowing Base made at any time other than on the dates set forth in Section 9(b) for the regular semi-annual redetermination of the Borrowing Base which is made (A) at the reasonable request of the Borrower, or (B) at any time it appears to the Agent and the Required Lenders, that either (i) there has been a material decrease in the value of the Oil and Gas Properties, or (ii) an event has occurred which is reasonably expected to have a Material Adverse Effect. Whenever this Agreement refers to the "knowledge of the Borrower" or the "Borrower's knowledge," such knowledge shall be determined by the actual knowledge of the Borrower's principal officers. Further, whenever this Agreement requires the financial calculation for purposes of Section 16 or any of the financial definitions in this Section 1, such calculations shall be made pursuant to the modified definition of GAAP under this Section 1.
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Unscheduled Redetermination means a redetermination of the Maximum Commitment Amount made at any time other than on the dates set for the regular semi-annual redetermination of the Borrowing Base which is made (A) at the reasonable request of a Borrower, (B) at any time it appears to the Lender, in the exercise of its reasonable discretion, that either (i) there has been a material decrease in the value of the Oil and Gas Properties, or (ii) an event has occurred which is reasonably expected to have a Material Adverse Effect.
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Unscheduled Redetermination means an unscheduled redetermination ---------------------------- requested by the Borrower or the Required Banks under Section 2.18(d).
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Unscheduled Redetermination has the meaning specified in Section 2.04(d).
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Related to Unscheduled Redetermination

  • Scheduled Redetermination has the meaning assigned such term in Section 2.07(b).

  • Scheduled Redetermination Date means the date on which a Borrowing Base that has been redetermined pursuant to a Scheduled Redetermination becomes effective as provided in Section 2.07(d).

  • Interim Redetermination has the meaning assigned such term in Section 2.07(b).

  • Interim Redetermination Date means the date on which a Borrowing Base that has been redetermined pursuant to an Interim Redetermination becomes effective as provided in Section 2.07(d).

  • Redetermination means any Scheduled Redetermination or Special Redetermination.

  • Redetermination Date means, with respect to any Scheduled Redetermination or any Interim Redetermination, the date that the redetermined Borrowing Base related thereto becomes effective pursuant to Section 2.07(d).

  • Scheduled Redemption Date means the first (1st) Business Day following the twenty first (21st) anniversary of the Issue Date.

  • Scheduled Repayment shall have the meaning provided in Section 4.02(a).

  • Scheduled Reference Date means any original date that, but for the occurrence of an event causing a Disrupted Day, would have been a Reference Date.

  • Increased Amount Date shall have the meaning provided in Section 2.14(a).

  • Borrowing Base means, at any time of calculation, an amount equal to:

  • Scheduled Receivables Payment means, with respect to any Collection Period for any Receivable, the amount set forth in such Receivable as required to be paid by the Obligor in such Collection Period. If after the Closing Date, the Obligor’s obligation under a Receivable with respect to a Collection Period has been modified so as to differ from the amount specified in such Receivable as a result of (i) the order of a court in an insolvency proceeding involving the Obligor, (ii) pursuant to the Servicemembers Civil Relief Act or (iii) modifications or extensions of the Receivable permitted by Section 4.2(b), the Scheduled Receivables Payment with respect to such Collection Period shall refer to the Obligor’s payment obligation with respect to such Collection Period as so modified.

  • Mandatory Prepayment Date as defined in Section 2.12(e).

  • Discounted Prepayment Determination Date has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Scheduled Unavailability Date has the meaning specified in Section 3.03(c).

  • Borrowing Base Deficit means, at any time of determination, the amount, if any, by which (a) the Aggregate Capital at such time, exceeds (b) the Borrowing Base at such time.

  • Proposed Reduction Date has the meaning set forth in Section 1.3.

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Scheduled Amount means the Day-Ahead Schedule comprised of the quantity (in MWh) of electric energy expected to be produced by the Generating Facility that is scheduled from Seller or Seller’s Scheduling Coordinator to Buyer in a Physical Trade in the IFM.