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. (b) The parties hereto hereby acknowledge and agree that the Borrowing Base established pursuant to this Section 2 shall constitute the Scheduled Redetermination of the Borrowing Base effective as of May 24, 2018, under Section 2.07 of the Credit Agreement. The Administrative Agent, the Issuing Bank, the Lenders, and the Borrower hereby waive any required notices, notice periods, and timing requirements under the Credit Agreement (both before and after giving effect to this Agreement) in connection with the redetermination of the Borrowing Base under the Credit Agreement as set forth in this Agreement.

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. (b) The parties hereto hereby acknowledge and agree that the Borrowing Base established pursuant to this Section 2 3 shall constitute the Scheduled Redetermination of the Borrowing Base effective as of May 24November 15, 2018, under Section 2.07 of the Credit Agreement. The Administrative Agent, the Issuing Bank, the Lenders, and the Borrower hereby waive any required notices, notice periods, and timing requirements under the Credit Agreement (both before and after giving effect to this Agreement) in connection with the redetermination of the Borrowing Base under the Credit Agreement as set forth in this Agreement.

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. (b) The parties hereto hereby acknowledge and agree that the Borrowing Base established pursuant to this Section 2 shall constitute the Scheduled Redetermination of the Borrowing Base effective as of May 24November 1, 20182017, under Section 2.07 of the Credit Agreement. The Administrative Agent, the Issuing Bank, the Lenders, and the Borrower hereby waive any required notices, notice periods, and timing requirements under the Credit Agreement (both before and after giving effect to this Agreement) in connection with the redetermination of the Borrowing Base under the Credit Agreement as set forth in this Agreement.