Common use of Adjustment of Borrowing Base Limit Upon Acquisition of Properties Clause in Contracts

Adjustment of Borrowing Base Limit Upon Acquisition of Properties. In the event that the Borrower or any Guarantor acquires or discovers Proved Reserves which are not included in the most recent Engineering Report, the Borrower may request that the Lenders adjust the Borrowing Base Limit by taking into account such Proved Reserves and any Tangible Property related to or used in connection therewith. The Parties agree that:

Adjustment of Borrowing Base Limit Upon Acquisition of Properties. In the event that the Borrower or any Guarantor acquires or discovers Proved Reserves which are not included in the most recent Engineering Report, the Borrower may request that the Revolving Credit Facility Lenders adjust the Borrowing Base Limit by taking into account such Proved Reserves and any Tangible Property related to or used in connection therewith. The Parties agree that:

Adjustment of Borrowing Base Limit Upon Acquisition of Properties. In the event that the Borrower or any Guarantor Material Subsidiary acquires or discovers Proved Reserves which are not included in the most recent Engineering Report, the Borrower may request that the Lenders adjust the Borrowing Base Limit by taking into account such Proved Reserves and any Tangible Property related to or used in connection therewith. The Parties agree that:

Adjustment of Borrowing Base Limit Upon Acquisition of Properties. In the event that the Borrower or any Guarantor Material Subsidiary acquires or discovers Proved Reserves which are not included in the most recent Engineering Report, the Borrower may request that the Lenders adjust the Borrowing Base Limit by taking into account such Proved Reserves and any Tangible Advantage Hydrocarbon Property related to or used in connection associated therewith. The Parties agree that: