Common use of Increase in Borrowing Base Clause in Contracts

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 Borrower shall pay to the Administrative Agent, as a fee for the ratable account of the Lenders (iBanks, as a fee for Borrowing Base increases resulting from redeterminations under Subsection 2.04(a) hereof, a fee equal to threeone-eighths quarter of one percent (0.3750.25%) of each marginal increase in over the then current highest of any prior Borrowing Base after during the Initial Borrowing Baseterm of this Agreement. Any fee arising under this Section 2.04(bSubsection 2.06(b) is to be paid upon the effective date of the related Borrowing Base increase.

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 threeone-eighths quarter of one percent (0.3750.25%) of the Initial Borrowing Base and (ii) a fee equal to one quarter of one percent (0.25%) 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 Closing Date in the case of clause (i) and upon the effective date of the related Borrowing Base increaseincrease in the case of clause (ii).

Increase in Borrowing Base. The Borrower shall pay to the Administrative Agent, as a fee for the ratable account of the Lenders (i) Banks, a fee for Borrowing Base increases resulting from redeterminations under Subsection 2.04 hereof, equal to threeone-eighths quarter of one percent (0.3750.25%) of each marginal increase in over the then current Borrowing Base after the Initial previous maximum Borrowing Base. Any fee arising under this Section 2.04(bSubsection 2.06(b) is to be paid upon the effective date of the related Borrowing Base increase.

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 quarters of one percent (0.3750.75%) of the Initial Borrowing Base and (ii) a fee equal to three-quarters of one percent (0.75%) 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 Closing Date in the case of clause (i) and upon the effective date of the related Borrowing Base increaseincrease in the case of clause (ii).