Common use of Changes of Commitments Clause in Contracts

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) or (ii) the Borrowing Base as determined from time to time.

Appears in 8 contracts

Samples: Credit Agreement (Earthstone Energy Inc), Credit Agreement (Earthstone Energy Inc), Credit Agreement (Earthstone Energy Inc)

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Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts Amount after adjustments resulting from reductions pursuant to Section 2.03(b) hereof or (ii) the Borrowing Base as determined from time to timetime pursuant to Section 2.08(f) hereof.

Appears in 4 contracts

Samples: Credit Agreement (McMoran Exploration Co /De/), Credit Agreement (McMoran Oil & Gas Co /De/), Credit Agreement (McMoran Exploration Co /De/)

Changes of Commitments. (a) The Aggregate Commitments Maximum Revolving Credit Amounts shall at all times be equal to the lesser of (i) the Aggregate Maximum Revolving Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) or (ii) the Borrowing Base as determined from time to time2.04(b).

Appears in 4 contracts

Samples: Credit Agreement (NPC Restaurant Holdings, LLC), Credit Agreement (NPC Restaurant Holdings, LLC), Franchise Agreement (NPC Operating Co B, Inc.)

Changes of Commitments. (a) The Aggregate Revolving Credit Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Revolving Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) or (ii) the Borrowing Base as determined from time to time.

Appears in 4 contracts

Samples: Credit Agreement (Crimson Exploration Inc.), Credit Agreement (Crimson Exploration Inc.), Credit Agreement (Aroc Inc)

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Revolving Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) or (ii) the Borrowing Base as determined from time to time.

Appears in 3 contracts

Samples: Credit Agreement (Contango Oil & Gas Co), Credit Agreement (Isramco Inc), Credit Agreement (Isramco Inc)

Changes of Commitments. (a) The Aggregate Revolving Credit Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Revolving Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) or (ii) the then effective Borrowing Base as determined from time to time.

Appears in 3 contracts

Samples: Credit Agreement (Georesources Inc), Credit Agreement (Resource America Inc), Credit Agreement (Atlas America Inc)

Changes of Commitments. (a) The Aggregate Facility A Commitments shall at all times be equal to the lesser of (i) the Aggregate Facility A Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) or (ii) the Borrowing Base as determined from time to time.

Appears in 2 contracts

Samples: Credit Agreement (Howell Corp /De/), Credit Agreement (Howell Corp /De/)

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) or increases pursuant to Section 2.03(d), and (ii) the Borrowing Base as determined from time to time.

Appears in 2 contracts

Samples: Credit Agreement (Newfield Exploration Co /De/), Credit Agreement (Newfield Exploration Co /De/)

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts Amounts, after adjustments resulting from reductions pursuant to Section Sections 2.03(b) ), or (ii) the Borrowing Base as determined from time to time.

Appears in 2 contracts

Samples: Credit Agreement (Corrida Resources Inc), Credit Agreement (Corrida Resources Inc)

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) or increases pursuant to Section 2.03(d), (ii) the Borrowing Base as determined from time to time and (iii) the Designated Borrowing Base as determined from time to time.

Appears in 1 contract

Samples: Credit Agreement (Newfield Exploration Co /De/)

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section Sections 2.03(b) or 5.06 hereof or (ii) the Borrowing Base as determined from time to time.

Appears in 1 contract

Samples: Credit Agreement (Ocean Energy Inc)

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) or (ii) the Borrowing Base as determined from time to time.

Appears in 1 contract

Samples: Credit Agreement (Atp Oil & Gas Corp)

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Revolving Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) ), or (ii) the Borrowing Base as determined from time to time.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (BRL Universal Equipment Corp)

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b2.03(c) hereof or (ii) the Borrowing Base Available Amount as determined from time to time.

Appears in 1 contract

Samples: Credit Agreement (Transcoastal Marine Services Inc)

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section Sections 2.03(b) and (c) or (ii) the Borrowing Base as determined from time to time.

Appears in 1 contract

Samples: Credit Agreement (Atp Oil & Gas Corp)

Changes of Commitments. (a) The Aggregate Commitments shall at all times be (i) equal to the Aggregate Maximum Credit Amounts or (ii) during a Borrowing Base Period, equal to the lesser of (iA) the Aggregate Maximum Credit Amounts after adjustments resulting from reductions or (B) the Facility Borrowing Base as and when determined pursuant to Section 2.03(b) or (ii) the Borrowing Base as determined from time to time12.17(b).

Appears in 1 contract

Samples: Assignment Agreement (Louis Dreyfus Natural Gas Corp)

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Changes of Commitments. (a) The Aggregate Tranche A Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Tranche A Credit Amounts Amount after adjustments resulting from reductions pursuant to Section 2.03(b) hereof, or (ii) the Borrowing Base as determined from time to timetime pursuant to Section 2.08(f) hereof.

Appears in 1 contract

Samples: Credit Agreement (McMoran Exploration Co /De/)

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section Sections 2.03(b) or and (ii) the Borrowing Base as determined from time to time.

Appears in 1 contract

Samples: Credit Agreement (Petrocorp Inc)

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section Sections 2.03(b) or (ii) the Borrowing Base as determined from time to time.

Appears in 1 contract

Samples: Credit Agreement (Queen Sand Resources Inc)

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) hereof until January 31, 1999 after which date it shall be equal to the lesser of (i) the Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) hereof or (ii) the Borrowing Base as determined from time to time.

Appears in 1 contract

Samples: Credit Agreement (Brigham Exploration Co)

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) hereof or (ii) the Borrowing Base as determined from time to time.

Appears in 1 contract

Samples: Credit Agreement (Pentacon Inc)

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section Sections 2.03(b) or (c) and (ii) the Borrowing Base as determined from time to time.

Appears in 1 contract

Samples: Credit Agreement (Petrocorp Inc)

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts Amount after adjustments resulting from reductions pursuant to Section 2.03(b) or and (c) and (ii) the Borrowing Base as determined from time to time.

Appears in 1 contract

Samples: Credit Agreement (Callon Petroleum Co)

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section Sections 2.03(b), 2.03(d) or 2.03(e) hereof or (ii) the Borrowing Base as determined from time to time.

Appears in 1 contract

Samples: Credit Agreement (Flores & Rucks Inc /De/)

Changes of Commitments. (a) The Aggregate Commitments shall at all times be equal to the lesser of (i) the Aggregate Maximum Credit Amounts after adjustments resulting from reductions pursuant to Section 2.03(b) or (ii) the Borrowing Base as determined from time to timehereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Rowan Companies Inc)

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