Minimum Required Collateral
Minimum Required Collateral. Means, as of any date of determination, Proved Reserves of the Borrower having a PW9 equal to the lesser of (a) 80% of the total PW9 of all Borrowing Base Oil and Gas Properties and (b) 150% of the Aggregate Commitment Amount then in effect
All Definitions
Found in
ULTRA PETROLEUM CORP contract
