Common use of Borrowing Base Redetermination Clause in Contracts

Borrowing Base Redetermination. Pursuant to Section 2.07 of the Credit Agreement, the Administrative Agent and the Lenders agree that for the period from and including the Third Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $1,700,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.7(e), Section 8.13(c) or Section 9.12(d). For the avoidance of doubt, the redetermination herein shall constitute the April 1, 2015 Scheduled Redetermination and the next Scheduled Redetermination shall be the October 1, 2015

Borrowing Base Redetermination. Pursuant to Section 2.07 of the Credit Agreement2.07, the Administrative Agent and the Lenders agree that for the period from and including the Third Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $1,700,000,000875,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.7(e2.07(e), Section 8.13(c2.07(f) or Section 9.12(d8.12(c). For the avoidance of doubt, the redetermination herein shall constitute the April October 1, 2015 2017 Scheduled Redetermination and the next Scheduled Redetermination shall be the October April 1, 20152018

Borrowing Base Redetermination. Pursuant to Section 2.07 of the Credit Agreement, the Administrative Agent and the Lenders agree that for the period from and including the Third Second Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $1,700,000,0002,000,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.7(e), Section 8.13(c) or Section 9.12(d). For the avoidance of doubt, the redetermination herein shall constitute the April October 1, 2015 2014 Scheduled Redetermination and the next Scheduled Redetermination shall be the October April 1, 20152015 Scheduled Redetermination.

Borrowing Base Redetermination. Pursuant to Section 2.07 of the Credit Agreement, the Administrative Agent and the Requisite Increase Lenders agree that for the period from and including the Third Eighth Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $1,700,000,0001,600,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.7(e2.07(e), Section 8.13(c) or Section 9.12(d). For the avoidance of doubt, the redetermination herein shall constitute the April 1, 2015 2017 Scheduled Redetermination and the next Scheduled Redetermination shall be the October 1, 20152017 Scheduled Redetermination.

Borrowing Base Redetermination. Pursuant to Section 2.07 of the Credit Agreement2.07, the Administrative Agent and the Lenders agree that for the period from and including the Third Fourth Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $1,700,000,0001,050,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.7(e2.07(e), Section 8.13(c2.07(f) or Section 9.12(d8.12(c). For the avoidance of doubt, the redetermination herein shall constitute the April 1, 2015 2018 Scheduled Redetermination and the next Scheduled Redetermination shall be the October 1, 20152018 Scheduled Redetermination.

Borrowing Base Redetermination. Pursuant to Section 2.07 of the Credit Agreement2.07, the Administrative Agent and the Lenders agree that for the period from and including the Third First Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $1,700,000,000450,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.7(e2.07(e), Section 8.13(c2.07(f) or Section 9.12(d8.12(c). For the avoidance of doubt, the redetermination herein shall constitute the April 1, 2015 2017 Scheduled Redetermination and the next Scheduled Redetermination shall be the October 1, 20152017 Scheduled Redetermination.

Borrowing Base Redetermination. Pursuant to Section 2.07 of the Credit Agreement2.07, the Administrative Agent and the Lenders agree that for the period from and including the Third Fifth Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $1,700,000,0001,300,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.7(e), Section 8.13(c2.07(e) or Section 9.12(d2.07(f) or Section 8.13(c). For the avoidance of doubt, the redetermination herein shall constitute the April October 1, 2015 2018 Scheduled Redetermination and the next Scheduled Redetermination shall be the October April 1, 20152019 Scheduled Redetermination.

Borrowing Base Redetermination. Pursuant to Section 2.07 of the Credit Agreement, the Administrative Agent and the Required Lenders agree that for the period from and including the Third Seventh Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $1,700,000,0001,150,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.7(e2.07(e), Section 8.13(c) or Section 9.12(d). For the avoidance of doubt, the redetermination herein shall constitute the April October 1, 2015 2016 Scheduled Redetermination and the next Scheduled Redetermination shall be the October April 1, 20152017 Scheduled Redetermination.