Common use of Borrowing Base Increase Fees Clause in Contracts

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.

Appears in 10 contracts

Samples: Credit Agreement (Parsley Energy, Inc.), Credit Agreement, Credit Agreement (Parsley Energy, Inc.)

AutoNDA by SimpleDocs

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.

Appears in 7 contracts

Samples: Credit Agreement (ABC Funding, Inc), Credit Agreement (Petro Resources Corp), Senior Revolving Credit Agreement (Rosetta Resources Inc.)

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 set forth in a separate written agreement on the amount of any increase of the Borrowing Base over the highest Borrowing Base previously in effectBase, payable on the effective date of any such increase to the Borrowing Base.

Appears in 7 contracts

Samples: Credit Agreement (Vitesse Energy, Inc.), Credit Agreement (Vitesse Energy, Inc.), Credit Agreement (Vitesse Energy, Inc.)

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 set forth in a separate written agreement on the amount of any increase of the Borrowing Base over above the highest previous Borrowing Base previously in effecteffect during the term of this Agreement, payable on the effective date of any such increase to the Borrowing Base.

Appears in 4 contracts

Samples: Credit Agreement (Permian Resources Corp), Credit Agreement (Centennial Resource Development, Inc.), Credit Agreement (Centennial Resource Development, Inc.)

Borrowing Base Increase Fees. The Borrower agrees to pay to the Administrative Agent, 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 having a Commitment in connection with any increase of the Borrowing Base over Base, a borrowing base increase fee on the highest Borrowing Base previously amount of such increase. The borrowing base increase fee shall be in effect, an amount equal to .20% multiplied by the amount of the increase and shall be due and payable on the effective date of any such that the increase to the Borrowing BaseBase becomes effective.

Appears in 4 contracts

Samples: Credit Agreement (Abraxas Petroleum Corp), Credit Agreement (Abraxas Petroleum Corp), Credit Agreement (Abraxas Energy Partners LP)

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 equal to be agreed by the Lenders and the Borrower 0.25% 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 day a New Borrowing BaseBase Notice is given.

Appears in 4 contracts

Samples: Credit Agreement (EV Energy Partners, LP), Credit Agreement (Linn Energy, LLC), Credit Agreement (EV Energy Partners, LP)

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 at such time, 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 day a New Borrowing BaseBase Notice is given.

Appears in 3 contracts

Samples: Credit Agreement (Harvest Oil & Gas Corp.), Credit Agreement (EV Energy Partners, LP), Credit Agreement (EV Energy Partners, LP)

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 PercentagePro Rata Share, a Borrowing Base increase fee in an amount to be agreed by the Lenders and the Borrower of 0.25% 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.

Appears in 3 contracts

Samples: Credit Agreement (Quest Resource Corp), Credit Agreement (Quest Energy Partners, L.P.), Credit Agreement (Quest Energy Partners, L.P.)

Borrowing Base Increase Fees. The Borrower agrees to pay to the Administrative Agent, for the account of each Revolving Credit 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 set forth in a separate written agreement on the amount of any increase of the Borrowing Base over above the highest previous Borrowing Base previously in effecteffect during the term of this Agreement, payable on the effective date of any such increase to the Borrowing Base.

Appears in 2 contracts

Samples: Credit Agreement (Centennial Resource Development, Inc.), Credit Agreement (Centennial Resource Development, Inc.)

Borrowing Base Increase Fees. The Borrower agrees to pay to the Administrative Agent, for the account of each Lender (other than a Defaulting 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 effectBase, payable on the effective date of any such increase to the Borrowing Base.

Appears in 2 contracts

Samples: Credit Agreement (Riviera Resources, LLC), Credit Agreement (Linn Energy, Inc.)

Borrowing Base Increase Fees. The Borrower agrees to pay to the Administrative Agent, 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 in connection with any increase of the Borrowing Base over Base, a borrowing base increase fee on the highest Borrowing Base previously amount of such increase. The borrowing base increase fee shall be in effect, an amount equal to 0.50% multiplied by the amount of the increase and shall be due and payable on the effective date of any the initial Advance of such increase to the additional Borrowing Base.

