Common use of Mandatory Reductions in the Borrowing Base Clause in Contracts

Mandatory Reductions in the Borrowing Base. In addition to the Borrowing Base redeterminations provided for otherwise in this Section 2.02, the Borrowing Base shall be automatically reduced as follows:

Appears in 5 contracts

Samples: Credit Agreement (Silver Run Acquisition Corp II), Credit Agreement (Alta Mesa Holdings, LP), Credit Agreement (Alta Mesa Holdings, LP)

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Mandatory Reductions in the Borrowing Base. In addition to the Borrowing Base redeterminations otherwise provided for otherwise in this Section 2.022.07, the Borrowing Base shall be automatically reduced as follows:

Appears in 4 contracts

Samples: Credit Agreement (Jones Energy, Inc.), Credit Agreement (Jones Energy, Inc.), Credit Agreement (Jones Energy, Inc.)

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