Common use of Borrowing Base Calculations Clause in Contracts

Borrowing Base Calculations. The calculation by the Borrowers of the Borrowing Base in any Borrowing Base Report delivered to the Agent and the valuation thereunder is complete and accurate in all material respects as of the date of such delivery.

Appears in 2 contracts

Sources: Loan, Security and Guaranty Agreement (Atlas Energy Solutions Inc.), Loan, Security and Guaranty Agreement (Atlas Energy Solutions Inc.)

Borrowing Base Calculations. The calculation by the Borrowers Borrower of the Borrowing Base in any Borrowing Base Report delivered to the Agent and the valuation thereunder as set forth in the most recent Borrowing Base Certificate delivered hereunder is complete and accurate in all material respects as of the date of such deliveryrespects.

Appears in 1 contract

Sources: Abl Credit Agreement (AFG Holdings, Inc.)