Common use of Special Redeterminations Clause in Contracts

Special Redeterminations. In addition to Scheduled Redeterminations and any adjustments made by the Required Lenders to the Borrowing Base pursuant to Section 7.03 and Section 7.05, (a) the Borrowers may request a Special Redetermination of the Borrowing Base once between each Scheduled Redetermination and (b) the Required Lenders may request a Special Redetermination once between each Scheduled Redetermination. Any request by Borrowers pursuant to this Section 3.04 shall be submitted to the Administrative Agent and each Lender and at the time of such request (or within fifteen (15) days thereafter in the case of the Reserve Report) Borrowers shall (1) deliver to the Administrative Agent and each Lender a Reserve Report prepared as of a date prior to the date of such request that is reasonably acceptable to the Administrative Agent and such other information which the Administrative Agent shall reasonably request, and (2) notify the Administrative Agent and each Lender of the Borrowing Base requested by Borrowers in connection with such Special Redetermination. Any request by Required Lenders pursuant to this Section 3.04 shall be submitted to the Administrative Agent and the Borrowers. Any Special Redetermination shall be made by the Administrative Agent and Lenders in accordance with the procedures and standards set forth in Section 3.03; provided that no Reserve Report is required to be delivered to the Administrative Agent or the Lenders in connection with any Special Redetermination requested by the Required Lenders pursuant to this Section 3.04.

Special Redeterminations. In addition to Scheduled Redeterminations and any adjustments made by the Required Lenders to the Borrowing Base pursuant to Section 7.03 and Section 7.05, (a) the Borrowers Borrower may request a Special Redetermination of the Borrowing Base once between each Scheduled Redetermination and Redetermination, (b) the Required Lenders may request a Special Redetermination once between each Scheduled Redetermination, and (c) the Borrower may request a Special Redetermination of the Borrowing Base if the aggregate PV-9 of all Acquisitions since the most recent Redetermination Date or Special Redetermination exceeds 10% of the Borrowing Base then in effect. Any request by Borrowers Borrower pursuant to this Section 3.04 shall be submitted to the Administrative Agent and each Lender and at the time of such request (or within fifteen (15) days thereafter in the case of the Reserve Report) Borrowers Borrower shall (1) deliver to the Administrative Agent and each Lender a Reserve Report prepared as of a date prior to the date of such request that is reasonably acceptable to the Administrative Agent and such other information which the Administrative Agent shall reasonably request, and (2) notify the Administrative Agent and each Lender of the Borrowing Base requested by Borrowers Borrower in connection with such Special Redetermination. Any request by Required Lenders pursuant to this Section 3.04 shall be submitted to the Administrative Agent and the BorrowersBorrower. Any Special Redetermination shall be made by the Administrative Agent and Lenders in accordance with the procedures and standards set forth in Section 3.03; provided that no Reserve Report is required to be delivered to the Administrative Agent or the Lenders in connection with any Special Redetermination requested by the Required Lenders pursuant to this Section 3.04.

Special Redeterminations. In addition to Scheduled Redeterminations and any adjustments made by Redeterminations, the Required Lenders Borrower shall be permitted to the Borrowing Base pursuant to Section 7.03 and Section 7.05, (a) the Borrowers may request a Special Redetermination of the Borrowing Base and Conforming Borrowing Base once between each Scheduled Redetermination and (b) the Required Lenders may shall be permitted to request a Special Redetermination once between each Scheduled Redeterminationat any time. Any request by Borrowers Borrower pursuant to this Section 3.04 3.03 shall be submitted to the Administrative Agent and each Lender and at the time of such request (or within fifteen twenty (1520) days thereafter in the case of the Reserve Report) Borrowers Borrower shall (1) deliver to the Administrative Agent and each Lender a Reserve Report prepared as of a date prior to the date of such request that is reasonably acceptable to the Administrative Agent and such other information which the Administrative Agent shall reasonably request, and (2) notify the Administrative Agent and each Lender of the Borrowing Base requested by Borrowers Borrower in connection with such Special Redetermination. Any request by Required Lenders for a Special Redetermination pursuant to this Section 3.04 3.03 shall be submitted to the Administrative Agent and the BorrowersBorrower. Any Special Redetermination shall be made by the Administrative Agent and Lenders in accordance with the procedures and standards set forth in Section 3.033.02; provided that no Reserve Report is required to be delivered to the Administrative Agent or the Lenders in connection with any Special Redetermination requested by the Required Lenders pursuant to this Section 3.043.03.

Special Redeterminations. In addition to Scheduled Redeterminations and any adjustments made by the Required Lenders to the Borrowing Base Special Redeterminations pursuant to Section 7.03 and Section 7.057.03(d), (a) the Borrowers may request a Special Redetermination of the Borrowing Base (i) once between each Scheduled Redetermination in any calendar year ending on or before December 31, 2009 and (ii) twice in any calendar year thereafter and (b) the Required Lenders may request a Special Redetermination (i) in connection with any incurrence of, or any increase in, Permitted Subordinated Debt, (ii) in connection with the incurrence of Indebtedness described in Section 7.01(g) on or after the Effective Date, and (iii) once between each Scheduled Redeterminationin any calendar year for any other reason. Any request by Borrowers pursuant to this Section 3.04 shall be submitted to the Administrative Agent and each Lender and at the time of such request (or within fifteen (15) days thereafter in the case of the Reserve Report and the Midstream Report) Borrowers shall (1) deliver to the Administrative Agent and each Lender a Reserve Report and, in the event the Antero Midstream Sale Closing Date does not occur prior to the next Scheduled Redetermination to occur on or about October 15, 2010, Midstream Report prepared as of a date prior to the date of such request that is reasonably acceptable to the Administrative Agent and such other information which the Administrative Agent shall reasonably request, and (2) notify the Administrative Agent and each Lender of the Borrowing Base requested by Borrowers in connection with such Special Redetermination. Any request by Required Lenders pursuant to this Section 3.04 shall be submitted to the Administrative Agent and the Borrowers. Any Special Redetermination shall be made by the Administrative Agent and Lenders in accordance with the procedures and standards set forth in Section 3.03; provided that no Reserve Report or Midstream Report is required to be delivered to the Administrative Agent or the Lenders in connection with any Special Redetermination requested by the Required Lenders pursuant to this Section 3.04.

