Common use of Terms of Revolving Commitment Clause in Contracts

Terms of Revolving Commitment. On the terms and conditions hereinafter set forth, each Bank agrees severally to make Advances to Borrower from time to time during the period beginning on the Effective Date and ending on the Maturity Date in such amounts as Borrower may request up to an amount not to exceed, in the aggregate principal amount outstanding at any time, the Revolving Commitment. Provided, however, that notwithstanding anything to the contrary contained herein, but subject to the right of Borrower under Section 9(b) hereof, the Total Outstandings, as of any date, shall never exceed the lesser of (i) $100,000,000.00, or (ii) the Borrowing Base. The obligation of each Bank to make Advances under the Revolving Commitment shall be limited to such Bank's Commitment Percentage of such Advance. Notwithstanding any other provision of this Agreement, no Advance shall be required to be made hereunder if any Event of Default (as hereinafter defined) has occurred and is continuing or if any event or condition has occurred that may, with notice, be an Event of Default. Borrower shall have the option pursuant to Section 4 hereof to determine whether Advances hereunder shall be made as Prime Rate Loans or Eurodollar Loans; provided, however, that Borrower shall not have the option to elect a Eurodollar Loan at any time when less than $5,000,000 in Prime Rate Loans are outstanding. Each Advance made as a Prime Rate Loan shall be an aggregate amount of at least $100,000 or a whole number multiple thereof. Each Advance made as a Eurodollar Loan shall be in an aggregate amount of at least $250,000, or in integral multiples thereof. No more than two (2) Eurodollar tranches may be outstanding at any time.

Terms of Revolving Commitment. On Subject to the terms and conditions hereinafter set forthhereof, and the terms and conditions of the Loan Documents as hereafter defined, each Bank agrees severally to make Advances to Borrower the Borrowers from time to time during the period beginning on the Effective Date and ending on the Revolving Maturity Date in such amounts as Borrower the Borrowers may request up to an amount not to exceed, in the aggregate principal amount outstanding at any time, the Revolving Commitment. Provided, however, that notwithstanding anything to the contrary contained herein, but subject to the right of Borrower under Section 9(b) hereof, the Total Outstandings, as of any date, shall never exceed the lesser of (i) $100,000,000.00, or (ii) the Borrowing Base. The obligation of each Bank to make Advances under the Borrowers hereunder shall be evidenced by this Agreement and the Revolving Commitment shall Notes issued in connection herewith, said Revolving Notes to be limited to such Bank's Commitment Percentage of such Advanceas described in Section 3.2 hereof. Notwithstanding any other provision of this Agreement, no Advance shall be required to be made hereunder if any Event of Default (as hereinafter defined) has occurred and is continuing or if any event or condition has occurred that may, or failed to occur which with the passage of time or service of notice, be or both, would constitute an Event of Default. Borrower shall have the option pursuant to Section 4 hereof to determine whether Advances hereunder shall be made as Prime Rate Loans or Eurodollar Loans; provided, however, that Borrower shall not have the option to elect a Eurodollar Loan at any time when less than $5,000,000 in Prime Rate Loans are outstanding. Each Advance made as a Prime Rate Loan under the Revolving Commitment shall be an aggregate amount of at least $100,000 or a whole number multiple thereofthereof except an Advance of the entire remaining unborrowed Revolving Commitment. Each Advance made as a Eurodollar Loan shall be in an aggregate Irrespective of the face amount of at least $250,000the Revolving Note or Notes, the Banks shall never have the obligation to Advance any amount or amounts in integral multiples thereofexcess of the Available Commitment or to increase the Revolving Commitment. No more than two (2) Eurodollar tranches The total number of Tranches under the Revolving Commitment which may be outstanding at any timetime hereunder shall never exceed five (5), whether such Tranches are Prime Rate Loans, LIBOR Loans, or a combination thereof. Within the limit of each Bank's Revolving Commitment, the Borrowers may borrow, repay and reborrow under this Section 2 prior to the Revolving Maturity Date.

