Semi Annual Engineering Update on or prior to October 31 of each year, a written update to the engineering and reserves information provided in the Engineering Report previously delivered pursuant to Section 9.1(e)(vii), effective as of the immediately preceding September 30, prepared by the internal engineering staff of the Borrower, together with the lease operating statements of the Borrower for the immediately preceding 12 months; such update to include such updated reserve information and other information and otherwise to be in form and substance as may be required by the Agent and the Lenders, each acting reasonably;
Semi Annual Engineering Update. On or prior to October 31 of each year (commencing on October 31, 2023), the Borrower will furnish the Agent a written update to the engineering and reserves information provided in the Engineering Report previously delivered pursuant to Section 14.2(l), effective as of June 30 of such year, or such other date as the Borrower and the Majority Lenders may agree on, prepared by the internal engineering staff of the Borrower; such update to include such updated reserve information and other information and otherwise to be in form and substance as may be required by the Agent and the Lenders, each acting reasonably.
