Common use of Monthly Commitment Reduction Clause in Contracts

Monthly Commitment Reduction. The Borrowing Base shall be reduced as of the last day of each month after the Effective Date by an amount determined by the Banks pursuant to Section 7(b) hereof (the “Monthly Commitment Reduction”). Beginning August 1, 2002, the Monthly Commitment Reduction shall be $0 per month until redetermined pursuant to Section 7(b) hereof.

Monthly Commitment Reduction. The Borrowing Base shall be reduced as of the last day of each month after the Effective Date by an amount determined by the Banks pursuant to Section 7(b) hereof (the “"Monthly Commitment Reduction”"). Beginning August 1November 30, 20021999, the Monthly Commitment Reduction shall be $0 per month until redetermined pursuant to Section 7(b) hereof.

Monthly Commitment Reduction. The Borrowing Base and the Commitment shall be reduced as of the last first day of each month after by $1,000,000 (the Effective Date by an amount determined by "Monthly Commitment Reduction") per month beginning on December 1, 1999 with like reductions continuing on the Banks first day of each month thereafter through April 1, 2000. If as a result of any such Monthly Commitment Reduction, the Total Outstandings ever exceed the Commitment then in effect, the Borrower shall make the mandatory prepayment of principal required pursuant to Section 7(b) hereof (the “Monthly Commitment Reduction”). Beginning August 1, 2002, the Monthly Commitment Reduction shall be $0 per month until redetermined pursuant to Section 7(b9(b) hereof.

Monthly Commitment Reduction. The Borrowing Base shall be reduced as of the last day of each month after the Effective Date by an amount determined by the Banks pursuant to Section 7(b) hereof (the “"Monthly Commitment Reduction”"). Beginning August 1July 31, 20021998, the Monthly Commitment Reduction shall be $0 per month until redetermined pursuant to Section 7(b) hereof.

Monthly Commitment Reduction. The Borrowing Base shall be reduced as of the last day of each month after the Effective Date by an amount determined by the Banks pursuant to Section 7(b) hereof (the “"Monthly Commitment Reduction”"). Beginning August June 1, 20022001, the Monthly Commitment Reduction shall be $0 per month until redetermined pursuant to Section 7(b) hereof.