Common use of Redetermination of the Borrowing Base Clause in Contracts

Redetermination of the Borrowing Base. (a) Subject to the terms of this Agreement, as of the Agreement Effective Date, the Borrowing Base shall be $190,000,000, and such Borrowing Base shall remain in effect at such amount until the Borrowing Base is redetermined or adjusted in accordance with the Credit Agreement.

Appears in 2 contracts

Samples: Credit Agreement, Borrowing Base Redetermination Agreement (Lonestar Resources US Inc.)

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Redetermination of the Borrowing Base. (a) Subject to the terms of this Agreement, as of the Agreement Effective Date, Date (i) the Borrowing Base shall be $190,000,000290,000,000, and such Borrowing Base shall remain in effect at such amount until the Borrowing Base is redetermined or adjusted in accordance with the Credit Agreement, and (ii) each Lender’s Applicable Percentage of the Borrowing Base, after giving effect to the increase set forth in clause (a)(ii) above, shall be as set forth on Annex I hereto.

Appears in 1 contract

Samples: Credit Agreement (Lonestar Resources US Inc.)

Redetermination of the Borrowing Base. (a) Subject to the terms of this Agreement, as of the Agreement Waiver Effective Date, the Borrowing Base shall be $190,000,000160,000,000, and such Borrowing Base shall remain in effect at such amount until the Borrowing Base is redetermined or adjusted in accordance with the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Lonestar Resources US Inc.)

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Redetermination of the Borrowing Base. (a) Subject to the terms of this Agreement, as of the Agreement Effective Date, the Borrowing Base shall be $190,000,000275,000,000, and such Borrowing Base shall remain in effect at such amount until the Borrowing Base is redetermined or adjusted in accordance with the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Lonestar Resources US Inc.)

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