Common use of Reserve Reports Clause in Contracts

Reserve Reports. (a) On or before each March 15 and August 15 the Borrower shall furnish to the Administrative Agent and the Arranger a Reserve Report effective as the previous January 1st and July 1st, as applicable. Each such Reserve Report shall be prepared by one or more Approved Petroleum Engineers. Notwithstanding the preceding, Borrower will not be required to deliver the first Reserve Report hereunder until August 15, 2004.

Reserve Reports. (a) On or before March 15th and September 15th of each year, commencing March 15 and August 15 15, 2013, the Borrower shall furnish to the Administrative Agent and the Arranger a Reserve Report effective as the previous January 1st and July 1stevaluating, as applicableof the immediately preceding December 31st and June 30th, the Proved Reserves of the Borrower and the Loan Parties. Each such Reserve Report delivered hereunder shall be prepared by one or more an Approved Petroleum Engineers. Notwithstanding the preceding, Borrower will not be required to deliver the first Reserve Report hereunder until August 15, 2004Engineer.

Reserve Reports. (a) On or before March 1st and September 1st of each March 15 and August 15 year, commencing September 1st, 2006, the Borrower shall furnish to the Administrative Agent and the Arranger Lenders a Reserve Report effective as of the previous immediately preceding January 1st and 1 or July 1st1, as applicable. Each such The Reserve Report as of January 1 of each year shall be prepared by one or more Approved Petroleum Engineers. Notwithstanding petroleum engineers reasonably acceptable to the preceding, Borrower will not be required to deliver Administrative Agent and the first July 1 Reserve Report hereunder until August 15, 2004of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate and to have been prepared in accordance with the procedures used in the immediately preceding January 1 Reserve Report.

Reserve Reports. (a) On or before April 1st and October 1st of each March 15 and August 15 year, commencing October 1, 2008, the Borrower shall furnish to the Administrative Agent and the Arranger Lenders a Reserve Report effective prepared as of the previous immediately preceding January 1st and or July 1st, as applicablerespectively. Each such The Reserve Report as of January 1 of each year shall be prepared by the Borrower and audited by one or more Approved Petroleum Engineers. Notwithstanding , and the preceding, Borrower will not be required to deliver the first July 1 Reserve Report hereunder until August 15, 2004of each year shall be prepared by or under the supervision of the chief engineer of the Borrower.

Reserve Reports. (a) On or before March 1st and September 1st of each March 15 and August 15 year, commencing January 1, 2005, the Borrower shall furnish to the Administrative Agent and the Arranger Lenders a Reserve Report effective as the previous January 1st and July 1st, as applicableReport. Each such The Reserve Report as of January 1 of each year shall be prepared by one or more Approved Petroleum Engineers. Notwithstanding , and the preceding, Borrower will not be required to deliver the first July 1 Reserve Report hereunder until August 15, 2004of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate and to have been prepared in accordance with the procedures used in the immediately preceding January 1 Reserve Report.

Reserve Reports. (a) On or before March 15th of each year, commencing March 15 and August 15 15, 2016, the Borrower shall furnish to the Administrative Agent and the Arranger Lenders a Reserve Report effective as the previous January 1st and July 1stReport, as applicable. Each such which Reserve Report shall be prepared or audited by one or more Approved Petroleum Engineers. Notwithstanding the preceding, Borrower will not be required to deliver the first Reserve Report hereunder until August 15, 2004.

Reserve Reports. (a) On or before each March February 15 and August 15 the Borrower shall furnish to the Administrative Agent and the Arranger a Reserve Report effective as of the previous January 1st and July 1st, as applicable. Each such Reserve Report shall be prepared by one or more Approved Petroleum Engineers. Notwithstanding the preceding, Borrower will not be required to deliver the first Reserve Report hereunder until August 15, 2004.

Reserve Reports. (a) On Commencing as of July 1, 2007, on or before each March February 15 and August 15 the Borrower shall furnish to the Administrative Agent and the Arranger a Reserve Report effective as the previous January 1st and July 1st, as applicable. Each such Reserve Report shall be prepared by one or more Approved Petroleum Engineers. Notwithstanding the preceding, Borrower will not be required to deliver the first Reserve Report hereunder until August 15, 2004.

Reserve Reports. (a) On With respect to a Semi-Annual Scheduled Redetermination, on or before each March February 15 (with an as of date of January 1) and August 15 (with an as of date of July 1) of each year, commencing August 15, 2007, the Borrower shall furnish to the Administrative Agent and the Arranger Revolving Lenders a Reserve Report effective as the previous January 1st and July 1st, as applicableReport. Each such The Reserve Report Reports shall be prepared by one or more Approved Petroleum Engineers. Notwithstanding the preceding, Borrower will not be required to deliver the first Reserve Report hereunder until August 15, 2004.

Reserve Reports. (a) On or before each March 15 February 15th and August 15 15th the Borrower shall furnish to the Administrative Agent and the Arranger a Reserve Report effective as the previous January 1st and July 1st, as applicable. Each such Reserve Report shall be prepared by one or more Approved Petroleum Engineers. Notwithstanding the preceding, Borrower will not be required to deliver the first Reserve Report hereunder until August 15, 2004.

