Common use of Borrowing Base Deficiency Clause in Contracts

Borrowing Base Deficiency. If a Borrowing Base Deficiency exists after giving effect to any Redetermination, Borrower shall be obligated to eliminate such Borrowing Base Deficiency by making the mandatory prepayments of the Loans or taking the other actions required by Section 2.4.

Appears in 3 contracts

Samples: Credit Agreement (Venus Exploration Inc), Credit Agreement (Exco Resources Inc), Credit Agreement (Exco Resources Inc)

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Borrowing Base Deficiency. If a Borrowing Base Deficiency exists after giving effect to any Redetermination, the Borrower shall be obligated to eliminate such Borrowing Base Deficiency by making the mandatory prepayments of the Committed Loans or by taking the such other actions action required by Section 2.42.04.

Appears in 2 contracts

Samples: Assignment and Assumption (Tapstone Energy Inc.), Credit Agreement (Tapstone Energy Inc.)

Borrowing Base Deficiency. If a Borrowing Base Deficiency exists after giving effect to any Redetermination, Borrower shall be obligated to eliminate such Borrowing Base Deficiency by making the mandatory prepayments of the Loans or taking the other actions required by Section 2.4.

Appears in 2 contracts

Samples: Credit Agreement (Encore Acquisition Co), Credit Agreement (Encore Acquisition Co)

Borrowing Base Deficiency. If a Borrowing Base Deficiency exists after giving effect to any Redetermination, the Borrower shall be obligated to eliminate such Borrowing Base Deficiency by making the mandatory prepayments of the Loans or by taking the such other actions action required by Section 2.42.04.

Appears in 2 contracts

Samples: Credit Agreement (Encore Acquisition Co), Credit Agreement (Encore Acquisition Co)

Borrowing Base Deficiency. If a Borrowing Base Deficiency exists after giving effect to any Redetermination, Borrower shall be obligated to eliminate such Borrowing Base Deficiency by making in the mandatory prepayments of the Loans or taking the other actions manner required by Section 2.4.

Appears in 1 contract

Samples: Loan Agreement (Petroglyph Energy Inc)

Borrowing Base Deficiency. If a Borrowing Base -------------------------- Deficiency exists after giving effect to any Redetermination, Borrower shall be obligated to eliminate such Borrowing Base Deficiency by making the mandatory prepayments of the Loans or taking the other actions Loan required by Section 2.4.3.4. -----------

Appears in 1 contract

Samples: Credit Agreement (Quicksilver Resources Inc)

Borrowing Base Deficiency. If a Borrowing Base Deficiency exists after giving effect to any Redetermination, the Borrower shall be obligated to eliminate such Borrowing Base Deficiency by making the mandatory prepayments of the Loans or by taking the such other actions action required by Section 2.42.03.

Appears in 1 contract

Samples: Credit Agreement (VOC Brazos Energy Partners, LP)

Borrowing Base Deficiency. If a Borrowing Base Deficiency exists after giving effect to any Redetermination, the Borrower shall be obligated to eliminate such Borrowing Base Deficiency by making the mandatory prepayments of the Loans or by taking the such other actions action required by Section 2.42.04.

Appears in 1 contract

Samples: Credit Agreement (Encore Acquisition Co)

Borrowing Base Deficiency. If a Borrowing Base Deficiency exists after giving effect to any Redetermination, Borrower shall be obligated to eliminate such Borrowing Base Deficiency by making the mandatory prepayments of the Loans or taking the other actions Loan required by Section 2.43.4.

Appears in 1 contract

Samples: Credit Agreement (Quicksilver Resources Inc)

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Borrowing Base Deficiency. If a Borrowing Base Deficiency exists after (a) giving effect to any Redetermination, or (b) as a result of any Quarterly Reduction, Borrower shall be obligated to eliminate such Borrowing Base Deficiency by making the mandatory prepayments of the Revolving Loans or taking the other actions required by Section 2.4.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

Borrowing Base Deficiency. If a Borrowing Base Deficiency exists after giving effect to at any Redeterminationtime, Borrower shall be obligated to eliminate such Borrowing Base Deficiency by making the mandatory prepayments of the Loans or taking the other actions Loan required by Section 2.42.7.

Appears in 1 contract

Samples: Credit Agreement (Castle Energy Corp)

Borrowing Base Deficiency. If a Borrowing Base Deficiency ------------------------- exists after giving effect to any Redetermination, Borrower shall be obligated to eliminate such Borrowing Base Deficiency by making the mandatory prepayments of the Loans or taking the other actions Loan required by Section 2.4.3.4. -----------

Appears in 1 contract

Samples: Credit Agreement (Quicksilver Resources Inc)

Borrowing Base Deficiency. If To the extent a Borrowing Base Deficiency exists after giving effect to any Redetermination, Borrower shall be obligated to eliminate such Borrowing Base Deficiency by making the mandatory prepayments of the Loans or taking the other actions required by Section 2.4SECTION 3.5.

Appears in 1 contract

Samples: Credit Agreement (Quicksilver Resources Inc)

Borrowing Base Deficiency. If a Borrowing Base Deficiency exists after giving effect to any Redetermination, Borrower shall be obligated to eliminate such Borrowing Base Deficiency by making the mandatory prepayments of the Loans or taking the other actions required by Section 2.43.4.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

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