Common use of Scheduled and Interim Redetermination Procedure Clause in Contracts

Scheduled and Interim Redetermination Procedure. (i) Each Scheduled Redetermination and each Interim Redetermination shall be effectuated as follows: Upon receipt by the Administrative Agent of (A) the Reserve Report and the certificate required to be delivered by the Borrower to the Administrative Agent, in the case of a Scheduled Redetermination, pursuant to clauses (a) and (c) of Section 5.13, and, in the case of an Interim Redetermination, pursuant to clauses (a) and (c) of Section 5.13, and (B) such other reports, data and supplemental information, including, without limitation, the information provided pursuant to clause (c) of Section 5.13, as may, from time to time, be reasonably requested by the Required Lenders (the Reserve Report, such certificate and such other reports, data and supplemental information being the “Engineering Reports”), the Administrative Agent shall evaluate the information contained in the Engineering Reports and shall propose a new Borrowing Base which shall be based upon such information from the Engineering Reports and such other information as the Administrative Agent deems appropriate in its sole discretion consistent with its lending criteria as it exists at such time. In no event shall the Proposed Borrowing Base exceed the Aggregate Maximum Loan Amount;

Scheduled and Interim Redetermination Procedure. (i) Each Scheduled Redetermination and each Interim Redetermination shall be effectuated as follows: Upon upon receipt by the Administrative Agent of (A) the Reserve Report and the certificate required to be delivered by the Borrower to the Administrative Agent, in the case of a Scheduled Redetermination, pursuant to clauses (aSection 8.12(a) and (c) of Section 5.13), and, in the case of an Interim Redetermination, pursuant to clauses (aSection 8.12(b) and (c) of Section 5.13), and (B) such other reports, data and supplemental information, including, without limitation, the information provided pursuant to clause (c) of Section 5.138.12(c), as may, from time to time, be reasonably requested by the Required Administrative Agent or the Majority Lenders (the Reserve Report, such certificate and such other reports, data and supplemental information being the “Engineering Reports”), the Administrative Agent shall evaluate the information contained in the Engineering Reports and shall shall, in its sole discretion, propose a new Borrowing Base which shall be (the “Proposed Borrowing Base”) based upon such information from and such other information (including, without limitation, the status of title information with respect to the Oil and Gas Properties as described in the Engineering Reports and such the existence of any other information Debt) as the Administrative Agent deems appropriate in its sole discretion and consistent with its normal oil and gas lending criteria as it exists at such the particular time. In no event shall the Proposed Borrowing Base exceed the Aggregate Maximum Loan Amount;Credit Amounts.

Scheduled and Interim Redetermination Procedure. (i) Each Scheduled Redetermination and each Interim Redetermination shall be effectuated as follows: Upon upon receipt by the Administrative Agent of (A) the Reserve Report for such redetermination and the certificate required to be delivered related Reserve Report Certificate (unless waived by the Borrower to the Administrative Agent, in the case of a Scheduled Redetermination, pursuant to clauses (a) and (c) of Section 5.13, and, Agent in the case of an Interim Redetermination, pursuant to clauses (a) and (c) of Section 5.13, and (B) such other reports, data and supplemental information, including, without limitation, including the information provided pursuant to clause (c) of Section 5.138.11(c), as may, from time to time, be reasonably requested by the Required Lenders Administrative Agent or a Lender (the Reserve Report, such certificate Reserve Report Certificate and such other reports, data and supplemental information being the “Engineering Reports”), the Administrative Agent shall evaluate the information contained in the Engineering Reports and shall propose a new Borrowing Base which shall be (the “Proposed Borrowing Base”) based upon such information from and such other information (including the status of title information with respect to the Oil and Gas Properties as described in the Engineering Reports and such the existence of any other information Indebtedness) as the Administrative Agent deems appropriate in its sole discretion and consistent with its oil and gas lending criteria as it exists at such the particular time. In no event shall the Proposed Borrowing Base exceed the Aggregate Maximum Loan Amount;Credit Amounts.

