Increase in the Borrowing Base Sample Clauses
Increase in the Borrowing Base. Subject to the terms of this Agreement, as of the Effective Date, the Borrowing Base shall be increased to $625,000,000 and such Borrowing Base shall remain in effect at that level until the effective date of the next Borrowing Base redetermination made in accordance with the terms of the Credit Agreement, as amended hereby. The parties hereto acknowledge and agree that the Borrowing Base redetermination set forth in this Section 4 shall be and be deemed to be the Scheduled Redetermination of the Borrowing Base under Section 2.07(b) of the Credit Agreement for fall 2014. Each Assignor’s and each Assignee’s Applicable Percentage of the resulting Borrowing Base, after giving effect to the assignments made pursuant to Section 3 above and the increase in the Borrowing Base set forth in this Section 4, is set forth in Annex II attached hereto.
Increase in the Borrowing Base. Subject to the terms of this Agreement, as of the Effective Date, the Borrowing Base shall be increased from $340,000,000 to $450,000,000 and such Borrowing Base shall remain in effect at that level until the effective date of the next Borrowing Base redetermination or adjustment made in accordance with the terms of the Credit Agreement, as amended hereby. The parties hereto acknowledge and agree that the Borrowing Base redetermination set forth in this Section 4 is the semi-annual redetermination of the Borrowing Base scheduled to occur on or about October 1, 2018, as provided in Section 2.02(b)(ii) of the Credit Agreement. Each Lender’s Pro Rata Share of the resulting Borrowing Base, after giving effect to the increase in the Borrowing Base set forth in this Section 4, and each Lender’s Maximum Credit Amount, after giving effect to this Agreement, are as set forth in Schedule II attached hereto.
Increase in the Borrowing Base. Subject to the terms of this Agreement, the Lenders, the Borrower, the Administrative Agent and the Issuing Lender hereby agree that as of the Effective Date, the Borrowing Base shall be $600,000,000 and such Borrowing Base shall remain in effect at that level until the Borrowing Base is redetermined or reduced in accordance with the Credit Agreement, as amended hereby.
Increase in the Borrowing Base. Subject to the terms of this Agreement, as of the Effective Date, the Borrowing Base shall be increased from $500,000,000 to $575,000,000 and such Borrowing Base shall remain in effect at that level until the effective date of the next Borrowing Base redetermination made in accordance with the terms of the Credit Agreement. 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 August 1, 2013 as provided in Section 2.07 of the Credit Agreement. Each Lender’s Applicable Percentage of the resulting Borrowing Base, after giving effect to the increase in the Borrowing Base set forth in this Section 3, is set forth in Annex A attached hereto.
Increase in the Borrowing Base. The Borrowing Base shall be increased to $45,000,000 upon satisfaction of the following conditions. Such increase shall not be considered an Unscheduled Redetermination for purposes of Section 9 of the Loan Agreement.