Common use of Periodic Determinations of Borrowing Base Clause in Contracts

Periodic Determinations of Borrowing Base. The Borrowing Base shall be redetermined by Bank as of November 1 and May 1 of each year (each a "Determination Date") until maturity, commencing 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 5.3 hereof.

Periodic Determinations of Borrowing Base. The Borrowing Base shall be redetermined by Bank as of November October 1 and May April 1 of each year (each a "Determination Date"') until maturity, commencing November April 1, 19992002. 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 5.3 hereof."

Periodic Determinations of Borrowing Base. The Borrowing Base shall be redetermined by Bank Administrative Agent as of November May 1 and May November 1 of each year (each a "“Determination Date"”) until maturitythe Maturity Date. Additionally, commencing November 1, 1999the 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 5.3 3.4 hereof.

Periodic Determinations of Borrowing Base. The Borrowing Base shall be redetermined by Bank Lender as of November March 1 and May September 1 of each year (each a "Determination Date") until maturity, commencing November September 1, 19992003. 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 5.3 3.4 hereof.

Periodic Determinations of Borrowing Base. The Borrowing Base shall be redetermined by Bank the Lenders as of November October 1 and May April 1 of each year (each a "Determination Date") until maturity, commencing November October 1, 19992002. 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 5.3 2.21.4 hereof.