Common use of Borrowing Base Increase Clause in Contracts

Borrowing Base Increase. Effective as of the Effective Date, the Borrowing Base is hereby increased from $155,000,000.00 to $250,000,000. Once effective, the new Borrowing Base amount shall remain in effect at that level until the Borrowing Base is redetermined or reduced in accordance with the Credit Agreement.

Borrowing Base Increase. Effective as of the Effective Date, the Borrowing Base is hereby increased from $155,000,000.00 300,000,000.00 to $250,000,000385,000,000. Once effective, the new Borrowing Base amount shall remain in effect at that level until the Borrowing Base is redetermined or reduced in accordance with the Credit Agreement.. 

Borrowing Base Increase. Effective as of the Effective Date, the Borrowing Base is hereby increased from $155,000,000.00 to $250,000,00065,000,000. Once effective, the new Borrowing Base amount shall remain in effect at that level until the Borrowing Base is redetermined or reduced adjusted in accordance with the Credit Agreement. For the avoidance of doubt, the increase in the Borrowing Base pursuant to this Section 4 is the scheduled April 2016 redetermination pursuant to Section 2.2(b)(ii) of the Credit Agreement.

Borrowing Base Increase. Effective as of the Effective Date, the Borrowing Base is hereby increased from $155,000,000.00 to $250,000,000100,000,000. Once effective, the new Borrowing Base amount shall remain in effect at that level until the Borrowing Base is redetermined or reduced adjusted in accordance with the Credit Agreement. For the avoidance of doubt, the increase in the Borrowing Base pursuant to this Section 4 is the scheduled July 1 Quarterly Redetermination pursuant to Section 2.2(c)(iii) of the Credit Agreement.

Borrowing Base Increase. Effective as of the Effective Datedate hereof, the Borrowing Base is hereby increased from $155,000,000.00 500,000,000 to $250,000,000600,000,000. Once effective, the new Borrowing Base amount shall remain in effect at that level until The foregoing increase of the Borrowing Base is redetermined or reduced for the Scheduled Redetermination on November 1, 2015. The Borrowing Base as increased will remain in accordance with effect until May 1, 2016, which is the next Scheduled Redetermination, unless otherwise adjusted pursuant to the provisions of Section 2.06 of the Credit Agreement.