Increase of Borrowing Base. As of the Effective Date, the Borrowing Base is hereby increased from $90,000,000 to $100,000,000. The parties hereto agree that the foregoing redetermination of the Borrowing Base constitutes the December 1, 2018 Scheduled Redetermination of the Borrowing Base pursuant to Section 2.07 of the Credit Agreement. The Borrowing Base, as increased hereby, shall remain in effect until next redetermined in accordance with the provisions of Section 2.07 of the Credit Agreement.
Increase of Borrowing Base. (a) The Borrowing Base shall be increased to $400,000,000 from and after the Effective Date until the Borrowing Base shall be otherwise redetermined in accordance with the Credit Agreement.
(b) Both the Borrower, on the one hand, and the Administrative Agent and the Lenders, on the other hand, agree that the redetermination of the Borrowing Base pursuant to clause (a) of this Section 4 constitutes the regularly scheduled Borrowing Base redetermination for Fall 2006 (and shall not constitute a special redetermination of the Borrowing Base pursuant to Section 2.21(v) of the Credit Agreement).
Increase of Borrowing Base. As of the Effective Date the Borrowing Base is hereby increased from $90,000,000 to a Conforming Borrowing Base of $115,000,000 and a Borrowing Base of $125,000,000.
Increase of Borrowing Base. Subject to the satisfaction of the conditions of effectiveness set forth in Section 3 of this Amendment and effective as of the Ninth Amendment Execution Date, the Borrowing Base is hereby increased from $14,000,000 to $30,000,000. The foregoing determination of the Borrowing Base is deemed a periodic determination of the Borrowing Base under Section 2.10(b) of the Credit Agreement as of October 1, 2022. The Borrowing Base as so determined shall remain in effect until the next periodic determination of the Borrowing Base under Section 2.10(b) of the Credit Agreement, unless otherwise adjusted pursuant to the Credit Agreement.
Increase of Borrowing Base. As of the Effective Date, the Borrowing Base is hereby increased from $65,000,000 to $90,000,000 and the Monthly Reduction Amount is set at zero dollars. The Borrowing Base and Monthly Reduction Amount as modified shall remain in effect until adjusted again pursuant to the provisions of Article IV of the Credit Agreement.
Increase of Borrowing Base. (a) The Borrowing Base shall be increased to $350,000,000 from and after the Amendment Effective Date until the Borrowing Base shall be otherwise redetermined in accordance with the Credit Agreement.
(b) Both the Borrower, on the one hand, and the Administrative Agent, the Issuing Bank and the Lenders, on the other hand, agree that the redetermination of the Borrowing Base pursuant to clause (a) of this Section 4 constitutes the redetermination of the Borrowing Base with respect to the regularly scheduled Evaluation Date of November 1, 2005 (and shall not constitute a special or discretionary redetermination of the Borrowing Base pursuant to clause (a) of the definition of “Evaluation Date” in Section 1.1 of the Credit Agreement).
Increase of Borrowing Base. As of the Effective Date, the Borrowing Base is hereby increased from $195,000,000 to $240,000,000; provided however, the Administrative Agent and the Lenders may reduce the Borrowing Base in such amount as they determine if a hedging strategy acceptable to the Majority Lenders to support such $240,000,000 Borrowing Base has not been entered into within thirty (30) days from the Effective Date.
Increase of Borrowing Base. (a) The Borrowing Base shall be increased to $525,000,000 from and after the Effective Date until the Borrowing Base shall be otherwise redetermined in accordance with the Credit Agreement.
(b) Both the Borrower, on the one hand, and the Administrative Agent and the Lenders, on the other hand, agree that the redetermination of the Borrowing Base pursuant to clause (a) of this Section 7 constitutes the regularly scheduled Borrowing Base redetermination for Fall 2007 (and shall not constitute a special redetermination of the Borrowing Base pursuant to Section 2.21(v) of the Credit Agreement).
(c) Each party hereto acknowledges and consents to the early delivery by the Borrower of the Reserve Report dated June 30, 2007, and to the early redetermination of the Borrowing Base for Fall 2007 pursuant to the terms of this Amendment notwithstanding anything to the contrary set forth in the Credit Agreement.
Increase of Borrowing Base. Pursuant to Section 2.7.3 of the -------------------------- Credit Agreement, the Borrower has requested a redetermination of the Borrowing Base. The Agent and Syndication Agent have determined a Borrowing Base of $850,000,000 and hereby notify the Lenders of such determination. Upon the approval and effectiveness of this Amendment as set forth in Section 8 below, the Borrowing Base shall be $850,000,000.
Increase of Borrowing Base. Upon the satisfaction of the conditions set forth in Section 2 of this Amendment and immediately after giving effect to Section 4 of this Amendment, the Borrowing Base is hereby increased from $170,000,000 to $210,000,000 and the Aggregate Elected Commitments shall equal $190,000,000. This increase of the Borrowing Base constitutes the November 1, 2019 Scheduled Redetermination of the Borrowing Base under Section 2.07 of the Credit Agreement, and this Section 3 shall be deemed to be the New Borrowing Base Notice for such increased Borrowing Base. Such redetermined Borrowing Base will remain in effect until the next Redetermination Date or otherwise adjusted in accordance with the provisions of the Credit Agreement, as amended hereby.
