Common use of Mandatory Redetermination Clause in Contracts

Mandatory Redetermination. In addition to the other redeterminations of the Borrowing Base and Conforming Borrowing Base provided for herein, and notwithstanding anything to the contrary contained herein, the Borrowing Base shall reduce immediately and automatically on the Conforming Date to the Conforming Borrowing Base as in effect on and as of such date, and from and after such date the Borrowing Base shall be, and shall be in an amount equal to, the Conforming Borrowing Base.

Mandatory Redetermination. In addition to the other redeterminations of the Borrowing Base and Conforming Borrowing Base provided for herein, and notwithstanding anything to the contrary contained herein, the Borrowing Base shall reduce immediately and automatically on the Conforming Date November 1, 2008 to the Conforming Borrowing Base as in effect on and as of such date, and from and after such date date, the Borrowing Base shall be, and shall be in an amount equal to, the Conforming Borrowing Base.

Mandatory Redetermination. In addition to the other redeterminations of the Borrowing Base and Conforming Borrowing Base provided for herein, and notwithstanding anything to the contrary contained herein, the Borrowing Base shall reduce immediately and automatically on the Conforming Date to the Conforming Borrowing Base as in effect on and as of such date, and from and after such date the Borrowing Base shall be, and shall be in an amount equal to, the Conforming Borrowing Base. Such decrease in the Borrowing Base shall occur without any vote of the Lenders or action by the Administrative Agent.