Common use of Maintenance of Borrowing Base Clause in Contracts

Maintenance of Borrowing Base. After giving effect to the Extensions of Credit requested to be made on any date, the Aggregate Credit Exposure of the Lenders shall not exceed the Borrowing Base then in effect.

Appears in 7 contracts

Samples: Credit Agreement (EP Energy Corp), Credit Agreement (El Paso Corp/De), Credit Agreement (El Paso Corp/De)

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Maintenance of Borrowing Base. After giving effect to the Extensions of Credit requested to be made on any date, the Aggregate Revolving Credit Exposure of the Lenders shall not exceed the Borrowing Base then in effect.

Appears in 4 contracts

Samples: Credit Agreement (Meridian Resource Corp), Credit Agreement (Meridian Resource Corp), Credit Agreement (Meridian Resource Corp)

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