Common use of Second Amendment Borrowing Base Clause in Contracts

Second Amendment Borrowing Base. For the period from and including the Second Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be $148,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments in between Scheduled Redeterminations from time to time pursuant to Section 2.07(e), Section 2.07(f), Section 8.13(c) or Section 8.20. For purposes of this Agreement, the determination of the Borrowing Base on the Second Amendment Effective Date provided for herein shall be deemed and considered to be the August 1, 2019 Scheduled Redetermination.

Appears in 2 contracts

Samples: Credit Agreement (Fortis Minerals, LLC), Credit Agreement (Fortis Minerals, LLC)

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Second Amendment Borrowing Base. For the period from and including the Second Amendment Effective Date to but excluding the next first Redetermination Date following the Second Amendment Effective Date, the amount of the Borrowing Base shall be an amount equal to $148,000,000500,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments in between Scheduled Redeterminations from time to time pursuant to Section 2.07(e), Section 2.07(f8.13(c), Section 8.13(c9.12(d), Section 9.12(e) or Section 8.209.12(f). For purposes the avoidance of this Agreementdoubt, the determination redetermination of the Borrowing Base on the Second Amendment Effective Date provided for herein pursuant to this Section 2.07(a) shall be deemed and considered to be not constitute the August April 1, 2019 2021 Scheduled Redetermination.

Appears in 1 contract

Samples: Credit Agreement (Oasis Petroleum Inc.)

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Second Amendment Borrowing Base. For the period from and including the Second Amendment Effective Date to but excluding the next Redetermination DateDate to occur thereafter, the amount of the Borrowing Base shall be an amount equal to $148,000,0002,750,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments in between Scheduled Redeterminations from time to time pursuant to Section 2.07(e), Section 2.07(f), Section 8.13(c8.12(c) or Section 8.209.12(d). For purposes of this Agreement, the determination The redetermination of the Borrowing Base on the Second Amendment Effective Date provided for herein pursuant to this Section 2.07(a) shall be deemed and considered to be constitute the August October 1, 2019 2022 Scheduled Redetermination.

Appears in 1 contract

Samples: Credit Agreement (Chord Energy Corp)

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