Borrowing Base Period

Borrowing Base Period. The period from the day following a Calculation Date to the next succeeding Calculation Date (the "later Calculation Date"). A Borrowing Base Period is "related" to (i) the later Calculation Date, (ii) the Interest Accrual Period that ends on the day before such later Calculation Date, and (iii) the 2A Certificate that is delivered on the Business Day following such later Calculation Date.