Additional Interim Redetermination Event definition

Additional Interim Redetermination Event means (a) any Transfer of any Borrowing Base Property by the Borrower or any other Credit Party to any Person other than the Borrower or another Credit Party or (b) any Liquidation of any commodity Swap Agreement by the Borrower or any other Credit Party if, upon (and after giving effect to) any such event, the sum of (i) the PV-9 of all Borrowing Base Properties Transferred by the Borrower or any other Credit Party to any Person other than the Borrower or another Credit Party since the most recent redetermination of the Borrowing Base plus (ii) the Swap PV of all commodity Swap Agreements Liquidated since the most recent redetermination of the Borrowing Base exceeds 5% of the then effective Borrowing Base.
View Source
Additional Interim Redetermination Event. “Approved Counterparty”, “Borrowing Base Value”, “CFCT Hedging Obligation” (originally intended to be “CFTC Hedging Obligation”), “Firm Transportation Reimbursement Agreement”, “Liquidate”, “Loan Documents”, “Material Swap Obligation”, “Projected Volume”, “Secured Lender Physical Contract”, “Specified Commodity Sale Contract”, “Swap Agreement” and “Swap Termination Value” contained in Section 1.02 of the Credit Agreement are hereby amended and restated in their entirety to read in full as follows:
View Source
Additional Interim Redetermination Event means (a) any Transfer of any Borrowing Base Property by the Borrower or any other Credit Party to any Person other than the Borrower or another Credit Party, (b) any Liquidation of any commodity Swap Agreement or other Specified Commodity Sale Contract by the Borrower or any other Credit Party or (c) the Borrower or any other Credit Party entering into any Secured Firm Transportation Reimbursement Agreement if, upon (and after giving effect to) any such event, the sum of (i) the Borrowing Base Value of all Borrowing Base Properties Transferred by the Borrower or any other Credit Party to any Person other than the Borrower or another Credit Party since the most recent redetermination of the Borrowing Base plus (ii) the Borrowing Base Value, if any, of all commodity Swap Agreements and any other Specified Commodity Sale Contracts Liquidated since the most recent redetermination of the Borrowing Base plus (iii) the aggregate Firm Transportation Reimbursement Obligation Amounts in respect of all Secured Firm Transportation Reimbursement Agreements then outstanding exceeds 15% of the then effective Borrowing Base.
View Source

More Definitions of Additional Interim Redetermination Event

Additional Interim Redetermination Event means (a) any Transfer of any Borrowing Base Property by the Borrower or a Restricted Subsidiary to any Person other than the Borrower or a Restricted Subsidiary, (b) any Liquidation of any commodity Swap Agreement by the Borrower or a Restricted Subsidiary or (c) the Borrower or any Restricted Subsidiary entering into any Secured Firm Transportation Reimbursement Agreement if, upon (and after giving effect to) any such event, the sum of (i) the Borrowing Base Value of all Borrowing Base Properties Transferred by the Borrower or a Restricted Subsidiary to any Person other than the Borrower or a Restricted Subsidiary since the most recent redetermination of the Borrowing Base plus (ii) the Borrowing Base Value of all commodity Swap Agreements Liquidated since the most recent redetermination of the Borrowing Base plus (iii) the aggregate Firm Transportation Reimbursement Obligation Amounts in respect of all Secured Firm Transportation Reimbursement Agreements then outstanding exceeds 15% of the then effective Borrowing Base.
View Source
Additional Interim Redetermination Event means (a) any Transfer of any Borrowing Base Property by the Borrower or any other Credit Party to any Person other than the Borrower or another Credit Party, (b) any Liquidation of any commodity Swap Agreement by the Borrower or any other Credit Party or (c) the Borrower or any other Credit Party entering into any Secured Firm Transportation Reimbursement Agreement if, upon (and after giving effect to) any such event, the sum of (i) the Borrowing Base Value of all Borrowing Base Properties Transferred by the Borrower or any other Credit Party to any Person other than the Borrower or another Credit Party since the most recent redetermination of the Borrowing Base plus (ii) the Borrowing Base Value of all commodity Swap Agreements Liquidated since the most recent redetermination of the Borrowing Base plus (iii) the aggregate Firm Transportation Reimbursement Obligation Amounts in respect of all Secured Firm Transportation Reimbursement Agreements then outstanding exceeds 15% of the then effective Borrowing Base.
View Source

Related to Additional Interim Redetermination Event

  • 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).

  • Interim 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).

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

  • 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).