Common use of Redetermined Borrowing Base Clause in Contracts

Redetermined Borrowing Base. This Amendment shall constitute notice of the Redetermination of the Borrowing Base and the Monthly Reduction pursuant to Section 3.05 of the Credit Agreement, and the Administrative Agent, the Lenders and the Borrower hereby acknowledge that effective as of May 27, 2008, the Borrowing Base is $300,000,000, the Monthly Reduction is $0.00 and notwithstanding anything to the contrary contained in the Credit Agreement as in effect prior to the Third Amendment Effective Date, the Aggregate Revolving Commitment is $234,100,000.

Appears in 1 contract

Samples: Credit Agreement (Petroleum Development Corp)

AutoNDA by SimpleDocs

Redetermined Borrowing Base. This Amendment shall constitute notice of the Redetermination of the Borrowing Base and the Monthly Reduction pursuant to Section 3.05 3.06 of the Credit Agreement, and the Administrative Agent, the Lenders and the Borrower hereby acknowledge that that, effective as of May 27, 2008the date of this Amendment, the Borrowing Base is $300,000,000, 350,000,000 and the Monthly Reduction is $0.00 0.00, and notwithstanding anything to the contrary contained in the Credit Agreement as such redetermined Borrowing Base and Monthly Reduction shall remain in effect prior to until the Third Amendment Effective Date, next Redetermination of the Aggregate Revolving Commitment is $234,100,000Borrowing Base.

Appears in 1 contract

Samples: Credit Agreement (Carrizo Oil & Gas Inc)

Redetermined Borrowing Base. This Amendment shall constitute notice of the Redetermination of the Borrowing Base and the Monthly Reduction pursuant to Section 3.05 of the Credit Agreement, and the Administrative Agent, the Lenders and the Borrower hereby acknowledge that effective as of May 27, 2008the Fifth Amendment Effective Date, the Borrowing Base is $300,000,000, 375,000,000 and the Monthly Reduction is $0.00 and notwithstanding anything to the contrary contained in the Credit Agreement as in effect prior to the Third Amendment Effective Date, the Aggregate Revolving Commitment is $234,100,0000.00.

Appears in 1 contract

Samples: Credit Agreement (Petroleum Development Corp)

Redetermined Borrowing Base. This Amendment shall constitute notice of the Redetermination of the Borrowing Base and the Monthly Reduction pursuant to Section 3.05 of the Credit Agreement, and the Administrative Agent, the Lenders and the Borrower hereby acknowledge that effective as of May 27, 2008the Sixth Amendment Effective Date, the Borrowing Base is $300,000,000, 350,000,000 and the Monthly Reduction is $0.00 and notwithstanding anything to the contrary contained in the Credit Agreement as in effect prior to the Third Amendment Effective Date, the Aggregate Revolving Commitment is $234,100,0000.00.

Appears in 1 contract

Samples: Credit Agreement (Petroleum Development Corp)

AutoNDA by SimpleDocs

Redetermined Borrowing Base. This Amendment shall constitute notice of the Redetermination of the Borrowing Base and the Monthly Reduction pursuant to Section 3.05 3.06 of the Credit Agreement, and the Administrative Agent, the Lenders and the Borrower hereby acknowledge that that, effective as of May 27, 2008the date of this Amendment, the Borrowing Base is $300,000,000, 375,000,000 and the Monthly Reduction is $0.00 0.00, and notwithstanding anything such redetermined Borrowing Base and Monthly Reduction shall remain in effect until the earlier of (i) the next Redetermination of the Borrowing Base and (ii) the date such Borrowing Base is otherwise reduced pursuant to the contrary contained in the Credit Agreement as in effect prior to the Third Amendment Effective Date, the Aggregate Revolving Commitment is $234,100,000terms of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Carrizo Oil & Gas Inc)

Redetermined Borrowing Base. This Amendment shall constitute notice of the Redetermination of the Borrowing Base and the Monthly Reduction pursuant to Section 3.05 3.06 of the Credit Agreement, and the Administrative Agent, the Lenders and the Borrower hereby acknowledge that that, effective as of May 27, 2008Ninth Amendment Effective Date, the Borrowing Base is $300,000,000, 290,000,000 and the Monthly Reduction is $0.00 and notwithstanding anything to the contrary contained in the Credit Agreement as in effect prior to the Third Amendment Effective Date, the Aggregate Revolving Commitment is $234,100,0000.00.

Appears in 1 contract

Samples: Credit Agreement (Carrizo Oil & Gas Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!