Periodic determination. (1) Deter- mination. Not later than 30 calendar days after the Director first determines that a Bank is, or the Director other- wise exercises authority to reclassify the Bank as, critically undercapital- ized, and a least once during each suc- ceeding 30-day calendar period, the Xx- xxxxxx make a determination in writing as to whether:
Periodic determination. The Borrowing Base will be redetermined semiannually on April 1 and October 1, commencing October 1, 2000, or on such date promptly following each such date as may be required to redetermine the Borrowing Base in accordance with the procedures set forth in Section 4.01(b). Notwithstanding any provisions to the contrary in Section 4.01 above, without the approval of all Lenders, the Borrowing Base resulting from the Periodic Determination scheduled for October 1, 2000, shall not exceed $115,000,000."
Periodic determination. Period The Periodic Determination Period shall be each quarterly period ended as follows (except for the shorter periods noted):
Periodic determination. The Borrowing Base will be redetermined semiannually on April 1 and October 1, commencing April 1, 2000, or on such date promptly following each such date as may be required to redetermine the Borrowing Base in accordance with the procedures set forth in Section 4.01(b). Notwithstanding any provisions to the contrary in Section 4.01 above, without the approval of all Lenders, the Borrowing Base resulting from the April 1, 2000, Determination shall not exceed $135,000,000 if the Sterling Gas Plant Sale has not been completed or $130,000,000 if the Sterling Gas Plant Sale has been completed."
Periodic determination. 31 4.03. SPECIAL REDETERMINATION REQUESTED BY BORROWER..................................................31 4.04. SPECIAL DETERMINATIONS REQUESTED BY REQUIRED LENDERS...........................................32 4.05. INITIAL BORROWING BASE.........................................................................32 4.06.