Special Redeterminations. In addition The Borrower shall be permitted to Scheduled Redeterminations and any adjustments made by the Required Lenders to the Borrowing Base pursuant to Section 7.03 and Section 7.05, (a) the Borrowers may request a Special Redetermination of the Borrowing Base once between each Scheduled Redetermination and (b) the Required Lenders may shall be permitted to request a Special Redetermination once twice between each Scheduled Redetermination. Any request by Borrowers Borrower pursuant to this Section 3.04 3.03 shall be submitted to the Administrative Agent and each Lender and at the time of such request (or within fifteen twenty (1520) days thereafter in the case of the Reserve Report) Borrowers Borrower shall (1) deliver to the Administrative Agent and each Lender a Reserve Report prepared as of a date prior to the date of such request that is reasonably acceptable to the Administrative Agent and such other information which the Administrative Agent shall reasonably request, and (2) notify the Administrative Agent and each Lender of the Borrowing Base requested by Borrowers Borrower in connection with such Special Redetermination. Any request by Required Lenders for a Special Redetermination pursuant to this Section 3.04 3.03 shall be submitted to the Administrative Agent and the BorrowersBorrower. In addition to the Scheduled Redeterminations and requested Special Redeterminations, there shall be a Redetermination of the Borrowing Base at such time as the Borrower or any Restricted Subsidiary sells, transfers, leases, exchanges, abandons or otherwise disposes of Borrowing Base Properties in accordance with clauses (vi) and (vii) of Section 7.03(a). Any Special Redetermination shall be made by the Administrative Agent and Lenders in accordance with the procedures and standards set forth in Section 3.033.02; provided that no Reserve Report is required to be delivered to the Administrative Agent or the Lenders in connection with any Special Redetermination requested by the Required Lenders pursuant to this Section 3.043.03.

Special Redeterminations. In addition The Borrower shall be permitted to Scheduled Redeterminations and any adjustments made by the Required Lenders to the Borrowing Base pursuant to Section 7.03 and Section 7.05, (a) the Borrowers may request a Special Redetermination of the Borrowing Base once between each Scheduled Redetermination and (b) the Required Lenders may shall be permitted to request a Special Redetermination once between each Scheduled Redetermination. Any request by Borrowers Borrower pursuant to this Section 3.04 3.03 shall be submitted to the Administrative Agent and each Lender and at the time of such request (or within fifteen twenty (1520) days thereafter in the case of the Reserve Report) Borrowers Borrower shall (1a) deliver to the Administrative Agent and each Lender a Reserve Report prepared as of a date prior to the date of such request that is reasonably acceptable to the Administrative Agent and such other information which the Administrative Agent shall reasonably request, and (2b) notify the Administrative Agent and each Lender of the Borrowing Base requested by Borrowers Borrower in connection with such Special Redetermination. Any request by Required Lenders for a Special Redetermination pursuant to this Section 3.04 3.03 shall be submitted to the Administrative Agent and the BorrowersBorrower. In addition to the Scheduled Redeterminations and requested Special Redeterminations, there shall be a determination by the Required Lenders of the reduction, if any, in the Borrowing Base required upon the consummation of any Disposition of Borrowing Base Properties in accordance with clause (vii) of Section 7.03(a). Any Special Redetermination shall be made by the Administrative Agent and Lenders in accordance with the procedures and standards set forth in Section 3.033.02; provided that no Reserve Report is required to be delivered to the Administrative Agent or the Lenders in connection with any Special Redetermination requested by the Required Lenders pursuant to this Section 3.04.3.03. Range Resources Credit Agreement — Page 52

Special Redeterminations. In addition to Scheduled Redeterminations and any adjustments made by Redeterminations, the Required Lenders Borrower shall be permitted to the Borrowing Base pursuant to Section 7.03 and Section 7.05, (a) the Borrowers may request a Special Redetermination of the Borrowing Base once between each Scheduled Redetermination and (b) the Required Lenders may shall be permitted to request a Special Redetermination once between each Scheduled Redetermination. Any request by Borrowers Borrower pursuant to this Section 3.04 3.03 shall be submitted to the Administrative Agent and each Lender and at the time of such request Borrower shall notify the Administrative Agent and each Lender of the Borrowing Base requested by Borrower in connection with such Special Redetermination and within twenty (or within fifteen (1520) days thereafter in the case of the Reserve Report) Borrowers shall (1) deliver to the Administrative Agent and each Lender a Reserve Report prepared as of a date prior to the date of such request that is reasonably acceptable to the Administrative Agent and such other information which the Administrative Agent shall reasonably request, and (2) notify the Administrative Agent and each Lender of the Borrowing Base requested by Borrowers in connection with such Special Redetermination. Any request by Required Lenders pursuant to this Section 3.04 3.03 shall be submitted to the Administrative Agent and the BorrowersBorrower. Any Special Redetermination shall be made by the Administrative Agent and Lenders in accordance with the procedures and standards set forth in Section 3.033.02; provided that no Reserve Report is required to be delivered to the Administrative Agent or the Lenders in connection with any Special Redetermination requested by the Required Lenders pursuant to this Section 3.043.03.