Borrowing Base Reduction. The Borrower has informed the Administrative Agent that it plans to issue up to $250.0 million of Permitted Unsecured Indebtedness and has requested that the Required Lenders waive, and the Required Lenders do hereby waive, the reduction in the Borrowing Base upon such issuance; provided that the Borrower issues such Permitted Unsecured Indebtedness on or before February 19, 2018.
Appears in 2 contracts
Sources: Senior Secured Revolving Credit Agreement, Senior Secured Revolving Credit Agreement (Halcon Resources Corp)