Common use of Scheduled and Interim Redeterminations Clause in Contracts

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis in accordance with this Section 2.20 (each such redetermination, a “Scheduled Redetermination”). Subject to Section 2.20(c), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Banks and the Lenders on or about April 1st or October 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October 1, 2018.

Scheduled and Interim Redeterminations. (i) The Subject to Section 2.07(d), the Borrowing Base shall be redetermined (a "Scheduled Redetermination") on a semiMay 1st and November 1st of each year, commencing November 1, 2002. In addition, the Borrower may, by notifying the Administrative Agent thereof, and the Administrative Agent may, at the direction of the Super-annual basis majority Lenders, by notifying the Borrower thereof, one time during any 12-month period, each elect to cause the Borrowing Base to be redetermined between Scheduled Redeterminations (an "Interim Redetermination") in accordance with this Section 2.20 (each such redetermination, a “Scheduled Redetermination”). Subject to Section 2.20(c), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Banks and the Lenders on or about April 1st or October 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October 1, 20182.07.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis annually in accordance with this Section 2.20 2.15 (each such redetermination, a “Scheduled Redetermination”). Subject , and, subject to Section 2.20(c2.15(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Banks Agent and the Lenders on or about April 1st or 15th and October 1st 15th of each year, as applicablecommencing April 15, commencing with the Scheduled Redetermination to occur on or about October 1, 20182013.

Scheduled and Interim Redeterminations. (i) The Commencing with the first Redetermination Date, the Borrowing Base shall be redetermined on a semi-annual basis annually in accordance with this Section 2.20 2.07 (each such redetermination, a “Scheduled Redetermination”). Subject , and, subject to Section 2.20(c2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the each Issuing Banks Bank and the Lenders on or about around April 1st or and October 1st of each year, as applicable, commencing with the Scheduled April 1st or October 1st immediately following the first Redetermination to occur on or about October 1, 2018Date.

Scheduled and Interim Redeterminations. (i) The Subject to Section 2.07(d), the Borrowing Base shall be redetermined on a semi-annual basis in accordance with this Section 2.20 (each such redetermination, a “Scheduled Redetermination”). Subject to Section 2.20(c), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Banks and the Lenders ) on or about April 1st or and October 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October 1, 20182005. In addition, either the Borrower or the Administrative Agent may, or the Administrative Agent shall at the direction of the Majority Lenders, one time during each calendar year, each elect to cause the Borrowing Base to be redetermined between Scheduled Redeterminations (an “Interim Redetermination”) in accordance with this Section 2.07.

Scheduled and Interim Redeterminations. (i) The Borrowing Base and, as applicable prior to the Conforming Date, the Conforming Borrowing Base, shall be redetermined on a semi-annual basis annually in accordance with this Section 2.20 2.07 (each such redetermination, a “"Scheduled Redetermination”"). Subject , and, subject to Section 2.20(c2.07(e), such redetermined Borrowing Base and, as applicable, Conforming Borrowing Base, shall become effective and applicable to the Borrower, the Administrative AgentAgents, the each Issuing Banks Bank and the Lenders on or about April May 1st or October and November 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October November 1, 20182008.

Scheduled and Interim Redeterminations. (i) The Borrowing Base and each portion of the Borrowing Base, shall be redetermined on a semi-annual basis annually in accordance with this Section 2.20 2.07 (each such redetermination, a “"Scheduled Redetermination”"). Subject , and, subject to Section 2.20(c2.07(d), such redetermined Borrowing Base amount shall become effective and applicable to the Borrower, the Administrative AgentAgents, the Issuing Banks and the Lenders on or about April 1st or October 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October 1, 2018.each

