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”).

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.

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.

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.