Common use of Actions Upon a Borrowing Base Deficiency Clause in Contracts

Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)), but only to the extent required by Section 2.09(b).

Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the payments and prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)if any), but only to the extent required by all as more specifically set forth in Section 2.09(b2.08(b).

Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the payments and prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)if any), but only to the extent required by all as more specifically set forth in Section 2.09(b2.08(c).

Actions Upon a Borrowing Base Deficiency. If, based upon such weekly quarterly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two Business Days as provided in Section 5.01(e)Days, deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)), but only to the extent required by Section 2.09(b2.2(c)(ii).

Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal any quarterly review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two one Business Days as provided in Section 5.01(e)Day, deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)), but only to the extent required by Section 2.09(b2.2(c)(ii).

Actions Upon a Borrowing Base Deficiency. If, based upon such the weekly internal reviewreview in Section 5.12(b)(ii)(C), the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two three Business Days as provided in Section 5.01(e5.01(d)(vi), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the payments and prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)if any), but only to the extent required by all as more specifically set forth in Section 2.09(b2.08(c).

Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency existsexists or that the Borrowing Base has declined by more than 15%, then the Borrower shall, promptly and in any event within two three Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the payments and prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)if any), but only to the extent required by all as more specifically set forth in Section 2.09(b2.08(b).

Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the payments and prepayments (if any) (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)), but only to the extent required by all as more specifically set forth in Section 2.09(b2.10(c).

Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency existsexists or that the Borrowing Base has declined by more than 15%, then the Borrower shall, promptly and in any event within two three Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the payments and prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)if any), but only to the extent required by all as more specifically set forth in Section 2.09(b2.08(c).

Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two one Business Days Day as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the payments and prepayments (and, to the extent necessary, and provide cover for Letters of Credit as contemplated by Section 2.04(k)Credit), but only to the extent required by all as more specifically set forth in Section 2.09(b).

Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two three (3) Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the required payments and prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)if any), but only to the extent required by all as more specifically set forth in Section 2.09(b2.08(b).

Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)), but only to the extent required by Section 2.09(b).103

Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two (2) Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make prepayments (and, to the extent necessary, provide cover Cash Collateral for Letters of Credit as contemplated by Section 2.04(k)), but only to the extent required by Section 2.09(b).

Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the payments and prepayments (if any) (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)), but only to the extent required by all as more specifically set forth in Section 2.09(b2.108(c).

Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)), but only to the extent required by Section 2.09(b).. 120 29135447.6

Actions Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists, then the Borrower shall, promptly and in any event within two Business Days as provided in Section 5.01(e), deliver a Borrowing Base Certificate reflecting the new amount of the Borrowing Base and shall take the actions, and make the payments and prepayments (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)if any), but only to the extent required by all as more specifically set forth in Section 2.09(b2.08(bc).