Common use of Borrowing Base Redetermination Clause in Contracts

Borrowing Base Redetermination. For the period from and including the First Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $240,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Sections 2.07(e), 2.07(f), 8.12(c) or 9.12(d) or pursuant to Section 3.3 of this First Amendment.

Appears in 1 contract

Samples: Credit Agreement (Parsley Energy, Inc.)

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Borrowing Base Redetermination. For the period from and including the First Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $240,000,0001,500,000,000.00. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Sections 2.07(e), 2.07(f), 8.12(cSection 8.13(c) or Section 9.12(d) or pursuant to Section 3.3 ). For the avoidance of this First Amendment.doubt, the redetermination herein shall constitute the October 1, 2013 Scheduled Redetermination and the next Scheduled Redetermination shall be the April 1, 2014

Appears in 1 contract

Samples: Credit Agreement (Oasis Petroleum Inc.)

Borrowing Base Redetermination. For the period from and including the First Sixth Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $240,000,000450,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Sections Section 2.07(e), 2.07(f(f), 8.12(cSection 8.13(c) or 9.12(d) or pursuant to Section 3.3 9.12 of this First Amendmentthe Credit Agreement. For the avoidance of doubt, the redetermination herein shall constitute the October 1, 2012 Scheduled Redetermination.

Appears in 1 contract

Samples: Credit Agreement (Kodiak Oil & Gas Corp)

Borrowing Base Redetermination. For the period from and including the First Tenth Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $240,000,0001,100,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Sections 2.07(e), 2.07(f), 8.12(c) or 9.12(d) or pursuant to Section 3.3 the terms of this First Amendmentthe Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Kodiak Oil & Gas Corp)

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Borrowing Base Redetermination. For the period from and including the First Eighth Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $240,000,000650,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Sections Section 2.07(e), 2.07(f(f), 8.12(cSection 8.13(c) or 9.12(d) or pursuant to Section 3.3 9.12 of this First Amendmentthe Credit Agreement. For the avoidance of doubt, the redetermination herein shall constitute the April 1, 2013 Scheduled Redetermination.

Appears in 1 contract

Samples: Credit Agreement (Kodiak Oil & Gas Corp)

Borrowing Base Redetermination. For the period from and including the Effective Date of this First Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $240,000,00050,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Sections Section 2.07(e), 2.07(f), 8.12(cSection 8.13(c) or Section 9.12(d) or pursuant to Section 3.3 of this First Amendment).

Appears in 1 contract

Samples: Credit Agreement (Dune Energy Inc)

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