Scheduled and Interim Redetermination Procedure. (i) Each Scheduled Redetermination and each Interim Redetermination shall be effectuated as follows: Upon upon receipt by the Administrative Agent of (A) the Reserve Report for such redetermination and the certificate required to be delivered related Reserve Report Certificate (unless waived by the Borrower to the Administrative Agent, in the case of a Scheduled Redetermination, pursuant to clauses (a) and (c) of Section 5.13, and, Agent in the case of an Interim Redetermination, pursuant to clauses (a) and (c) of Section 5.13, and (B) such other reports, data and supplemental information, including, without limitation, including the information provided pursuant to clause (c) of Section 5.138.11(c), as may, from time to time, be reasonably requested by the Required Lenders Administrative Agent or a Lender (the Reserve Report, such certificate Reserve Report Certificate and such other reports, data and supplemental information being the “Engineering Reports”), the Administrative Agent in its sole discretion shall evaluate the information contained in the Engineering Reports and shall propose a new Borrowing Base which shall be (the “Proposed Borrowing Base”) in good faith based upon such information from and such other information (including the status of title information with respect to the Oil and Gas Properties as described in the Engineering Reports and such the existence of any other information Indebtedness) as the Administrative Agent deems appropriate in its sole discretion and consistent with its oil and gas lending criteria as it exists at such the particular time. In no event shall the Proposed Borrowing Base exceed the Aggregate Maximum Loan Amount;Credit Amounts.

Scheduled and Interim Redetermination Procedure. (i) Each Scheduled Redetermination and each Interim Redetermination shall be effectuated as follows: Upon receipt by the Administrative Agent of (A) the Reserve Report and the certificate required to be delivered by the Borrower to the Administrative Agent, in the case of a Scheduled Redetermination, pursuant to clauses (aSection 8.12(a) and (c) of Section 5.13), and, in the case of an Interim Redetermination, pursuant to clauses (aSection 8.12(b) and (c) of Section 5.13), and (B) such other reports, data and supplemental information, including, without limitation, the information provided pursuant to clause (c) of Section 5.138.12(c), as may, from time to time, be reasonably requested by the Required Majority Lenders (the Reserve Report, such certificate and such other reports, data and supplemental information being the “Engineering Reports”), the Administrative Agent shall evaluate the information contained in the Engineering Reports and shall shall, in its sole discretion, propose a new Borrowing Base which shall be (such amount, the “Proposed Borrowing Base”), based upon such information from and such other information (including, without limitation, the status of title information with respect to the Oil and Gas Properties as described in the Engineering Reports and such the existence of any other information Indebtedness) as the Administrative Agent deems appropriate in its sole discretion discretion, but consistent with its normal oil and gas lending criteria as it exists at such the particular time. In no event shall the Proposed Borrowing Base exceed the Aggregate Maximum Loan Amount;Credit Amounts.

Scheduled and Interim Redetermination Procedure. (i) Each Scheduled Redetermination and each Interim Redetermination shall be effectuated as follows: Upon receipt by the Administrative Agent of (A) the Reserve Report and the certificate required to be delivered by the Borrower to the Administrative Agent, in the case of a Scheduled Redetermination, the Engineering Report as of July 1 pursuant to clauses (aSection 8.2(e) and (cor the Engineering Report as of January 1 pursuant to Section 8.2(f) of Section 5.13, and, in the case of an Interim Redetermination, the Engineering Report pursuant to clauses (a) and (c) of Section 5.138.2(f), and (B) such other reports, data and supplemental information, including, without limitation, the information provided pursuant to clause (c) of Section 5.13, as may, from time to time, be reasonably requested by the Required Majority Lenders (the Reserve Report, such certificate Engineering Report and such other reports, data and supplemental information being the “Engineering ReportsData”), the Administrative Agent shall evaluate the information contained in the Engineering Reports Data and shall shall, in its sole discretion, propose a new Borrowing Base which shall be (the “Proposed Borrowing Base”) based upon such information from the Engineering Reports and such other information (including, without limitation, the status of title information with respect to the Oil and Gas Properties as described in the Engineering Data and the existence of any other Debt) as the Administrative Agent deems appropriate in its sole discretion consistent with its lending criteria as it exists at such timediscretion. In no event shall the Proposed Borrowing Base exceed the Aggregate Maximum Loan Amount;Credit Amounts.

