Common use of Borrowing Base and Monthly Reduction Amount Clause in Contracts

Borrowing Base and Monthly Reduction Amount. f) The Borrowing Base as of the Closing Date is acknowledged by the Borrower, the Agent and the Lenders to be $19,375,000. Commencing on the first day of January, 2008 and continuing thereafter on the first day of each calendar month, the amount of the Borrowing Base then in effect shall be reduced by the Monthly Reduction Amount, which Monthly Reduction Amount as of the Closing Date is acknowledged to be $0.00.

Borrowing Base and Monthly Reduction Amount. f(a) The Borrowing Base as of the Closing Date is acknowledged by the Borrower, the Agent and the Lenders to be $19,375,0006,000,000. Commencing on the first day of JanuaryOctober 1, 2008 2010 and continuing thereafter on the first day of each calendar monthmonth through the Commitment Termination Date, the amount of the Borrowing Base then in effect shall be reduced by the Monthly Reduction Amount, which Monthly Reduction Amount as of the Closing Date is acknowledged to be $0.000.

Borrowing Base and Monthly Reduction Amount. f(a) The Borrowing Base as of the Closing Date is acknowledged by the Borrower, the Agent and the Lenders to be $19,375,0003,000,000. Commencing on the first day of JanuaryOctober 31, 2008 and continuing thereafter on the first last day of each calendar monthmonth through the Commitment Termination Date, the amount of the Borrowing Base then in effect shall be reduced by the Monthly Reduction Amount, which Monthly Reduction Amount as of the Closing Date is acknowledged to be $0.00.

Borrowing Base and Monthly Reduction Amount. f(a) The Borrowing Base as of the Closing Date is acknowledged by the Borrower, the Agent Borrower and the Lenders Lender to be $19,375,0004,000,000. Commencing on the first day of JanuaryMarch 1, 2008 2011 and continuing thereafter on the first day of each calendar monthmonth through the Commitment Termination Date, the amount of the Borrowing Base then in effect shall be reduced by the Monthly Reduction Amount, which Monthly Reduction Amount as of the Closing Date is acknowledged to be $0.000.

Borrowing Base and Monthly Reduction Amount. f(a) The Borrowing Base as of the Closing Date is acknowledged by the Borrower, the Agent and the Lenders to be $19,375,00047,500,000. Commencing on the first day of JanuaryDecember, 2008 2009 and continuing thereafter on the first day of each calendar monthmonth through the Commitment Termination Date, the amount of the Borrowing Base then in effect shall be reduced by the Monthly Reduction Amount, which Monthly Reduction Amount as of the Closing Date is acknowledged to be $0.00.

Borrowing Base and Monthly Reduction Amount. f(a) The Borrowing Base as of the Closing Date is acknowledged by the Borrower, the Agent and the Lenders to be $19,375,000100,000,000. Commencing on the first fifteenth day of JanuaryDecember, 2008 2010 and continuing thereafter on the first fifteenth day of each calendar monthmonth through the Commitment Termination Date, the amount of the Borrowing Base then in effect shall be reduced by the Monthly Reduction Amount, which Monthly Reduction Amount as of the Closing Date is acknowledged to be $0.002,000,000.

Borrowing Base and Monthly Reduction Amount. f(a) The Borrowing Base as of the Closing Date is acknowledged by the Borrower, the Agent Borrower and the Lenders Lender to be $19,375,0005,000,000. Commencing on the first day of JanuaryMarch 1, 2008 2012, and continuing thereafter on the first day of each calendar monthmonth through the Commitment Termination Date, the amount of the Borrowing Base then in effect shall be reduced by the Monthly Reduction Amount, which Monthly Reduction Amount as of the Closing Date is acknowledged to be $0.000.

Borrowing Base and Monthly Reduction Amount. f(a) The Borrowing Base as of the Closing Date is acknowledged by the Borrower, the Agent and the Lenders to be $19,375,00040,000,000. Commencing on the first day of JanuaryNovember, 2008 2010 and continuing thereafter on the first day of each calendar monthmonth through the Commitment Termination Date, the amount of the Borrowing Base then in effect shall be reduced by the Monthly Reduction Amount, which Monthly Reduction Amount as of the Closing Date is acknowledged to be $0.00.