Common use of Decrease of Borrowing Base Clause in Contracts

Decrease of Borrowing Base. Effective as of the Third Amendment Effective Date, the Borrowing Base is hereby decreased to $73,000,000.00. The foregoing decrease of the Borrowing Base is a periodic redetermination of the Borrowing Base under Section 2.9(b) of the Credit Agreement. The Borrowing Base as decreased herein will remain in effect until the date of the next periodic redetermination of the Borrowing Base under Section 2.9(b) of the Credit Agreement, unless otherwise adjusted pursuant to the provisions of Section 2.9 of the Credit Agreement.

Decrease of Borrowing Base. Effective as of the Third Amendment Effective Date, the Borrowing Base is hereby decreased from $450,000,000 to $73,000,000.00100,000,000. The foregoing decrease of Once effective, the new Borrowing Base amount shall remain in effect at that level until the Borrowing Base is a periodic redetermination of the Borrowing Base under Section 2.9(b) of redetermined or reduced in accordance with the Credit Agreement. The Borrowing Base as decreased herein will remain For the avoidance of doubt, the decrease in effect until the date of the next periodic redetermination of the Borrowing Base under Section 2.9(b) of the Credit Agreement, unless otherwise adjusted pursuant to this Section 3 is the provisions of Section 2.9 of the Credit AgreementScheduled Redetermination scheduled to be made on or about May 1, 2016.

Decrease of Borrowing Base. Effective as of the Third Amendment Effective Date, the Borrowing Base is hereby decreased from $600,000,000 to $73,000,000.00500,000,000. The foregoing decrease of Once effective, the new Borrowing Base amount shall remain in effect at that level until the Borrowing Base is a periodic redetermination of the Borrowing Base under Section 2.9(b) of redetermined or reduced in accordance with the Credit Agreement. The Borrowing Base as decreased herein will remain For the avoidance of doubt, the decrease in effect until the date of the next periodic redetermination of the Borrowing Base under Section 2.9(b) of the Credit Agreement, unless otherwise adjusted pursuant to this Section 3 is the provisions of Section 2.9 of the Credit AgreementScheduled Redetermination scheduled to be made on or about May 1, 2015.

Decrease of Borrowing Base. Effective as of the Third Amendment Effective Date, the The Borrowing Base is hereby decreased from $180,000,000 to $73,000,000.00120,000,000. The foregoing decrease of the Borrowing Base is a periodic This redetermination of the Borrowing Base under constitutes the Scheduled Redetermination of the Borrowing Base to be made on or about May 1, 2016 pursuant to Section 2.9(b2.07(b) of the Credit Agreement. The Borrowing Base as decreased herein will shall remain at this amount until next redetermined in effect until the date of the next periodic redetermination of the Borrowing Base under accordance with Section 2.9(b) of the Credit Agreement, unless otherwise adjusted pursuant to the provisions of Section 2.9 2.07 of the Credit Agreement.

Decrease of Borrowing Base. Effective as of the Third Amendment Effective Date, the Borrowing Base is hereby decreased from $500,000,000 to $73,000,000.00450,000,000. The foregoing decrease of Once effective, the new Borrowing Base amount shall remain in effect at that level until the Borrowing Base is a periodic redetermination of the Borrowing Base under Section 2.9(b) of redetermined or reduced in accordance with the Credit Agreement. The Borrowing Base as decreased herein will remain For the avoidance of doubt, the decrease in effect until the date of the next periodic redetermination of the Borrowing Base under Section 2.9(b) of the Credit Agreement, unless otherwise adjusted pursuant to this Section 3 is the provisions of Section 2.9 of the Credit AgreementScheduled Redetermination scheduled to be made on or about November 1, 2015.