Scheduled and Interim Redetermination Procedure. (i) Each Scheduled Redetermination and each Interim Redetermination shall be effectuated as follows: Upon upon receipt by the Administrative Agent of (A) the Reserve Report for such redetermination and the certificate required to be delivered related Reserve Report Certificate (unless waived by the Borrower to the Administrative Agent, in the case of a Scheduled Redetermination, pursuant to clauses (a) and (c) of Section 5.13, and, Agent in the case of an Interim Redetermination, pursuant to clauses (a) and (c) of Section 5.13, and (B) such other reports, data and supplemental information, including, without limitation, the information provided pursuant to clause (c) of Section 5.138.12(c), as may, from time to time, be reasonably requested by the Required Lenders (the Reserve Report, such certificate Reserve Report Certificate and such other reports, data and supplemental information being the “Engineering Reports”), the Administrative Agent shall evaluate the information contained in the Engineering Reports and shall shall, in good faith, propose a new Borrowing Base which shall be (the “Proposed Borrowing Base”) based upon such information from and such other information (including, without limitation, the status of title information with respect to the Oil and Gas Properties as described in the Engineering Reports and such the existence of any other information Indebtedness) as the Administrative Agent deems appropriate in its sole discretion and consistent with its normal oil and gas lending criteria as it exists at such the particular time. In no event shall the Proposed Borrowing Base at such time exceed the Aggregate Maximum Loan Amount;Credit Amounts.

Scheduled and Interim Redetermination Procedure. (i) Each Scheduled Redetermination and each Interim Redetermination shall be effectuated as follows: Upon receipt by the Administrative Agent of (A) the Reserve Report and the certificate required to be delivered by the Borrower to the Administrative Agent, in the case of a Scheduled Redetermination, pursuant to clauses (a) and (c) of Section 5.13, and, in the case of an Interim Redetermination, pursuant to clauses (ab) and (c) of Section 5.13, and (B) such other reports, data and supplemental information, including, without limitation, the information provided pursuant to clause (c) of Section 5.13, as may, from time to time, be reasonably requested by the Required Lenders (the Reserve Report, such certificate and such other reports, data and supplemental information being the “Engineering Reports”), the Administrative Agent shall evaluate the information contained in the Engineering Reports and shall propose a new Borrowing Base which shall be based upon such information from the Engineering Reports and such other information as the Administrative Agent deems appropriate in its sole discretion consistent with its lending criteria as it exists at such time. In no event shall the Proposed Borrowing Base exceed the Aggregate Maximum Loan Amount;

Scheduled and Interim Redetermination Procedure. (i) Each Scheduled Redetermination and each Interim Redetermination shall be effectuated as follows: Upon receipt by the Administrative Agent of (A) the Reserve Report and the certificate required to be delivered by the Borrower to the Administrative Agent, (1) in the case of a Scheduled Redetermination, pursuant to clauses (aSection 8.12(a) and (c), and (2) of Section 5.13, and, in the case of an Interim Redetermination, pursuant to clauses (aSection 8.12(b) and (c) of Section 5.13), and (B) such other reports, data and supplemental information, including, without limitation, the information provided pursuant to clause (c) of Section 5.138.12(c), as may, from time to time, be reasonably requested by the Required Lenders (the Reserve Report, such certificate and such other reports, data and supplemental information being the “Engineering Reports”), the Administrative Agent shall evaluate the information contained in the Engineering Reports and shall shall, in its sole discretion, propose a new Borrowing Base which shall be (the “Proposed Borrowing Base”) based upon such information from and such other information (including, without limitation, the status of title information with respect to the Oil and Gas Properties as described in the Engineering Reports and such the existence of any other information Debt, the internal credit evaluation and other financial information) as the Administrative Agent deems appropriate in its sole discretion consistent with its lending criteria as it exists at such time. In no event shall the Proposed Borrowing Base exceed the Aggregate Maximum Loan Amount;discretion.