Scheduled and Interim Redeterminations. (i) The Subject to Section 2.07(d), the Borrowing Base shall be redetermined (a “Scheduled Redetermination”) on a semior before May 1st of each year, commencing in 2011. In addition, the Borrower may, by notifying the Administrative Agent thereof, and the Administrative Agent may, at the direction of the Super-annual basis majority Lenders, by notifying the Borrower thereof, each elect to cause the Borrowing Base to be redetermined one time between Scheduled Redeterminations (an “Interim Redetermination”) in accordance with this Section 2.20 (each such redetermination, a “Scheduled Redetermination”). Subject to Section 2.20(c), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Banks and the Lenders on or about April 1st or October 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October 1, 20182.07.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis annually in accordance with this Section 2.20 2.4 (each such redetermination, a “Scheduled Redetermination”). Subject , and, subject to Section 2.20(c2.4(d), such redetermined Borrowing Base amount shall become effective and applicable to the Borrower, the Administrative AgentAgents, the each Issuing Banks Bank and the Lenders on or about around April 1st or and October 1st of each year; provided, as applicablehowever, commencing with the Scheduled Redetermination to occur first redetermination shall be on or about October around November 1, 2018.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis annually in accordance with this Section 2.20 2.07 (each such redetermination, a “Scheduled Redetermination”). Subject , and, subject to Section 2.20(c2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative AgentAgents, the each Issuing Banks Bank and the Lenders on or about April 1st or and October 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October 1, 20182010.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis annually in accordance with this Section 2.20 2.07 (each such scheduled redetermination, a “Scheduled Redetermination”). Subject ) and, subject to Section 2.20(c2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Banks and the Lenders on or about April 1st or 1 and October 1st 1 of each yearyear (or, in each case, such date promptly thereafter as applicablereasonably practicable), commencing with the Scheduled Redetermination to occur on or about October April 1, 20182023.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis semi‑annually in accordance with this Section 2.20 2.07 (each such redetermination, a “Scheduled Redetermination”). Subject In addition, (y) each of the Borrower and Required Lenders shall have the right to Section 2.20(c), such redetermined request one additional Borrowing Base determination in each period between scheduled Borrowing Base determinations, and (z) the Required Lenders shall become effective and applicable have the right to request an additional Borrowing Base determination to the Borrowerextent contemplated by Section 9.11 (each, the Administrative Agent, the Issuing Banks and the Lenders on or about April 1st or October 1st of each year, as applicable, commencing an “Interim Redetermination”) in accordance with the Scheduled Redetermination to occur on or about October 1, 2018.this Section 2.07. It is expressly agreed that:

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis annually in accordance with this Section 2.20 2.07 (each such redetermination, a “Scheduled Redetermination”). Subject , and, subject to Section 2.20(c2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Banks Bank and the Lenders on or about April 1st or October 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October 1, 2018.Lenders

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis annually in accordance with this Section 2.20 2.07 (each such redetermination, a “"Scheduled Redetermination”"). Subject , and, subject to Section 2.20(c2.07(d), such redetermined Borrowing Base shall become effective and applicable to the BorrowerBorrowers, the Administrative AgentAgents, the each Issuing Banks Bank and the Lenders on or about April May 1st or October and November 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October May 1, 20182006.

Scheduled and Interim Redeterminations. (i) The Subject to Section 2.07(d), the Borrowing Base shall be redetermined on (a semi-annual basis “Scheduled Redetermination”) no later than April 1 and October 1 of each year, commencing October 1, 2013. In addition, the Borrower may, by notifying the Administrative Agent thereof, and the Administrative Agent may, at the direction of the Majority Lenders, by notifying the Borrower thereof, elect to cause the Borrowing Base to be redetermined once between each Scheduled Redetermination (an “Interim Redetermination”) in accordance with this Section 2.20 (each such redetermination, a “Scheduled Redetermination”). Subject to Section 2.20(c), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Banks and the Lenders on or about April 1st or October 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October 1, 20182.07.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis quarterly in accordance with this Section 2.20 2.07(b)(i) (each such redetermination, a “Scheduled Quarterly Redetermination”). Subject , and, subject to Section 2.20(c2.07(d), such redetermined Borrowing Base shall become effective and applicable to the BorrowerBorrowers, the Administrative Agent, the Issuing Banks Bank and the Lenders on or about April 1st or October 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about before October 1, 20182013, January 1, 2014 and April 1, 2014 beginning October 1, 2013 or, in each case, such date promptly thereafter as reasonably practicable based on the engineering and other information available to the Lenders.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis in accordance with this Section 2.20 (each such semi-annual redetermination, a “Scheduled Redetermination”). Subject to Section 2.20(c), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Banks and the Lenders on or about April 1st or 15 and October 1st 15 of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October 1April 15, 20182023.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis annually in accordance with this Section 2.20 2.07 (each such redetermination, a “Scheduled Redetermination”). Subject , and, subject to Section 2.20(c2.07(e), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative AgentAgents, the each Issuing Banks Bank and the Lenders on June 1st (or about April such date promptly thereafter as reasonably practicable based on the engineering and other information available to the Lenders) and December 1st (or October 1st such date promptly thereafter as reasonably practicable based on the engineering and other information available to the Lenders) of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October December 1, 20182005.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis in accordance with this Section 2.20 (each such redetermination, a “Scheduled Redetermination”). Subject to Section 2.20(c), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Banks and the Lenders on or about April 1st or October 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October 1, 20182022.

