Common use of Reserve Report; Proposed Borrowing Base Clause in Contracts

Reserve Report; Proposed Borrowing Base. As soon as available and in any event by March 31 and September 30 of each year commencing September 30, 1999, Borrower shall deliver to each Bank a Reserve Report prepared as of the immediately preceding December 31 and June 30 respectively. Simultaneously with the delivery to Administrative Agent and each Bank of each Reserve Report, Borrower shall notify each Bank of the amount of the Borrowing Base which Borrower requests become effective on the next Redetermination Date (or such date promptly following such Redetermination Date as Required Banks shall elect).

Reserve Report; Proposed Borrowing Base. As soon as available and in any event by March 31 and September 30 of each year commencing September 30March 31, 19992001, Borrower shall deliver to each Bank a Reserve Report prepared as of the immediately preceding December 31 and June 30 respectively. Simultaneously with the delivery to Administrative Agent and each Bank of each Reserve Report, Borrower shall notify each Bank of the amount of the Borrowing Base which Borrower requests become effective on the next Redetermination Date (or such date promptly following such Redetermination Date as Required Banks shall elect).

Reserve Report; Proposed Borrowing Base. As soon as available and in any event by March February 28 and August 31 and September 30 of each year year, commencing September 30August 31, 1999, Borrower shall deliver to each Bank Administrative Agent a Reserve Report prepared as of the immediately preceding December 31 and June 30 respectively. Simultaneously with the delivery to Administrative Agent and each Bank of each Reserve Report, Borrower shall notify each Bank Administrative Agent of the amount of the Borrowing Base which Borrower requests become effective on the next Redetermination Date (or such date promptly following such Redetermination Date as Required Banks shall elect)Date.

Reserve Report; Proposed Borrowing Base. As soon as available and in any event by March 31 1 and September 30 1 of each year commencing September 301, 19991998, Borrower shall deliver to each Bank a Reserve Report prepared as of the immediately preceding December 31 and June 30 respectively. Simultaneously with the delivery to Administrative Agent and each Bank of each Reserve Report, Borrower shall notify each Bank of the amount of the Borrowing Base which Borrower requests become effective on the next Redetermination Date (or such date promptly following such Redetermination Date as Required Banks shall elect).

Reserve Report; Proposed Borrowing Base. As soon as available and in any event by March 31 1 and September 30 1 of each year commencing September 301, 19992000, Borrower shall deliver to each Bank a Reserve Report prepared as of the immediately preceding December 31 and June 30 respectively. Simultaneously with the delivery to Administrative Agent and each Bank of each Reserve Report, Borrower shall notify each Bank of the amount of the Borrowing Base which Borrower requests become effective on the next Redetermination Date (or such date promptly following such Redetermination Date as Required Banks shall elect).

Reserve Report; Proposed Borrowing Base. As soon as available and in any event by March 31 and September 30 of each year commencing September 30, 19992000, Borrower shall deliver to Administrative Agent and each Bank a Reserve Report prepared as of the immediately preceding December 31 and June 30 respectively. Simultaneously with the delivery to Administrative Agent and each Bank of each Reserve Report, Borrower shall notify Administrative Agent and each Bank of the amount of the Borrowing Base which Borrower requests become effective on the next Redetermination Date (or such date promptly following such Redetermination Date as Required Banks shall elect).

Reserve Report; Proposed Borrowing Base. As soon as available and in any event by March 31 and September 30 of each year commencing September 30March 31, 19992000, Borrower shall deliver to Administrative Agent and each Bank a Reserve Report prepared as of the immediately preceding December 31 and June 30 respectively31. Simultaneously with the delivery to Administrative Agent and each Bank of each Reserve Report, Borrower shall notify Administrative Agent and each Bank of the amount of the Borrowing Base which Borrower requests become effective on the next Redetermination Date (or such date promptly following such Redetermination Date as Required Banks shall elect).

Reserve Report; Proposed Borrowing Base. As soon as --------------------------------------- available and in any event by March 31 February 20 and September 30 August 20 of each year commencing September 30, 1999year, Borrower shall deliver to each Bank a Reserve Report prepared as of the immediately preceding December 31 January 1 and June 30 July 1, respectively. Simultaneously with the each delivery to Administrative Agent and each Bank of each such Reserve Report, Borrower shall notify each Bank of the amount of the Borrowing Base which requested by Borrower requests to become effective on the next Redetermination Date (or such date promptly following such Redetermination Date as Required Banks shall elect)Determination Date.