Pro Forma Adjustments to Midstream Component Sample Clauses

Pro Forma Adjustments to Midstream Component. Pro forma adjustments, as reasonably determined by the Borrower and approved by the Administrative Agent, shall be made to Adjusted Midstream EBITDA (and hence the Midstream Component of the Borrowing Base) between Scheduled Midstream Component Recalculations for (A) acquisitions of Midstream Properties having, individually or in the aggregate, a Midstream Attributed Value in excess of five percent (5%) of then effective Midstream Component since the last recalculation pursuant to Section 2.07(h)(i), and (B) sales or dispositions of Midstream Properties if the aggregate Midstream Attributed Value of Midstream Properties sold since the last recalculation of the Midstream Component exceeds five percent (5%) of the Midstream Component then in effect. Upon the Administrative Agent’s approval of any such pro forma adjustments, the Midstream Component shall be recalculated using the applicable Midstream Multiplier and the Administrative Agent shall notify the Borrower and the Lenders of the amount of the adjusted Midstream Component and the resulting new Borrowing Base. The adjusted Midstream Component and the Borrowing Base, respectively, shall become effective and applicable to the Borrower, the Administrative Agent, the Issuer and the Lenders as of the day of such notice. Third Amended and Restated Credit Agreement – Page 43 715347206 14464587 716874472 14464587