Scheduled and Interim Redeterminations. (i) The Subject to Section 2.07(d), the Borrowing Base shall be redetermined (a “Scheduled Redetermination”) on a semiMay 1st and November 1st of each year, commencing November 1, 2005. In addition, the Borrower may, by notifying the Administrative Agent thereof, and the Administrative Agent may, at the direction of the Super-annual basis majority Lenders, by notifying the Borrower thereof, one time during any 12-month period, each elect to cause the Borrowing Base to be redetermined between Scheduled Redeterminations (an “Interim Redetermination”) in accordance with this Section 2.20 (each such redetermination, a “Scheduled Redetermination”). Subject to Section 2.20(c), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Banks and the Lenders on or about April 1st or October 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October 1, 20182.07.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis annually in accordance with this Section 2.20 2.07 (each such scheduled redetermination, a “Scheduled Redetermination”). Subject ) and, subject to Section 2.20(c2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Banks and the Lenders Banks on or about April 1st or October 1st May 1 and November 1 of each yearyear (or, in each case, such date promptly thereafter as applicablereasonably practicable), commencing with the Scheduled Redetermination to occur on or about October May 1, 2018.2024. 66

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis annually in accordance with this Section 2.20 2.07 (each such redetermination, a “"Scheduled Redetermination”"). Subject In addition, (y) each of the Borrower and Required Lenders shall have the right to Section 2.20(c), such redetermined request one additional Borrowing Base determination in each period between scheduled Borrowing Base determinations, and (z) the Required Lenders shall become effective and applicable have the right to request an additional Borrowing Base determination to the Borrowerextent contemplated by Section 9.11 (each, the Administrative Agent, the Issuing Banks and the Lenders on or about April 1st or October 1st of each year, as applicable, commencing an "Interim Redetermination") in accordance with the Scheduled Redetermination to occur on or about October 1, 2018.this Section 2.07. It is expressly agreed that:

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis annually in accordance with this Section 2.20 2.07(b)(i) (each such redetermination, a “Scheduled Redetermination”). Subject , and, subject to Section 2.20(c2.07(a), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Banks Bank and the Lenders on or about before April 1st or and October 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about year beginning October 1, 20182014 or, in each case, such date promptly thereafter as reasonably practicable based on the engineering and other information available to the Lenders.

Scheduled and Interim Redeterminations. (i) The Subject to Section 2.07(d), the Borrowing Base shall be redetermined (a “Scheduled Redetermination”) on a semiMay 1st of each year, commencing May 1, 2008. In addition, the Borrower may, by notifying the Administrative Agent thereof, and the Administrative Agent may, at the direction of the Super-annual basis majority Lenders, by notifying the Borrower thereof, each elect to cause the Borrowing Base to be redetermined one time between Scheduled Redeterminations (an “Interim Redetermination”) in accordance with this Section 2.20 (each such redetermination, a “Scheduled Redetermination”). Subject to Section 2.20(c), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Banks and the Lenders on or about April 1st or October 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October 1, 20182.07.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis annually in accordance with this Section 2.20 2.07 (each such redetermination, a “Scheduled Redetermination”). Subject , and, subject to Section 2.20(c2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Banks Bank(s) and the Lenders on or about April May 1st or October and November 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October November 1, 2018. The Borrower may, by notifying the Administrative Agent thereof, one time between any Scheduled Redetermination, elect to cause the Borrowing Base to be redetermined in accordance with this Section 2.07.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis annually on or around November 1st and May 1st in accordance with this Section 2.20 2.07 (each such redetermination, a “Scheduled Redetermination”). Subject ) with the first Scheduled Redetermination to take place November 1, 2011, and, subject to Section 2.20(c2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Banks Bank and the Lenders on or about April around November 1st or October and May 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October 1, 2018.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis annually in accordance with this Section 2.20 2.4 (each such redetermination, a “Scheduled Redetermination”). Subject , and, subject to Section 2.20(c2.4(d), such redetermined Borrowing Base amount shall become effective and applicable to the Borrower, the Administrative AgentAgents, the each Issuing Banks Bank and the Lenders on or about around April 1st or and October 1st of each year, as applicable, year (commencing with the Scheduled Redetermination to occur on or about around October 1, 20182019).

