Additional Upfront Fees. In the event that, as a result of a redetermination of the Borrowing Base, the Borrowing Base is increased to an amount that is higher than the amount of the Borrowing Base for the Closing Date specified in Section 2.8.1 (the “Base Amount”; and such higher amount herein the “Designated Amount”), the Borrower agrees to pay to the Administrative Agent, for the account of each Lender, an upfront fee in an amount equal to 25 basis points on such Lender’s Percentage of the difference between the Designated Amount and the Base Amount; provided, however, that solely for purposes of calculating the upfront fee pursuant to this Section 3.3.3, upon payment of such upfront fee and for purposes of future upfront fees pursuant to this Section 3.3.3, the Base Amount shall be increased to be equal to the last Designated Amount for which an upfront fee has been paid hereunder.
Additional Upfront Fees. In the event that, as a result of a redetermination of the Borrowing Base, the Borrowing Base is increased to an amount that is higher than the amount of the Borrowing Base for the Closing Date specified in Section 2.8.1 (the “Base Amount”; and such higher amount herein the “Designated Amount”), the Borrower agrees to pay to the Administrative Agent, for the account of each Lender (other than any Defaulting Lender at such time; provided, however, that if any such Defaulting Lender shall fund such additional amounts, then such fee shall be payable to such Defaulting Lender in respect of the additional amounts so funded), an upfront fee in an amount to be agreed upon between the Borrower and the Administrative Agent, according to such Lender’s Percentage of the difference between the Designated Amount and the Base Amount; provided, however, that solely for purposes of calculating the upfront fee pursuant to this Section 3.3.3, upon payment of such upfront fee and for purposes of future upfront fees pursuant to this Section 3.3.3, the Base Amount shall be increased to be equal to the last Designated Amount for which an upfront fee has been paid hereunder.
Additional Upfront Fees. In the event that, as a result of a redetermination of the Borrowing Base, the Borrowing Base is increased to an amount that is higher than $145,000,000 (the “Base Amount”; and such higher amount herein the “Designated Amount”), the Borrower agrees to pay to the Administrative Agent, for the account of each Lender, an upfront fee in an amount equal to 25 basis points on such Lender’s Percentage of the difference between the Designated Amount and the Base Amount; provided, however, that solely for purposes of calculating the upfront fee pursuant to this Section 3.3.3. upon payment of such upfront fee and for purposes of future upfront fees pursuant to this Section 3.3.3. the Base Amount shall be increased to be equal to the last Designated Amount for which an upfront fee has been paid hereunder.
Additional Upfront Fees. In the event that, as a result of a redetermination of the Borrowing Base, the Borrowing Base is increased to an amount that is higher than $800,000,000 (the “Base Amount”; and such higher amount herein the “Designated Amount”), the Borrower agrees to pay to the Administrative Agent, for the account of each Revolving Loan Lender (excluding any Defaulting Lenders), an upfront fee in an amount to be agreed upon between the Borrower and the Administrative Agent, according to such Revolving Loan Lender’s Revolving Loan Percentage Share of the difference between the Designated Amount and the Base Amount; provided, however, that solely for purposes of calculating the upfront fee pursuant to this clause (e), upon payment of such upfront fee and for purposes of future upfront fees pursuant to this clause (e), the Base Amount shall be increased to be equal to the last Designated Amount for which an upfront fee has been paid hereunder.
