Common use of Initial Borrowing Base Clause in Contracts

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $150,000,000. 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 (Rosehill Resources Inc.)

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Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $150,000,00075,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment ProvisionsSection 9.11.

Appears in 1 contract

Samples: Credit Agreement (Rice Energy Inc.)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $150,000,00015,000,000. 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 (Us Energy Corp)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the date of the first Redetermination DateScheduled Redetermination, the amount of the Borrowing Base shall be $150,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment Provisions9,840,510.90.

Appears in 1 contract

Samples: Credit Agreement (Imperial Petroleum Inc)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $150,000,00014,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment ProvisionsSection 8.12(c) or Section 9.12.

Appears in 1 contract

Samples: Credit Agreement (ABC Funding, Inc)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $150,000,00055,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment ProvisionsSection 8.13(c) or Section 9.11(d).

Appears in 1 contract

Samples: Credit Agreement (McMoran Exploration Co /De/)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $150,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment Provisions140,300,000.

Appears in 1 contract

Samples: Credit Agreement (Atlas Energy, L.P.)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $150,000,000850,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time time, whether before or after such Redetermination Date, pursuant to the Borrowing Base Adjustment ProvisionsSection 8.12(c), Section 9.02(n) or Section 9.10.

Appears in 1 contract

Samples: Credit Agreement (Quicksilver Resources Inc)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $150,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment ProvisionsSection 8.13(c), Section 8.16 or Section 9.12(d).

Appears in 1 contract

Samples: Credit Agreement (Petroquest Energy Inc)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $150,000,00010,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment ProvisionsSection 9.11(d).

Appears in 1 contract

Samples: Credit Agreement (Rice Energy Inc.)

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Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $150,000,00060,000,000. Notwithstanding the foregoing, the Borrowing Base may shall be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment ProvisionsSection 8.13(c), Section 9.12(a) or Section 9.13.

Appears in 1 contract

Samples: Credit Agreement (Energy Partners LTD)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $150,000,000800,000,000. 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 2.07(e), Section 8.13(c) or Section 9.12(e)(v).

Appears in 1 contract

Samples: Credit Agreement (Centennial Resource Development, Inc.)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $150,000,00075,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment ProvisionsSection 8.13(c) or 0.

Appears in 1 contract

Samples: Credit Agreement (Rex Energy Corp)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $150,000,000800,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment Provisions.

Appears in 1 contract

Samples: Credit Agreement (BKV Corp)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $150,000,000200,000,000 and the Threshold Amount shall be $180,000,000. Notwithstanding the foregoing, the Borrowing Base and Threshold Amount may be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment ProvisionsSection 8.13(c) or Section 9.13.

Appears in 1 contract

Samples: Senior Revolving Credit Agreement (Petrohawk Energy Corp)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $150,000,00011,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment ProvisionsSection 8.13(c) or Section 9.12.

Appears in 1 contract

Samples: Credit Agreement (Northern Oil & Gas, Inc.)

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