Common use of Scheduled Termination of Revolving Commitments Clause in Contracts

Scheduled Termination of Revolving Commitments. Unless previously terminated, the Revolving Commitments shall terminate on the Revolving Credit Maturity Date. If at any time the Aggregate Maximum Credit Amount, the Borrowing Base (solely during a Borrowing Base Period) or the Aggregate Elected Revolving Commitment Amount are terminated or reduced to zero, then the Revolving Commitments shall terminate on the effective date of such termination or reduction.

Appears in 1 contract

Samples: Credit Agreement (PDC Energy, Inc.)

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Scheduled Termination of Revolving Commitments. Unless previously terminated, the Revolving Commitments shall terminate on the Revolving Credit Maturity Date. If at any time the Aggregate Maximum Credit Amount, the Borrowing Base (solely during a Borrowing Base Period) or the Aggregate Elected Revolving Commitment Amount are terminated or reduced to zero, then the Revolving Commitments shall terminate on the effective date of such termination or reduction.

Appears in 1 contract

Samples: Credit Agreement (Hercules Offshore, LLC)

Scheduled Termination of Revolving Commitments. Unless previously terminated, the Revolving Commitments shall terminate on the Revolving Credit Maturity Date. If at any time the Aggregate Maximum Revolving Credit Amount, Amount or the Borrowing Base (solely during a Borrowing Base Period) or the Aggregate Elected Revolving Commitment Amount are is terminated or reduced to zero, then the Revolving Commitments shall terminate on the effective date of such termination or reduction.

Appears in 1 contract

Samples: Credit Agreement (Lonestar Resources US Inc.)

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Scheduled Termination of Revolving Commitments. Unless previously terminated, the Revolving Commitments shall terminate on the Revolving Credit Maturity Date. If at any time the Aggregate Maximum Credit Amount, the Borrowing Base (solely during a Borrowing Base Period) or the Aggregate Elected Revolving Commitment Amount Amounts are terminated or reduced to zeroby the Borrower, then the Revolving Commitments shall terminate on the effective date of such termination or reduction.

Appears in 1 contract

Samples: Credit Agreement (Sundance Energy Australia LTD)

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