Common use of Interim Redetermination of the Borrowing Base Clause in Contracts

Interim Redetermination of the Borrowing Base. Pursuant to Section 2.07(b), the Borrower elects to initiate, and each Lender consents to, an Interim Redetermination. For the period from and including the Second Amendment Effective Date to but excluding October 1st, 2005, the amount of the Borrowing Base shall be $132,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 8.13(c) or Section 9.12(d).

Interim Redetermination of the Borrowing Base. Pursuant to Section 2.07(b), the Borrower elects to initiate, and each Lender consents to, an Interim Redetermination. For the period from and including the Second First Amendment Effective Date to but excluding October 1st, 2005, the amount of the Borrowing Base shall be $132,000,000109,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 8.13(c) or Section 9.12(d). Section 3.

Interim Redetermination of the Borrowing Base. Pursuant to Section 2.07(b), the Borrower elects to initiate, and each Lender consents to, an Interim Redetermination. For Redetermination pursuant to which the period Borrowing Base shall be increased to $50,000,000, effective from and including the Second First Amendment Effective Date to but excluding October 1st, 2005, the amount of the Borrowing Base shall be $132,000,000next Redetermination Date. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 8.13(c) or Section 9.12(d).

Interim Redetermination of the Borrowing Base. Pursuant to Section 2.07(b), the Borrower elects to initiate, and each Lender consents to, an Interim Redetermination. For Redetermination pursuant to which the period Borrowing Base shall be increased to $325,000,000, effective from and including the Second First Amendment Effective Date to but excluding October 1st, 2005, the amount of the Borrowing Base shall be $132,000,000next Redetermination Date. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 8.13(c) or Section 9.12(d)9.13.

Interim Redetermination of the Borrowing Base. Pursuant to Section 2.07(b), the Borrower elects to initiate, and each Lender consents to, an Interim Redetermination. For Redetermination pursuant to which the period Borrowing Base shall be increased to $38,000,000, effective from and including the Second First Amendment Effective Date to but excluding October 1st, 2005, the amount of the Borrowing Base shall be $132,000,000next Redetermination Date. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 8.13(c) or Section 9.12(d).