Appears in 2 contracts

Samples: Security Agreement (Cano Petroleum, Inc), Credit Agreement (Cano Petroleum, Inc)

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 occasion of any increase of the Borrowing Base over the highest Borrowing Base previously in effectBase, payable on the effective date of any such increase to the Borrowing Base.

Appears in 2 contracts

Samples: Credit Agreement (Miller Energy Resources, Inc.), Credit Agreement (Dune Energy Inc)

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 PercentagePercentage of the Borrowing Base Increase Amount (as defined below), 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 effecteffect (such amount, the “Borrowing Base Increase Amount”), payable on the effective date of any such increase to the Borrowing Base.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Goodrich Petroleum Corp), Senior Secured Revolving Credit Agreement (Goodrich Petroleum Corp)

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 Borrower, in respect of any increase of to the Borrowing Base over the highest Borrowing Base previously in effectBase, payable on the effective date of any such increase to the Borrowing Baseincrease.

Appears in 1 contract

Samples: Credit Agreement (Contango Oil & Gas Co)

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.in

Appears in 1 contract

Samples: Credit Agreement (Linn Energy, LLC)

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 equal to be agreed by the Lenders and the Borrower 1.25% 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.

Appears in 1 contract

Samples: Credit Agreement (Trans Energy Inc)

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 fee, to be agreed by the Lenders and the Borrower 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.

Appears in 1 contract

Samples: Credit Agreement (Petroquest Energy Inc)

Borrowing Base Increase Fees. The Borrower agrees to pay to the Administrative Agent, 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 having a Commitment in connection with any increase of the Borrowing Base over Base, a borrowing base increase fee on the highest Borrowing Base previously amount of such increase. The borrowing base increase fee shall be in effect, an amount equal to 0.30% multiplied by the amount of the increase and shall be due and payable on the effective date of any such that the increase to the Borrowing BaseBase becomes effective.

Appears in 1 contract

Samples: Security Agreement (Callon Petroleum Co)

Borrowing Base Increase Fees. The Borrower agrees to pay to the Administrative Agent, 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 having a Commitment in connection with any increase of the Borrowing Base over Base, a borrowing base increase fee on the highest Borrowing Base previously amount of such increase. The borrowing base increase fee shall be in effect, an amount equal to ..20% multiplied by the amount of the increase and shall be due and payable on the effective date of any such that the increase to the Borrowing BaseBase becomes effective.

Appears in 1 contract

Samples: Credit Agreement (Abraxas Energy Partners LP)

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 equal to be agreed by the Lenders and the Borrower 25 bps 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.

Appears in 1 contract

Samples: Credit Agreement (Rex Energy Corp)

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 equal to be agreed by the Lenders and the Borrower 0.15% 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.

Appears in 1 contract

Samples: Credit Agreement (Bill Barrett Corp)

Borrowing Base Increase Fees. The Borrower agrees to pay to the Administrative Agent, for the account of each Lender then party to this AgreementAgreement and whose Commitment, ratably in accordance with its Applicable Percentageif any, is increasing, a Borrowing Base increase fee in an amount to be agreed by the Lenders and the Borrower set forth in a separate written agreement on the amount of any increase of the Borrowing Base over the highest Borrowing Base previously in effectBase, payable on the effective date of any such increase to the Borrowing Base.

Appears in 1 contract

Samples: Credit Agreement (BKV Corp)

AutoNDA by SimpleDocs

Borrowing Base Increase Fees. The Borrower agrees to pay to the Administrative Agent, 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 having a Commitment in connection with any increase of the Borrowing Base over Base, a borrowing base increase fee on the highest Borrowing Base previously amount of such increase. The borrowing base increase fee shall be in effect, an amount equal to 0.25% multiplied by the amount of the increase and shall be due and payable on the effective date of any such that the increase to the Borrowing BaseBase becomes effective.

Appears in 1 contract

Samples: Credit Agreement (Crusader Energy Group Inc.)

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 equal to be agreed by the Lenders and the Borrower 0.25% 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.

