Common use of Borrowing Base Limit Clause in Contracts

Borrowing Base Limit. The Borrower and the Lenders agree: (a) as of the Closing, the Borrowing Base Limit is set at Cdn. $400,000,000; and (b) the Borrowing Base Limit referred to in Section 8.2(a) shall be subject to adjustment and redetermination as provided for in this Article 8.

Borrowing Base Limit. The Borrower and the Lenders agree: (a) as of the Closing, the Borrowing Base Limit is set at Cdn. $400,000,000275,000,000; and (b) the Borrowing Base Limit referred to in Section 8.2(a7.2(a) shall be subject to adjustment and redetermination as provided for in this Article 87.

Borrowing Base Limit. The Borrower and the Revolving Credit Facility Lenders agree: (a) as of the ClosingEffective Time, the Borrowing Base Limit is set at shall be Cdn. $400,000,000160,000,000; and (b) the Borrowing Base Limit referred to in Section 8.2(a7.2(a) shall be subject to adjustment and redetermination as provided for in this Article 87.

Borrowing Base Limit. The Borrower and the Lenders agree: (a) as of the ClosingEffective Time, the Borrowing Base Limit is set at shall be Cdn. $400,000,000200,000,000; and (b) the Borrowing Base Limit referred to in Section 8.2(a7.2(a) shall be subject to adjustment and redetermination as provided for in this Article 8.7. -61- Execution Form CAL_LAW\ 1265540\5

Borrowing Base Limit. The Borrower and the Lenders agree: (a) as of the Closing, the Borrowing Base Limit is set at Cdn. $400,000,000525,000,000; and (b) the Borrowing Base Limit referred to in Section 8.2(a7.2(a) shall be subject to adjustment and redetermination as provided for in this Article 87.