Scheduled and Interim Redetermination Procedure. (i) Each Scheduled Redetermination and each Interim Redetermination shall be effectuated as follows: Upon receipt by the Administrative Agent of (A) the Reserve Report and the certificate required to be delivered by the Borrower to the Administrative Agent, in the case of a Scheduled Redetermination, pursuant to clauses (a) and (c) of Section 5.13, and, in the case of an Interim Redetermination, pursuant to clauses (a) and (c) of Section 5.13Reserve Report Certificate, and (B) such other reports, data and supplemental information, including, without limitation, the information provided pursuant to clause (c) of Section 5.138.12(c), as may, from time to time, be reasonably requested by the Required Majority Lenders (the Reserve Report, such certificate and such other reports, data and supplemental information being the “Engineering Reports”), the Administrative Agent shall evaluate the information contained in the Engineering Reports and shall shall, in its sole discretion, propose a new Borrowing Base which shall be (such amount, the “Proposed Borrowing Base”) based upon such information from and such other information (including, without limitation, the status of title information with respect to the Oil and Gas Properties as described in the Engineering Reports and such the existence of any other information Debt) as the Administrative Agent deems appropriate in its sole discretion and consistent with its normal oil and gas lending criteria as it exists at such the particular time. In no event shall the Proposed Borrowing Base exceed the Aggregate Maximum Loan Amount;Credit Amounts.

Scheduled and Interim Redetermination Procedure. (i) Each Scheduled Redetermination and each Interim Redetermination shall be effectuated as follows: Upon receipt by the Administrative Agent of (A) the Reserve Report and the certificate required to be delivered by the Borrower to the Administrative Agent, in the case of a Scheduled Redetermination, pursuant to clauses (aSection 8.12(a) and (c) of Section 5.138.12(c), and, in the case of an Interim Redetermination, pursuant to clauses (aSection 8.12(b) and (c) of Section 5.138.12(c), and (B) such other reports, data and supplemental information, including, without limitation, the information provided pursuant to clause (c) of Section 5.138.12(c), as may, from time to time, be reasonably requested by the Required Majority Lenders (the Reserve Report, such certificate and such other reports, data and supplemental information being the “Engineering Reports”), the Administrative Agent shall evaluate the information contained in the Engineering Reports and shall shall, in good faith, propose a new Borrowing Base which shall be (the “Proposed Borrowing Base”) based upon such information from and such other information (including, without limitation, the status of title information with respect to the Oil and Gas Properties as described in the Engineering Reports and such the existence of any other information Debt) as the Administrative Agent deems appropriate in its sole discretion and consistent with its normal oil and gas lending criteria as it exists at such the particular time. In no event shall the Proposed Borrowing Base exceed the Aggregate Maximum Loan Amount;Credit Amounts.

Scheduled and Interim Redetermination Procedure. (i) Each Scheduled Redetermination and each Interim Redetermination shall be effectuated as follows: Upon receipt by the Administrative Agent of (A) the Reserve Report and the certificate required to be delivered by the Borrower to the Administrative Agent, in the case of a Scheduled Redetermination, pursuant to clauses subsections (a) and (c) of Section 5.13, and, in the case of an Interim Redetermination, pursuant to clauses subsections (ab) and (c) of Section 5.13, and (B) such other reports, data and supplemental information, including, without limitation, the information provided pursuant to clause subsection (c) of Section 5.13, as may, from time to time, be reasonably requested by the Required Lenders (the Reserve Report, such certificate and such other reports, data and supplemental information being the “Engineering Reports”), the Administrative Agent shall evaluate the information contained in the Engineering Reports and shall propose a new Borrowing Base which shall be based upon such information from the Engineering Reports and such other information as the Administrative Agent deems appropriate in its sole discretion consistent with its applicable lending criteria as it exists at such time. In no event shall the Proposed Borrowing Base exceed the Aggregate Maximum Loan Amount;

