Common use of Reaffirmation of Borrowing Base Clause in Contracts

Reaffirmation of Borrowing Base. This Amendment shall constitute a notice of reaffirmation of the Borrowing Base pursuant to Section 3.04 of the Credit Agreement and Administrative Agent hereby notifies Borrower that, as of the Fourth Amendment Effective Date, the Borrowing Base shall continue to be $1,500,000,000 until the next redetermination of the Borrowing Base pursuant to Article III of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Range Resources Corp)

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Reaffirmation of Borrowing Base. This Amendment shall constitute a notice of the reaffirmation of the Borrowing Base pursuant to Section 3.04 of the Credit Agreement Agreement, and Administrative Agent hereby notifies Borrower that, as of the Fourth Amendment Effective Dateeffective date of this Amendment, the Borrowing Base shall continue to be is $1,500,000,000 1,300,000,000 until the next redetermination of the Borrowing Base pursuant to Article III of the Credit AgreementRedetermination Date.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

Reaffirmation of Borrowing Base. This Amendment shall constitute a notice of reaffirmation of the Borrowing Base pursuant to Section 3.04 of the Credit Agreement and the Administrative Agent hereby notifies the Borrower that, as of the Fourth Amendment Effective Datedate of this Amendment, the Borrowing Base shall continue to be $1,500,000,000 350,000,000 until the earlier of (a) next redetermination Redetermination of the Borrowing Base pursuant to Article III of the Credit Agreement and (b) the date the Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Clayton Williams Energy Inc /De)

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Reaffirmation of Borrowing Base. This Amendment shall constitute a notice of reaffirmation of the Borrowing Base pursuant to Section 3.04 4.6 of the Credit Agreement and Administrative Agent hereby notifies Borrower Borrowers that, as of the Fourth Fifth Amendment Effective Date, the Borrowing Base shall continue to be $1,500,000,000 250,000,000 until the next redetermination of the Borrowing Base pursuant to Article III IV of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Clayton Williams Energy Inc /De)

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