Borrowing Base Increase Fees. The Borrower agrees to pay to the Administrative Agent, for the account of each Lender then party to this Agreement, ratably in accordance with its Applicable Percentage, a Borrowing Base increase fee in an amount to be agreed by the Lenders and the Borrower on the amount of any increase of the Borrowing Base over the highest Borrowing Base previously in effect, payable on the effective date of any such increase to the Borrowing Base.
Borrowing Base Increase Fees. The Borrower agrees to pay to the Administrative Agent for the account of the Lenders having a Tranche A Commitment in connection with any increase of the Borrowing Base, a borrowing base increase fee on the amount of such increase; provided that, no such increase fee shall be charged in connection the first $25,000,000 increase in the Borrowing Base associated with the refinancing, if any, of the Tranche B Advances. The borrowing base increase fee shall be in an amount equal to .375% multiplied by the amount of the increase and shall be due and payable on the Business Day following the date that the increase to the Borrowing Base becomes effective.
Borrowing Base Increase Fees. The Borrowers agree to pay to the Administrative Agent for the account of the Tranche A Lenders in connection with any increase of the Borrowing Base, a borrowing base increase fee on the amount of such increase. The borrowing base increase fee shall be in an amount equal to .25% multiplied by the amount of the increase and shall be due and payable on the Business Day following the date that the increase to the Borrowing Base becomes effective.
Borrowing Base Increase Fees. The Borrowers agree to pay to the Agent for the account of the Lenders in connection with any incremental increase of the Borrowing Base to an amount that exceeds the level of the Borrowing Base then in effect, a Borrowing Base increase fee on the amount of such incremental increase. The Borrowing Base increase fee shall be in an amount equal to .50% multiplied by the amount of the incremental increase to the extent, but only to the extent that such incremental increase amount exceeds the level of Borrowing Base then in effect at such time, such Borrowing Base increase fee to be due and payable on the date that the increase to the Borrowing Base becomes effective.
Borrowing Base Increase Fees. The Borrower agrees to pay to the Administrative Agent for the pro rata account of each Lender, a Borrowing Base increase fee equal to 1% on the amount of (i) each increase of the Borrowing Base based on Oil and Gas Properties of the Borrower and its Subsidiaries previously included in the previous Borrowing Base over the most recent Borrowing Base and (ii) each increase in the Borrowing Base attributable to new Oil and Gas Properties acquired by the Borrower and its Subsidiaries over the most recent Borrowing Base. Such Borrowing Base increase fee may be subject to adjustment based upon market conditions and the Borrower’s financial profile, but in no event will any adjustment to such fee become effective unless the Borrower has received written notice of any such adjustment 10 days prior to the effectiveness of such adjustment.
Borrowing Base Increase Fees. In the event that a redetermined Borrowing Base represents an increase of the Borrowing Base above the highest previous Borrowing Base, the Borrower agrees to pay to the Administrative Agent for the account of each Lender a Borrowing Base increase fee, which shall accrue at a rate of 0.20% applied against the difference between (i) such Lender’s Applicable Percentage of the Borrowing Base in effect immediately after such increase and (ii) such Lender’s highest previous Applicable Percentage of the Borrowing Base. All Borrowing Base increase fees shall be payable on the third Business day following the applicable Redetermination Date.
Borrowing Base Increase Fees. Any increase in the Borrowing Base may be subject to a Borrowing Base increase fee in an amount to be agreed by the Lenders and the Borrower, payable on the effective date of any such increase and the Borrower agrees to pay such Borrowing Base increase fee (if any). ARTICLE IV
Borrowing Base Increase Fees. Without duplication of any fees paid pursuant to Section 8(m) hereof, the Borrower agrees to pay to the Administrative Agent on the Acquisition Closing Date for the account of (i) each New Lender (as defined in Section 5 above) and (ii) each other Lender whose Commitment to the Borrowing Base under the Credit Agreement (as increased pursuant to Section 7 above) has increased relative to such Lender’s Commitment to the Borrowing Base under the Credit Agreement immediately prior to the Acquisition Closing Date (each such Lender described the foregoing clauses (i) and (ii), an “Acquisition Increasing Lender”), a one-time upfront fee in an amount of seventy-five (75.0) basis points on each such Acquisition Increasing Lender’s new or increased Commitment to such Borrowing Base under the Credit Agreement as increased pursuant to Section 7 above (it being understood and agreed that such upfront fee shall not be payable with respect to any Lender or its affiliates if the total Commitment of such Lender and its affiliates to the Borrowing Base is less than or equal to the total Commitment of such Lender and its affiliates to the Borrowing Base under the Credit Agreement immediately prior to the Amendment Effective Date).
Borrowing Base Increase Fees. The Borrower agrees to pay to the Administrative Agent concurrently with effectiveness of this Amendment for the account of each Lender whose Commitment to the Borrowing Base under the Credit Agreement has increased relative to such Lender’s Commitment to the Borrowing Base under the Credit Agreement immediately prior to the Amendment Effective Date, a one-time upfront fee in an amount of forty (40.0) basis points on each such Lender’s increased Commitment to the Borrowing Base under the Credit Agreement as increased pursuant to Section 4 above (it being understood and agreed that such upfront fee shall not be payable with respect to any Lender or its affiliates if the total Commitment of such Lender and its affiliates to the Borrowing Base is less than or equal to the total Commitment of such Lender and its affiliates to the Borrowing Base under the Credit Agreement immediately prior to the Amendment Effective Date).
Borrowing Base Increase Fees. Borrower agrees to pay to the Agent for the ratable benefit of the Banks, from time to time, a Borrowing Base increase fee equal to one-half of one percent (0.50%) of the amount of any increase in the Borrowing Base. The Borrowing Base increase fee shall be payable immediately upon notice to Borrower of any such increase.
