Common use of Borrowing Base Notification Clause in Contracts

Borrowing Base Notification. From the date of this Fourth Amendment to, but excluding, the next redetermination of the Borrowing Base, as set forth in the Existing Credit Agreement, as amended hereby, the Borrowing Base shall be reduced to Forty-Five Million Dollars ($45,000,000.00). The foregoing adjustment of the Borrowing Base constitutes the periodic redetermination of the Borrowing Base under Section 2.6(b) of the Existing Credit Agreement for June 1, 2023, and is not an Unscheduled Redetermination. Borrower, Administrative Agent and Lxxxxxx hereby agree that this provision satisfies all notification requirements as set forth in the Credit Agreement.

Borrowing Base Notification. From the date of this Fourth Fifth Amendment to, but excluding, the next redetermination of the Borrowing Base, as set forth in the Existing Credit Agreement, as amended hereby, the Borrowing Base shall be reduced increased to Forty-Five Fifty Million Dollars ($45,000,000.0050,000,000.00). The foregoing adjustment of the Borrowing Base constitutes the periodic redetermination of the Borrowing Base under Section 2.6(b) of the Existing Credit Agreement for June December 1, 2023, and is not an Unscheduled Redetermination. Borrower, Administrative Agent and Lxxxxxx Xxxxxxx hereby agree that this provision satisfies all notification requirements as set forth in the Credit Agreement.

Borrowing Base Notification. From the date of this Fourth Amendment to, but excluding, the next redetermination of the Borrowing Base, as set forth in the Existing Credit Agreement, as amended hereby, the Borrowing Base shall be reduced to Forty-Five reaffirmed at Fifty Million Dollars ($45,000,000.0050,000,000.00). The foregoing adjustment of the Borrowing Base constitutes the periodic redetermination of the Borrowing Base under Section 2.6(b) of the Existing Credit Agreement for June 1December 7, 20232022, and is not an Unscheduled Redetermination. Borrower, Administrative Agent and Lxxxxxx hereby agree that this provision satisfies all notification requirements as set forth in the Credit Agreement.

Borrowing Base Notification. From the date of this Fourth Sixth Amendment to, but excluding, the next redetermination of the Borrowing Base, as set forth in the Existing Credit Agreement, as amended hereby, the Borrowing Base shall be reduced to Forty-Five reaffirmed at Fifty Million Dollars ($45,000,000.0050,000,000.00). The foregoing adjustment of the Borrowing Base constitutes the periodic redetermination of the Borrowing Base under Section 2.6(b) of the Existing Credit Agreement for June 1, 20232024, and is not an Unscheduled Redetermination. Borrower, Administrative Agent and Lxxxxxx hereby agree that this provision satisfies all notification requirements as set forth in the Credit Agreement.