Common use of Periodic Determinations of Borrowing Base Clause in Contracts

Periodic Determinations of Borrowing Base. The Borrowing Base shall be redetermined by Administrative Agent as of May 1 and November 1 of each year (each a “Determination Date”) until the Maturity Date. Additionally, the Borrowing Base should be redetermined by Lender 90 days following the Closing Date. The Borrowing Base, as redetermined, shall remain in effect until the next Determination Date, provided the Borrowing Base may be redetermined between Determination Dates in accordance with Section 3.4 hereof.

Periodic Determinations of Borrowing Base. The Borrowing Base shall be redetermined by Administrative Agent Bank as of May November 1 and November May 1 of each year (each a “"Determination Date”") until the Maturity Date. Additionallymaturity, the Borrowing Base should be redetermined by Lender 90 days following the Closing Datecommencing November 1, 1999. The Borrowing Base, as redetermined, shall remain in effect until the next Determination Date, provided the Borrowing Base may be redetermined between Determination Dates in accordance with Section 3.4 5.3 hereof.

Periodic Determinations of Borrowing Base. The Borrowing Base shall be redetermined by Administrative Agent the Lenders as of May October 1 and November April 1 of each year (each a “"Determination Date”") until the Maturity Date. Additionallymaturity, the Borrowing Base should be redetermined by Lender 90 days following the Closing Datecommencing October 1, 2002. The Borrowing Base, as redetermined, shall remain in effect until the next Determination Date, provided the Borrowing Base may be redetermined between Determination Dates in accordance with Section 3.4 2.21.4 hereof.

Periodic Determinations of Borrowing Base. The Borrowing Base shall be redetermined by Administrative Agent Bank as of May October 1 and November April 1 of each year (each a “"Determination Date”') until the Maturity Date. Additionallymaturity, the Borrowing Base should be redetermined by Lender 90 days following the Closing Datecommencing April 1, 2002. The Borrowing Base, as redetermined, shall remain in effect until the next Determination Date, provided the Borrowing Base may be redetermined between Determination Dates in accordance with Section 3.4 5.3 hereof."

Periodic Determinations of Borrowing Base. The Borrowing Base shall be redetermined by Administrative Agent Lender as of May March 1 and November September 1 of each year (each a “"Determination Date”") until the Maturity Date. Additionallymaturity, the Borrowing Base should be redetermined by Lender 90 days following the Closing Datecommencing September 1, 2003. The Borrowing Base, as redetermined, shall remain in effect until the next Determination Date, provided the Borrowing Base may be redetermined between Determination Dates in accordance with Section 3.4 hereof.