Scheduled and Interim Redetermination Procedure. (i) Each Scheduled Redetermination and each Interim Redetermination shall be effectuated as follows: Upon receipt by the Administrative Agent of (A) the Reserve Report and the certificate required to be delivered by the Borrower to the Administrative AgentBorrower, in the case of a Scheduled Redetermination, pursuant to clauses (aSection 8.12(a) and (c) of Section 5.13), and, in the case of an Resolute Energy Corporation Second Amended & Restated Credit Agreement Interim Redetermination, pursuant to clauses (aSection 8.12(b) and (c) of Section 5.13), and (B) such other reports, data and supplemental information, including, without limitation, the information provided pursuant to clause (c) of Section 5.138.12(c), as may, from time to time, be reasonably requested by the Administrative Agent or the Required Lenders (the Reserve Report, such certificate and such other reports, data and supplemental information being the “Engineering Reports”), the Administrative Agent shall evaluate the information contained in the Engineering Reports and shall shall, in good faith, propose a new Borrowing Base which shall be (the “Proposed Borrowing Base”) based upon such information from and such other information (including, without limitation, the status of title information with respect to the proved Oil and Gas Properties as described in the Engineering Reports and such the existence of any other information Debt) as the Administrative Agent deems appropriate in its sole discretion and consistent with its normal oil and gas lending criteria as it exists at such the particular time. In no event shall the Proposed Borrowing Base exceed the Aggregate Maximum Loan Amount;Credit Amounts.

Scheduled and Interim Redetermination Procedure. (i) Each Scheduled Redetermination and each Interim Redetermination shall be effectuated as follows: Upon receipt by the Administrative Agent of (A) the Reserve Report and the certificate required to be delivered by the Borrower to the Administrative Agent, in the case of a Scheduled Redetermination, pursuant to clauses (aSection 8.12(a) and (c) of Section 5.138.12(c), and, in the case of an Interim Redetermination, pursuant to clauses (aSection 8.12(b) and (c) of Section 5.138.12(c), and (B) such other reports, data and supplemental information, including, without limitation, the information provided pursuant to clause (c) of Section 5.138.12(c), as may, from time to time, be reasonably requested by the Required Majority Lenders (the Reserve Report, such certificate and such other reports, data and supplemental information being the “Engineering Reports”), the Administrative Agent shall evaluate the information contained in the Engineering Reports and shall shall, in its sole discretion, propose a new Borrowing Base which shall be (the “Proposed Borrowing Base”) based upon such information from and such other information (including, without limitation, the status of title information with respect to the Oil and Gas Properties as described in the Engineering Reports and such the existence of any other information Debt) as the Administrative Agent deems appropriate in its sole discretion and consistent with its normal and customary oil and gas lending criteria as it exists at such the particular time. In no event shall the Proposed Borrowing Base exceed the Aggregate Maximum Loan Amount;Credit Amounts.

Scheduled and Interim Redetermination Procedure. (i) Each Scheduled Redetermination and each Interim Redetermination shall be effectuated as follows: Upon receipt by the Administrative Agent of (A) the Reserve Report and the certificate required to be delivered by the Borrower to the Administrative Agent, in the case of a Scheduled Redetermination, pursuant to clauses Section 9.12(a), (a) and (c) of Section 5.13), and, in the case of an Interim Redetermination, pursuant to clauses (aSection 9.12(b) and (c) of Section 5.13), and (B) such other reports, data and supplemental information, including, without limitation, the information provided pursuant to clause (c) of Section 5.139.12(c), as may, from time to time, be reasonably requested by the Required Majority Revolving Lenders (the Reserve Report, such certificate and such other reports, data and supplemental information being the “"Engineering Reports”"), the Administrative Agent shall evaluate the information contained in the Engineering Reports and shall shall, in good faith, propose a new Borrowing Base which shall be (the "Proposed Borrowing Base") based upon such information from and such other information (including, without limitation, the status of title information with respect to the Oil and Gas Properties as described in the Engineering Reports and such the existence of any other information Debt) as the Administrative Agent deems appropriate in its sole discretion and consistent with its normal oil and gas lending criteria as it such exists at such the particular time. In no event shall the Proposed Borrowing Base exceed the Aggregate Maximum Loan Amount;Commitments.