Common use of Special Determination of Borrowing Base Clause in Contracts

Special Determination of Borrowing Base. In addition to the redetermination of the Borrowing Base pursuant to Section 4.2, and adjustments of the Borrowing Base pursuant to Section 4.6, Section 4.7 and Section 5.2, Borrower and Required Banks may each request one Special Determination of the Borrowing Base in any Fiscal Year. In addition, Borrower may request Special Determinations from time to time as significant acquisition opportunities are presented to Borrower or for significant development and exploration of Borrower’s and its Restricted Subsidiaries’ Mineral Interests. In the event Required Banks request such a Special Determination, Administrative Agent shall promptly deliver notice of such request to Borrower and Borrower shall, within 20 days following the date of such request, deliver to Banks (i) a Reserve Report prepared as of the last day of the calendar month preceding the date of such request and (ii) such other reports, data and supplemental information as may be reasonably requested by the Required Banks. In the event Borrower requests a Special Determination, Borrower shall deliver written notice of such request to Banks which shall include (A) a Reserve Report prepared as of a date not more than 30 days prior to the date of such request, (B) such other reports, data and supplemental information as may be reasonably requested by the Required Banks and (C) the amount of the Borrowing Base requested by Borrower and to become effective on the Determination Date applicable to such Special Determination. Upon receipt of such Reserve Report, Administrative Agent shall, subject to approval of Required Banks, or all Banks in the event of a proposed increase in the Borrowing Base, redetermine the Borrowing Base in accordance with the procedure set forth in Section 4.2 which Borrowing Base shall become effective on the Determination Date applicable to such Special Determination (or as soon thereafter as Administrative Agent and Required Banks, or all Banks in the event of a proposed increase in the Borrowing Base, approve such Borrowing Base and provide notice thereof to Borrower).

Special Determination of Borrowing Base. In addition to the redetermination --------------------------------------- redeterminations of the Borrowing Base pursuant to Section 4.2, and adjustments of the Borrowing Base pursuant to Section 4.6, Section 4.7 and Section 5.2, Borrower and Borrower, ----------- Administrative Agent or Required Banks may each request one Special Determination Determinations of the Borrowing Base from time to time; provided, that Borrower shall not -------- ---- request more than two (2) Special Determinations in any Fiscal Year. In addition, Borrower may request Special Determinations from time to time as significant acquisition opportunities are presented to Borrower or for significant development and exploration of Borrower’s and its Restricted Subsidiaries’ Mineral Interests. In the event Administrative Agent or Required Banks request such a Special Determination, Administrative Agent shall promptly deliver notice of such request to Borrower and Borrower shall, within 20 ten (10) days following the date of such request, deliver to Banks (i) a Related Asset Report and a Reserve Report prepared as of the last day of the calendar month preceding the date of such request and (ii) such other reports, data and supplemental information as may be reasonably requested by the Required Banksrequest. In the event Borrower requests a Special Determination, Borrower shall deliver written notice of such request to Banks which shall include (Ai) a Related Asset Report and a Reserve Report prepared as of a date not more than 30 thirty (30) days prior to the date of such request, (B) such other reports, data and supplemental information as may be reasonably requested by the Required Banks and (Cii) the amount of the Borrowing Base requested by Borrower and to become effective on the Determination Date applicable to such Special Determination. Upon receipt of such Reserve Report and Related Asset Report, Administrative Agent shall, subject to approval of Required Banks, or all Banks in the event of a proposed increase in the Borrowing Base, redetermine the Borrowing Base in accordance with the procedure set forth in Section 4.2 5.2 which Borrowing Base shall become ----------- effective on the Determination Date applicable to such Special Determination (or as soon thereafter as Administrative Agent and Required Banks, or all Banks in the event of a proposed increase in the Borrowing Base, approve such Borrowing Base and provide notice thereof to Borrower).

Special Determination of Borrowing Base. In addition to the redetermination --------------------------------------- redeterminations of the Borrowing Base pursuant to Section 4.2, and adjustments of the Borrowing Base pursuant to Section 4.6Borrower, Section 4.7 and Section 5.2, Borrower and ----------- Administrative Agent or Required Banks may each request one Special Determination Determinations of the Borrowing Base from time to time; provided, that Borrower shall not request more than two (2) Special Determinations in any Fiscal Year. In addition, Borrower may request Special Determinations from time to time as significant acquisition opportunities are presented to Borrower or for significant development and exploration of Borrower’s and its Restricted Subsidiaries’ Mineral Interests. In the event Administrative Agent or Required Banks request such a Special Determination, Administrative Agent shall promptly deliver notice of such request to Borrower and Borrower shall, within 20 ten (10) days following the date of such request, deliver to Banks (i) a Related Asset Report and a Reserve Report prepared as of the last day of the calendar month preceding the date of such request and (ii) such other reports, data and supplemental information as may be reasonably requested by the Required Banksrequest. In the event Borrower requests a Special Determination, Borrower shall deliver written notice of such request to Banks which shall include (Ai) a Related Asset Report and a Reserve Report prepared as of a date not more than 30 thirty (30) days prior to the date of such request, (B) such other reports, data and supplemental information as may be reasonably requested by the Required Banks and (Cii) the amount of the Borrowing Base requested by Borrower and to become effective on the Determination Date applicable to such Special Determination. Upon receipt of such Reserve Report and Related Asset Report, Administrative Agent shall, subject to approval of Required Banks, or all Banks in the event of a proposed increase in the Borrowing Base, redetermine the Borrowing Base in accordance with the procedure set forth in Section 4.2 which Borrowing Base shall become ----------- effective on the Determination Date applicable to such Special Determination (or as soon thereafter as Administrative Agent and Required Banks, or all Banks in the event of a proposed increase in the Borrowing Base, approve such Borrowing Base and provide notice thereof to Borrower).