Appears in 1 contract

Samples: Credit Agreement (Resolute Energy Corp)

Borrowing Base Increase Fees. The Borrower agrees to pay to the Administrative Agent, Agent for the account of each Lender then party to this Agreement, ratably the Lenders in accordance connection with its Applicable Percentageany increase of the Borrowing Base, a Borrowing Base borrowing base increase fee in an amount equal to be agreed 0.25% multiplied by the Lenders and the Borrower on the amount of any increase of the Borrowing Base over the highest Borrowing Base previously in effect, such increase. Such fee shall be due and payable on the effective date of any such that the increase to the Borrowing BaseBase becomes effective.

Appears in 1 contract

Samples: Credit Agreement (Brigham Exploration Co)

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 equal to be agreed by the Lenders and the Borrower 0.25% 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. No fee will be payable on such Borrowing Base amounts that exceed the Aggregate Maximum Credit Amounts.

Appears in 1 contract

Samples: Credit Agreement (McMoran Exploration Co /De/)

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 equal to be agreed by the Lenders and the Borrower 25 bps 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.

Appears in 1 contract

Samples: Credit Agreement (Rex Energy Corp)

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.as follows:

Appears in 1 contract

Samples: Credit Agreement (Linn Energy, LLC)

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 set forth in a separate written agreement on the amount of any increase of the Borrowing Base over above the highest previous Borrowing Base previously in effecteffect during the term of this Agreement, payable on the effective date of any such increase to the Borrowing Base.. ARTICLE IV

Appears in 1 contract

Samples: Credit Agreement (Centennial Resource Development, Inc.)

Borrowing Base Increase Fees. The Borrower agrees to pay to the Administrative Agent, 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 in connection with any increase of the Borrowing Base over which would result in the highest Borrowing Base previously being greater than $62,000,000, a borrowing base increase fee on the amount of such increase. The borrowing base increase fee shall be in effect, an amount equal to .75% multiplied by the amount of the increase and shall be due and payable on the effective date of any such that the increase to the Borrowing BaseBase becomes effective.

Appears in 1 contract

Samples: Credit Agreement (Atp Oil & Gas Corp)

Borrowing Base Increase Fees. The Borrower agrees to pay to the Administrative Agent, 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 having a Commitment in connection with any increase of the Borrowing Base over Base, a borrowing base increase fee on the highest Borrowing Base previously in effect, amount of such increase. The borrowing base increase fee shall be an amount equal to 0.25% multiplied by the amount of the increase and shall be due and payable on the effective date of any such that the increase to the Borrowing BaseBase becomes effective.

Appears in 1 contract

Samples: Credit Agreement (Edge Petroleum Corp)

Borrowing Base Increase Fees. The If required by the Lenders, Borrower agrees to pay to the Administrative Agent, for the account and ratable benefit of each Lender then party to this Agreementthe Lenders, ratably fees payable in accordance with its Applicable Percentage, a Borrowing Base increase fee in an amount to be the amounts and at the times separately agreed by upon between the Lenders Borrower and the Borrower on the amount Administrative Agent in connection with Borrower’s acceptance 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.

Appears in 1 contract

Samples: Credit Agreement (Rosehill Resources Inc.)

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 Conforming Borrowing Base increase fee in an amount equal to be agreed by the Lenders and the Borrower 0.25% on the amount of any increase of the Conforming Borrowing Base (or, if after the Borrowing Base Equalization Date, any increase of the Borrowing Base) over the highest Conforming Borrowing Base (or Borrowing Base) previously in effect, payable on the effective date of any such increase to the day a New Borrowing BaseBase Notice is given.

Appears in 1 contract

Samples: Credit Agreement (Linn Energy, LLC)

Borrowing Base Increase Fees. The Borrower agrees to pay to the Administrative Agent, 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 having a Commitment in connection with any increase of the Borrowing Base over Base, a borrowing base increase fee on the highest Borrowing Base previously in effectamount of such increase to be negotiated by the Agent and the Borrower, which shall be due and payable on the effective date of any such that the increase to the Borrowing BaseBase becomes effective.

Appears in 1 contract

Samples: Credit Agreement (Callon Petroleum Co)

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 PercentagePercentage of the Borrowing Base Increase Amount (as defined below), 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 effecteffect (such amount, the “Borrowing Base Increase Amount”), payable on the effective date of any such increase to the Borrowing Base.. ARTICLE IV

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Lilis Energy, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.