Initial Borrowing Base. The Borrowing Base on the Effective Date shall be $2,500,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment Provisions.
Appears in 5 contracts
Samples: Credit Agreement (Callon Petroleum Co), Credit Agreement (Callon Petroleum Co), Credit Agreement (Callon Petroleum Co)
Initial Borrowing Base. The Borrowing Base on the Effective Date shall be $2,500,000,0001,000,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment Provisions.
Appears in 2 contracts
Samples: Credit Agreement (Civitas Resources, Inc.), Credit Agreement (Civitas Resources, Inc.)
Initial Borrowing Base. The Borrowing Base on During the period from the Effective Date until the first Redetermination after the Effective Date, the Borrowing Base shall be $2,500,000,000550,000,000 (the “Initial Borrowing Base”). Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment ProvisionsSections 3.06, 7.03 and 7.05.
Appears in 2 contracts
Samples: Credit Agreement (Antero Resources LLC), Credit Agreement (Antero Resources Finance Corp)
Initial Borrowing Base. The Borrowing Base on the Effective Date shall be $2,500,000,0001,300,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment Provisions.
Appears in 1 contract
Samples: Credit Agreement (PDC Energy, Inc.)
Initial Borrowing Base. The Borrowing Base on the Effective Date shall be $2,500,000,000350,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment Provisions.
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Initial Borrowing Base. The Borrowing Base on During the period from the Effective Date until the first Redetermination after the Effective Date, the Borrowing Base shall be $2,500,000,000550,000,000 (the “Initial Borrowing Base”). Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment ProvisionsSections 7.03 and 7.05.
Appears in 1 contract
Initial Borrowing Base. The Borrowing Base on During the period from the Effective Date until the first Redetermination after the Effective Date, the Borrowing Base shall be $2,500,000,000375,000,000 (the "Initial Borrowing Base"). Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment ProvisionsSection 7.05.
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Initial Borrowing Base. The On the Effective Date, the Borrowing Base on the Effective Date shall be $2,500,000,000100,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments in between Scheduled Redeterminations from time to time pursuant to the Borrowing Base Adjustment ProvisionsSection 8.13(c) and Section 9.12.
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Initial Borrowing Base. The Borrowing Base on For the period from and including the Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be $2,500,000,00087,500,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment Provisions.
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Initial Borrowing Base. The Borrowing Base on the Effective Date shall be $2,500,000,000650,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment Provisions.
Appears in 1 contract
Initial Borrowing Base. The On the Effective Date, the Borrowing Base on the Effective Date shall be $2,500,000,000375,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments in between Scheduled Redeterminations from time to time pursuant to the Borrowing Base Adjustment ProvisionsSection 8.13(c) and Section 9.12.
Appears in 1 contract
Initial Borrowing Base. The Borrowing Base on the Effective Date shall be $2,500,000,0002,000,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment Provisions.
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Initial Borrowing Base. The Borrowing Base on the Effective Date shall be $2,500,000,0002,400,000,000. Notwithstanding the foregoing, at any time during a Borrowing Base Period, the Borrowing Base may be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment Provisions.
Appears in 1 contract
Samples: Credit Agreement (PDC Energy, Inc.)
Initial Borrowing Base. The On the Effective Date, the Borrowing Base on the Effective Date shall be $2,500,000,000125,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments in between Scheduled Redeterminations from time to time pursuant to the Borrowing Base Adjustment ProvisionsSection 8.13(c) and Section 9.12.
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