Common use of Borrowing Base Redetermination Clause in Contracts

Borrowing Base Redetermination. Subject to the satisfaction of the conditions precedent set forth in Section 6 hereof, Administrative Agent and the Lenders hereby agree that for the period from and including the Eighth Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be increased to $2,150,000,000 (the “April 2018 Redetermination”). Administrative Agent, the Lenders and Borrower agree that the foregoing constitutes the April 1, 2018 Scheduled Redetermination and that this Eighth Amendment shall constitute the New Borrowing Base Notice with respect to such Scheduled Redetermination. Notwithstanding the foregoing, the Borrowing Base may be subject to further redeterminations and adjustments from time to time pursuant to Section 2.07 or Section 8.12(c).

Borrowing Base Redetermination. Subject to the satisfaction of the conditions precedent set forth in Section 6 4 hereof, Administrative Agent and the Lenders hereby agree that for the period from and including the Eighth Sixth Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be increased to $2,150,000,000 1,400,000,000 (the “April 2018 2017 Redetermination”). Administrative Agent, the Lenders and Borrower agree that the foregoing constitutes the April 1, 2018 2017 Scheduled Redetermination and that this Eighth Sixth Amendment shall constitute the New Borrowing Base Notice with respect to such Scheduled Redetermination. Notwithstanding the foregoing, the Borrowing Base may be subject to further redeterminations and adjustments from time to time pursuant to Section 2.07 or Section 8.12(c). The Aggregate Commitment shall remain equal to $1,050,000,000.

Borrowing Base Redetermination. Subject to the satisfaction of the conditions precedent set forth in Section 6 4 hereof, Administrative Agent and the Lenders hereby agree that for the period from and including the Eighth Fifth Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall remain and be increased to reaffirmed at $2,150,000,000 1,050,000,000 (the “April 2018 October 2016 Redetermination”). Administrative Agent, the Lenders and Borrower agree that the foregoing constitutes the April October 1, 2018 2016 Scheduled Redetermination and that this Eighth Fifth Amendment shall constitute the New Borrowing Base Notice with respect to such Scheduled Redetermination. Notwithstanding the foregoing, the Borrowing Base may be subject to further redeterminations and adjustments from time to time pursuant to Section 2.07 or Section 8.12(c).

Borrowing Base Redetermination. Subject to the satisfaction of the conditions precedent set forth in Section 6 hereof, Administrative Agent and the Lenders hereby agree that for the period from and including the Eighth Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be increased to $2,150,000,000 1,700,000,000 (the “April 2018 October 2017 Redetermination”). Administrative Agent, the Lenders and Borrower agree that the foregoing constitutes the April October 1, 2018 2017 Scheduled Redetermination and that this Eighth Amendment shall constitute the New Borrowing Base Notice with respect to such Scheduled Redetermination. Notwithstanding the foregoing, the Borrowing Base may be subject to further redeterminations and adjustments from time to time pursuant to Section 2.07 or Section 8.12(c). The Aggregate Commitment shall remain equal to $1,050,000,000.