Special Determination of Borrowing Base. In addition to the redetermination redeterminations of the Borrowing Base pursuant to Section SECTION 4.2, and adjustments of the Borrowing Base pursuant to Section 4.6Borrower, Section 4.7 and Section 5.2, Borrower and Administrative Agent or Required Banks may each request one Special Determination Determinations of the Borrowing Base from time to time; provided, that Borrower shall not request more than two (2) Special Determinations in any Fiscal Year. In addition, Borrower may request Special Determinations from time to time as significant acquisition opportunities are presented to Borrower or for significant development and exploration of Borrower’s and its Restricted Subsidiaries’ Mineral Interests. In the event Administrative Agent or Required Banks request such a Special Determination, Administrative Agent shall promptly deliver notice of such request to Borrower and Borrower shall, within 20 ten (10) days following the date of such request, deliver to Banks (i) a Related Asset Report and a Reserve Report prepared as of the last day of the calendar month preceding the date of such request and (ii) such other reports, data and supplemental information as may be reasonably requested by the Required Banksrequest. In the event Borrower requests a Special Determination, Borrower shall deliver written notice of such request to Banks which shall include (Ai) a Related Asset Report and a Reserve Report prepared as of a date not more than 30 thirty (30) days prior to the date of such request, (B) such other reports, data and supplemental information as may be reasonably requested by the Required Banks and (Cii) the amount of the Borrowing Base requested by Borrower and to become effective on the Determination Date applicable to such Special Determination. Upon receipt of such Reserve Report and Related Asset Report, Administrative Agent shall, subject to approval of Required Banks, or all Banks in the event of a proposed increase in the Borrowing Base, redetermine the Borrowing Base in accordance with the procedure set forth in Section SECTION 4.2 which Borrowing Base shall become effective on the Determination Date applicable to such Special Determination (or as soon thereafter as Administrative Agent and Required Banks, or all Banks in the event of a proposed increase in the Borrowing Base, approve such Borrowing Base and provide notice thereof to Borrower).

Special Determination of Borrowing Base. In addition to the redetermination redeterminations of the Borrowing Base pursuant to Section 4.2, and adjustments of the Borrowing Base pursuant to Section 4.6, Section 4.7 and Section 5.2, Borrower and Required Banks may each request one a Special Determination of the Borrowing Base once in any each Fiscal Year. In addition, Borrower may request Special Determinations from time to time as significant acquisition opportunities are presented to Borrower or for significant development and exploration of Borrower’s and its Restricted Subsidiaries’ Mineral Interests. In the event Required Banks request such a Special Determination, Administrative Agent shall promptly deliver notice of such request to Borrower Borrower, and Borrower shall, within 20 ten (10) days following the date of such request, deliver to Banks (i) a Related Asset Report and a Reserve Report prepared as of the last day of the calendar month preceding the date of such request and (ii) such other reports, data and supplemental information as may be reasonably requested by the Required Banksrequest. In the event Borrower requests a Special Determination, Borrower shall deliver written notice of such request to Banks which shall include (Ai) a Related Asset Report and a Reserve Report prepared as of a date not more than 30 thirty (30) days prior to the date of such request, (B) such other reports, data and supplemental information as may be reasonably requested by the Required Banks and (Cii) the amount of the Borrowing Base requested by Borrower and to become effective on the Determination Date applicable to such Special Determination. Upon receipt of such Reserve Report and Related Asset Report, Administrative Agent shall, subject to approval of Required Banks, or all Banks in the event of a proposed increase in the Borrowing Base, redetermine the Borrowing Base in accordance with the procedure set forth in Section 4.2 5.2 which Borrowing Base shall become effective on the Determination Date applicable to such Special Determination (or as soon thereafter as Administrative Agent and Required Banks, or all Banks in the event of a proposed increase in the Borrowing Base, approve such Borrowing Base and provide notice thereof to Borrower).