Common use of Borrowing Base Redetermination Clause in Contracts

Borrowing Base Redetermination. The Lenders and the Borrower agree that from and after the Fourth Amendment Effective Date up to the next redetermination, the amount of the Borrowing Base shall be $325,000,000. This provision does not limit the right of the parties to initiate interim redeterminations of the Borrowing Base in accordance with Section 2.07(e) or further adjustments pursuant to Section 8.13(c), Section 8.18 or Section 9.13. This Section 3 constitutes notice of the redetermined Borrowing Base in accordance with Section 2.07(d) of the Credit Agreement.

Borrowing Base Redetermination. The Lenders and the Borrower hereby agree that for the period from and after including the Fourth Fifth Amendment Effective Date up to but excluding the next redeterminationRedetermination Date, the amount of the Borrowing Base shall be reaffirmed at $325,000,0001,100,000,000.00. This provision does not limit Notwithstanding the right of the parties to initiate interim redeterminations of foregoing, the Borrowing Base in accordance with Section 2.07(e) or may be subject to further adjustments from time to time pursuant to Section 2.07, Section 8.13(c), Section 8.18 9.02(i), Section 9.02(j), or Section 9.13. This Section 3 constitutes notice of the redetermined Borrowing Base in accordance with Section 2.07(d) of the Credit Agreement.9.12

Borrowing Base Redetermination. The Lenders and the Borrower hereby agree that (a) for the period from and after including the Fourth Third Amendment Effective Date up to but excluding the next redeterminationRedetermination Date, the amount of the Borrowing Base shall be reduced from $325,000,0001,600,000,000.00 to $1,100,000,000.00. This provision does not limit Notwithstanding the right of the parties to initiate interim redeterminations of foregoing, the Borrowing Base in accordance with Section 2.07(e) or may be subject to further adjustments from time to time pursuant to Section 2.07, Section 8.13(c), Section 8.18 9.02(i), or Section 9.13. This Section 3 constitutes notice of the redetermined Borrowing Base in accordance with Section 2.07(d) of the Credit Agreement.9.12

Borrowing Base Redetermination. The Lenders and the Borrower hereby agree that for the period from and after including the Fourth Amendment Effective Date up to but excluding the next redeterminationRedetermination Date, the amount of the Borrowing Base shall be equal to $325,000,0002,000,000,000.00. This provision does not limit Notwithstanding the right of the parties to initiate interim redeterminations of foregoing, the Borrowing Base in accordance with Section 2.07(e) or may be subject to further adjustments from time to time pursuant to Section 2.07, Section 8.13(c), Section 8.18 9.02(i), Section 9.12, Section 9.17 or Section 9.13. This Section 3 constitutes notice of the redetermined Borrowing Base in accordance with Section 2.07(d) of the Credit Agreement.9.18