Increase in Borrowing Base. The Borrower shall pay to the Administrative Agent, as a fee for the ratable account of the Lenders (i) a fee equal to three-eighths of one percent (0.375%) of each marginal increase in the then current Borrowing Base after the Initial Borrowing Base. Any fee arising under this Section 2.04(b) is to be paid upon the effective date of the related Borrowing Base increase.
Increase in Borrowing Base. The Borrowing Base shall, effective as of the Amendment Effective Date, be increased from $19,000,000 to $25,000,000 and shall remain in effect at that level until the Borrowing Base is redetermined in accordance with the terms of the Credit Agreement.
Increase in Borrowing Base. The Lenders hereby confirm and agree that as of the date hereof the Borrowing Base has been determined to be Cdn.$550,000,000.
Increase in Borrowing Base. The Lenders and the Borrower hereby agree that as of the Effective Date the Borrowing Base shall be $170,000,000 and such Borrowing Base shall remain in effect until the Borrowing Base is redetermined in accordance with the Credit Agreement.
Increase in Borrowing Base. Borrower shall pay to Administrative Agent, as a fee for the ratable account of the Banks, a fee for Borrowing Base increases resulting from redeterminations under Subsection 2.04 hereof, equal to (i) at any time that a Borrowing Base is established and effective, three-eighths of one percent (0.375%) of each marginal increase in the Borrowing Base over the previous maximum Borrowing Base, and (ii) at any time that the Borrowing Base equals the Conforming Borrowing Base (after giving effect to any increase in the Conforming Borrowing Base), one-quarter of one percent (0.25%) of each marginal increase in the Borrowing Base over the previous maximum Borrowing Base. Any fee arising under this Subsection 2.06(b) is to be paid upon the effective date of the related Borrowing Base increase.
Increase in Borrowing Base. After giving effect to the Assignment and subject to the terms of this Agreement, the Assignee Lenders and the Borrower hereby agree that as of the Effective Date the Borrowing Base shall be $135,000,000 and such Borrowing Base shall remain in effect until the Borrowing Base is redetermined in accordance with the Credit Agreement.
Increase in Borrowing Base. As of the Seventh Amendment Effective Date, each of the Lenders and the Borrower agree that the amount of the Borrowing Base shall be $800,000,000 and such Borrowing Base shall remain in effect until the Borrowing Base is otherwise redetermined or adjusted in accordance with the Credit Agreement or Section 4 hereof. This provision does not limit the right of the parties to initiate interim redeterminations of the Borrowing Base in accordance with Section 2.07(b) or further adjustments pursuant to Section 2.07(e), Section 2.07(f), Section 8.13(c) or Section 9.13. The parties hereto acknowledge and agree that the Borrowing Base redetermination set forth in this Section 3 shall be deemed to be the Scheduled Redetermination scheduled for May 1, 2014 as provided in Section 2.07(b). This Section 3 constitutes the New Borrowing Base Notice in accordance with Section 2.07(d).
Increase in Borrowing Base. (a) Section 3.11(a) of the Credit Agreement is hereby amended by deleting “$[Redacted – Confidential]” where it appears therein and to substitute therefor “$[Redacted – Confidential]”.
Increase in Borrowing Base. Subject to the terms of this Agreement, the Administrative Agent, the Lenders and the Borrowers hereby agree that as of the Effective Date the Borrowing Base shall be $450,000,000 and such Borrowing Base shall remain in effect at that level until the next redetermination or adjustment of the Borrowing Base is made pursuant to Section 2.02 of the Credit Agreement.
Increase in Borrowing Base. The definition of the term “Borrowing Base” set forth in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety as follows:
