Common use of Discretionary Determination of the Borrowing Base Clause in Contracts

Discretionary Determination of the Borrowing Base. If, in addition to the foregoing scheduled annual and semi-annual determinations of the Borrowing Base, the Lenders (or the Applicable Lenders) shall be requested by the Borrower to redetermine the Borrowing Base, in their sole discretion based on their respective customary practices and standards for oil and gas loans, then the Borrower shall pay to the Agent a fee of $25,000 and to each Lender (other than the Agent) a fee of $12,500 in connection with such redetermination.

Discretionary Determination of the Borrowing Base. If, in ------------------------------------------------- addition to the foregoing scheduled annual and semi-annual determinations of the Borrowing Base, the Lenders (or the Applicable Lenders) shall be requested by the Borrower to redetermine the Borrowing Base, in their sole discretion based on their respective customary practices and standards for oil and gas loans, then the Borrower shall pay to the Agent a fee of $25,000 and to each Lender (other than the Agent) a fee of $12,500 in connection with such redetermination.