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis annually in accordance with this Section 2.20 2.07 (each such redetermination, a “Scheduled Redetermination”). Subject , and, subject to Section 2.20(c2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative AgentAgents, the each Issuing Banks Bank and the Lenders on or about April 1st or and October 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October 1, 20182006.

Scheduled and Interim Redeterminations. (i) The Subject to Section 2.07(d), the Borrowing Base shall be redetermined on (a semi“Scheduled Redetermination”) no later than April 1 and October 1 of each year, commencing October 1, 2008. In addition, the Borrower may, by notifying the Administrative Agent thereof, and the Administrative Agent may, at the direction of the Majority Lenders, by notifying the Borrower thereof, one time during any 12-annual basis month period, elect to cause the Borrowing Base to be redetermined between Scheduled Redeterminations (an “Interim Redetermination”) in accordance with this Section 2.20 (each such redetermination, a “Scheduled Redetermination”). Subject to Section 2.20(c), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Banks and the Lenders on or about April 1st or October 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October 1, 20182.07.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis annually in accordance with this Section 2.20 (each such redetermination, a “Scheduled Redetermination”). Subject to Section 2.20(c)In addition, such redetermined Borrowing Base shall become effective the Borrower may, by notifying the Administrative Agent thereof and applicable to the Borrower, the Administrative Agent, acting at the Issuing Banks and direction of the Majority Lenders on or about April 1st or October 1st of may, by notifying the Borrower thereof, elect to cause the Borrowing Base to be redetermined between Scheduled Redeterminations (an “Interim Redetermination”), in each yearcase, as applicablenot more than once between Scheduled Redeterminations, commencing in accordance with the Scheduled Redetermination to occur on or about October 1, 2018this Section.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis annually in accordance with this Section 2.20 2.07 (each such redetermination, a “Scheduled Redetermination”). Subject , and, subject to Section 2.20(c2.07(e), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative AgentAgents, the each Issuing Banks Bank and the Lenders on May 1st (or about April such date promptly thereafter as reasonably practicable based on the engineering and other information available to the Lenders) and November 1st (or October 1st such date promptly thereafter as reasonably practicable based on the engineering and other information available to the Lenders) of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October May 1, 20182007.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis annually on or around November 1st and May 1st in accordance with this Section 2.20 2.07 (each such redetermination, a “Scheduled Redetermination”). Subject ) with the first Scheduled Redetermination to take place May 1, 2014, and, subject to Section 2.20(c2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Banks Bank and the Lenders on or about April around November 1st or October and May 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October 1, 2018.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis annually in accordance with this Section 2.20 2.07 (each such redetermination, a “Scheduled Redetermination”). Subject , and, subject to Section 2.20(c2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative AgentAgents, the each Issuing Banks Bank and the Lenders on or about April 1st or and October 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October April 1, 20182017.

Scheduled and Interim Redeterminations. (i) The Subject to Section 2.07(d), the Borrowing Base shall be redetermined (a “Scheduled Redetermination”) on a semiMay 1st of each year, commencing May 1, 2010. In addition, the Borrower may, by notifying the Administrative Agent thereof, and the Administrative Agent may, at the direction of the Super-annual basis majority Lenders, by notifying the Borrower thereof, each elect to cause the Borrowing Base to be redetermined one time between Scheduled Redeterminations (an “Interim Redetermination”) in accordance with this Section 2.20 (each such redetermination, a “Scheduled Redetermination”). Subject to Section 2.20(c), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Banks and the Lenders on or about April 1st or October 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October 1, 20182.07.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis annually on or around November 1st and May 1st in accordance with this Section 2.20 2.07 (each such redetermination, a “Scheduled Redetermination”). Subject ) with the first Scheduled Redetermination to take place May 1, 2015, and, subject to Section 2.20(c2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Banks Bank and the Lenders on or about April around November 1st or October and May 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October 1, 2018.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annual basis annually in accordance with this Section 2.20 2.4 (each such redetermination, a “Scheduled Redetermination”). Subject , and, subject to Section 2.20(c2.4(d), such redetermined Borrowing Base amount shall become effective and applicable to the Borrower, the Administrative AgentAgents, the each Issuing Banks Bank and the Lenders on or about around April 1st or and October 1st of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about October 1, 2018.