Common use of Determination of the Borrowing Base Clause in Contracts

Determination of the Borrowing Base. During the period from the date hereof to the date of the next determination of the Borrowing Base pursuant to the further provisions of this Section 2.16, the initial amount of the Borrowing Base will be an amount set by the Agent on the date hereof and acknowledged by the Borrower (the “Initial Borrowing Base”).

Appears in 1 contract

Samples: Credit Agreement (ECA Marcellus Trust I)

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Determination of the Borrowing Base. During the period from the date hereof to the date of the next first determination of the Borrowing Base pursuant to the further provisions of this Section 2.162.8, the initial amount of the Borrowing Base will be an amount has been set by the Administrative Agent on the date hereof and acknowledged by the Borrower (and agreed to by the “Initial Borrowing Base”)Banks to be $112,500,000.

Appears in 1 contract

Samples: Credit Agreement (Magnum Hunter Resources Inc)

Determination of the Borrowing Base. During the period from the date hereof to the date of the next first determination of the Borrowing Base pursuant to the further provisions of this Section 2.162.8, the initial amount of the Borrowing Base will be an amount has been set by the Administrative Agent on the date hereof and acknowledged by the Borrower (and agreed to by the “Initial Borrowing Base”)Lenders to be $205,000,000.

Appears in 1 contract

Samples: Credit Agreement (Coho Energy Inc)

Determination of the Borrowing Base. During the period from the date hereof to the date of the next first determination of the Borrowing Base pursuant to the further provisions of this Section 2.162.7, the initial amount of the Borrowing Base will shall be an amount as set by forth in a letter agreement between the Borrower and the Agent on the date hereof and acknowledged by the Borrower (the “Initial Borrowing Base”)dated September 11, 1998.

Appears in 1 contract

Samples: Credit Agreement (Vintage Petroleum Inc)

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Determination of the Borrowing Base. During the period from the date hereof to the date of the next first determination of the Borrowing Base pursuant to the further provisions of this Section 2.162.8.2 or Section 2.8.3, the initial amount of the Borrowing Base will be an amount has been set by the Administrative Agent on the date hereof and acknowledged by the Borrower (and agreed to by the “Initial Borrowing Base”)Lenders to be $50,000,000.

Appears in 1 contract

Samples: Credit Agreement (Escalera Resources Co.)

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