Reserve Reports. (a) On or before March 1st and September 1st of each year, commencing March 15 and August 15 1, 2010, the Borrower shall furnish to the Administrative Agent and the Arranger Lenders a Reserve Report effective as the previous January 1st and July 1st, as applicableReport. Each such The Reserve Report as of January 1 to be delivered on March 1 of each year shall be prepared by the Loan Parties and reviewed or audited by one or more Approved Petroleum Engineers. Notwithstanding , and the preceding, Borrower will not be required to deliver the first July 1 Reserve Report hereunder until August 15, 2004to be delivered on September 1 of each year shall be prepared by or under the supervision of the chief engineer of the Loan Parties.

Reserve Reports. (a) On or before April 1st and October 1st of each March 15 and August 15 year, commencing October 1, 2006, the Borrower shall furnish to the Administrative Agent and the Arranger Lenders a Reserve Report effective as the previous January 1st and July 1st, as applicableReport. Each such The Reserve Report as of January 1 of each year shall be prepared by one or more Approved Petroleum Engineers. Notwithstanding , and the preceding, Borrower will not be required to deliver the first July 1 Reserve Report hereunder until August 15, 2004of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate and to have been prepared in accordance with the procedures used in the immediately preceding January 1 Reserve Report.

Reserve Reports. (a) On or before March 1st and September 1st of each year, commencing March 15 and August 15 1, 2006, the Borrower shall furnish to the Administrative Agent and the Arranger Lenders a Reserve Report effective as the previous January 1st and July 1st, as applicableReport. Each such The Reserve Report as of January 1 of each year shall be prepared by one or more Approved Petroleum Engineers. Notwithstanding , and the preceding, Borrower will not be required to deliver the first July 1 Reserve Report hereunder until August 15, 2004.of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate and to have been prepared in accordance with the procedures used in the immediately preceding January 1

Reserve Reports. (a) On Commencing on February 15, 2006 and on or before each March February 15 and August 15 thereafter, the Borrower shall furnish to the Administrative Agent and the Arranger a Reserve Report effective as the previous January 1st and July 1st, as applicable. Each such The January 1st Reserve Report shall be prepared by one or more Approved Petroleum Engineers. Notwithstanding the preceding, Borrower will not be required to deliver the first Reserve Report hereunder until August 15, 2004.

Reserve Reports. (a) On or before March 1st and September 1st of each year, commencing March 15 and August 15 1, 2017, the Borrower shall furnish to the Administrative Agent and the Arranger Lenders a Reserve Report effective as the previous January 1st and July 1st, as applicableReport. Each such The Reserve Report as of January 1 to be delivered on March 1 of each year shall be prepared by the Loan Parties and reviewed or audited by one or more Approved Petroleum Engineers. Notwithstanding , and the preceding, Borrower will not be required to deliver the first July 1 Reserve Report hereunder until August 15, 2004to be delivered on September 1 of each year shall be prepared by or under the supervision of the chief engineer of the Loan Parties.

Reserve Reports. (a) On or before March 1st and September 1st of each year, commencing March 15 and August 15 1, 2006, the Borrower shall furnish to the Administrative Agent and the Arranger Lenders a Reserve Report effective as the previous January 1st and July 1st, as applicableReport. Each such The Reserve Report as of January 1 of each year shall be prepared by one or more Approved Petroleum Engineers. Notwithstanding , and the preceding, Borrower will not be required to deliver the first July 1 Reserve Report hereunder until August 15, 2004of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate and to have been prepared in accordance with the procedures used in the immediately preceding January 1 Reserve Report.

Reserve Reports. (a) On or before March 1st and September 1st of each year, commencing March 15 and August 15 1, 2015, the Borrower shall furnish to the Administrative Agent and the Arranger Lenders a Reserve Report effective as the previous January 1st and July 1st, as applicableReport. Each such The Reserve Report as of January 1 to be delivered on March 1 of each year shall be prepared by the Loan Parties and reviewed or audited by one or more Approved Petroleum Engineers. Notwithstanding , and the preceding, Borrower will not be required to deliver the first July 1 Reserve Report hereunder until August 15, 2004to be delivered on September 1 of each year shall be prepared by or under the supervision of the chief engineer of the Loan Parties.

Reserve Reports. (a) On or before each March 15 February 28 and August 15 31 of each year, commencing August 31, 2001, the Borrower shall furnish to the Administrative Agent and the Arranger Lenders a Reserve Report effective as the previous January 1st and July 1st, as applicableReport. Each such The Reserve Report as of January 1 of each year shall be prepared by one or more Approved Petroleum Engineers. Notwithstanding , and the preceding, Borrower will not be required to deliver the first July 1 Reserve Report hereunder until August 15, 2004of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate and to have been prepared in accordance with the procedures used in the immediately preceding January 1 Reserve Report.

Reserve Reports. (ai) On or before March 1 and September 1 of each year, commencing March 15 and August 15 1, 2004, the Borrower shall furnish to the Administrative Agent and the Arranger Lenders a Reserve Report effective as the previous January 1st and July 1st, as applicableReport. Each such The Reserve Report as of December 31 of each year shall be prepared by one or more Approved Petroleum Engineers. Notwithstanding , and the preceding, Borrower will not be required to deliver the first June 30 Reserve Report hereunder until August 15, 2004of each year shall be prepared by or under the supervision of the chief engineer of the Borrower who shall certify such Reserve Report to be true and accurate and to have been prepared in accordance with the procedures used in the immediately preceding December 31 Reserve Report.