Quarterly Redeterminations. (i) In addition to the Semi-Annual Redeterminations, the Borrower may elect to cause the Borrowing Base to be redetermined between Semi-Annual Redeterminations (a “Quarterly Redetermination”) in accordance with this Section 2.2(c), provided, that the Borrower shall request such Quarterly Redetermination by notifying the Administrative Agent and the Lenders concurrent with the delivery of the applicable Engineering Report in connection with the Semi-Annual Redetermination immediately preceding the applicable Quarterly Redetermination that it requests a Quarterly Redetermination be conducted prior to the next Semi-Annual Redetermination. Each such Quarterly Redetermination and Semi-Annual Redetermination shall be referred to herein as a (“Scheduled Redetermination).
Appears in 4 contracts
Samples: Credit Agreement (Jagged Peak Energy Inc.), Credit Agreement (Jagged Peak Energy Inc.), Credit Agreement (Jagged Peak Energy Inc.)