Terms of Revolving Commitment. On the terms and conditions hereinafter set forth, each Bank agrees severally to make its Pro Rata Part of Advances to Borrower and issue Letters of Credit for the benefit of Borrower from time to time during the period beginning on the Effective Date and ending on the Maturity Date in such amounts as Borrower may request up to an amount not to exceed, in the aggregate principal amount outstanding at any time, the Revolving Commitment. Provided, however, that notwithstanding anything to the contrary contained herein, but subject to the right of Borrower under Section 9(b) hereof, the Total Outstandings, as of any date, shall never exceed the lesser of (i) $100,000,000.00, or (ii) the Borrowing Base. The obligation of each Bank to make Advances under the Revolving Commitment Borrower hereunder shall be limited evidenced by this Agreement and the Note or Notes issued in connection herewith, said Note or Notes to such Bank's Commitment Percentage of such Advancebe as described in Section 3 hereof. Notwithstanding any other provision of this Agreement, no Advance shall be required to be made hereunder if any Event of Default (as hereinafter defined) has occurred and is continuing or if any event or condition has occurred that may, or failed to occur which with the passage of time or service of notice, be or both, would constitute an Event of Default. Borrower shall have the option pursuant to Section 4 hereof to determine whether Advances hereunder shall be made as Prime Rate Loans or Eurodollar Loans; provided, however, that Borrower shall not have the option to elect a Eurodollar Loan at any time when less than $5,000,000 in Prime Rate Loans are outstanding. Each Advance made as a Prime Rate Loan under the Revolving Commitment shall be an aggregate amount of at least $500,000 or whole multiples of $100,000 or a whole number multiple in excess thereof. Each Advance made as a Eurodollar Loan shall be in an aggregate Irrespective of the face amount of at least $250,000the Note or Notes, the Banks shall never have the obligation to Advance any amount or amounts in integral multiples thereofexcess of the Revolving Commitment or to increase the Revolving Commitment. No more than two (2) Eurodollar tranches The total number of Tranches under the Revolving Commitment which may be outstanding at any timetime hereunder shall never exceed four (4), whether such Tranches are Base Rate Loans, Eurodollar Loans, or a combination thereof.

Terms of Revolving Commitment. On the terms and conditions ----------------------------- hereinafter set forth, each Bank agrees severally to make Advances to Borrower the Borrowers from time to time during the period beginning on the Effective Date and ending on the Maturity Date in such amounts as Borrower the Borrowers may request up to an amount not to exceed, in the aggregate principal amount outstanding at any time, the Revolving Commitment. Provided, however, that notwithstanding anything to the contrary contained herein, but subject to the right of Borrower under Section 9(b) hereof, the Total Outstandings, as of any date, shall never exceed the lesser of (i) $100,000,000.00, or (ii) the Borrowing Base. The obligation of each Bank to make Advances under the Revolving Commitment Borrowers hereunder shall be limited evidenced by this Agreement and the Note issued in connection herewith, said Note to such Bank's Commitment Percentage of such Advancebe as described in Section 3 hereof. Notwithstanding any other provision of this Agreement, no Advance shall be required to be made hereunder if any Event of Default (as hereinafter defined) has occurred and is continuing or if any event or condition has occurred that may, or failed to occur which with the passage of time or service of notice, be or both, would constitute an Event of Default. Borrower shall have the option pursuant to Section 4 hereof to determine whether Advances hereunder shall be made as Prime Rate Loans or Eurodollar Loans; provided, however, that Borrower shall not have the option to elect a Eurodollar Loan at any time when less than $5,000,000 in Prime Rate Loans are outstanding. Each Advance made as a Prime Rate Loan under the Revolving Commitment shall be an aggregate amount of at least $100,000 or a whole number multiple thereof. Each Advance made as a Eurodollar Loan shall be in an aggregate Irrespective of the face amount of at least $250,000the Revolving Note or Notes, the Banks shall never have the obligation to Advance any amount or amounts in integral multiples thereofexcess of the Revolving Commitment or to increase the Revolving Commitment. No more than two The total number of Tranches under the Revolving Commitment (2exclusive of Tranches under the Special Advance Facility or the Special Drilling Facility) Eurodollar tranches which may be outstanding at any timetime hereunder shall never exceed three (3), whether such Tranches are Base Rate Loans, Eurodollar Loans, or a combination thereof.

Terms of Revolving Commitment. On the terms and conditions hereinafter set forth, each Bank agrees severally to make Advances to Borrower from time to time during the period beginning on the Effective Date and ending on the Maturity Date in such amounts as Borrower may request up to an amount not to exceed, in the aggregate principal amount outstanding at any time, the Revolving Commitment. Provided, however, that notwithstanding anything to the contrary contained herein, but subject to the right of Borrower under Section 9(b) hereof, the Total Outstandings, as of any date, shall never exceed the lesser of (i) $100,000,000.00200,000,000.00, or (ii) the Borrowing Base. The obligation of each Bank to make Advances under the Revolving Commitment shall be limited to such Bank's ’s Commitment Percentage of such Advance. Notwithstanding any other provision of this Agreement, no Advance shall be required to be made hereunder if any Event of Default (as hereinafter defined) has occurred and is continuing or if any event or condition has occurred that may, with notice, be an Event of Default. Borrower shall have the option pursuant to Section 4 hereof to determine whether Advances hereunder shall be made as Prime Base Rate Loans or Eurodollar Loans; provided, however, that Borrower shall not have the option to elect a Eurodollar Loan at any time when less than $5,000,000 in Prime Rate Loans are outstanding. Each Advance made as a Prime Rate Loan shall be an aggregate amount of at least $100,000 or a whole number multiple thereof. Each Advance made as a Eurodollar Loan shall be in an aggregate amount of at least $250,000, or in integral multiples thereof. No more than two (2) Eurodollar tranches may be outstanding at any time.

Terms of Revolving Commitment. On the terms and conditions hereinafter set forth, each Bank agrees severally to make Advances to Borrower from time to time during the period beginning on the Effective Date and ending on the Maturity Date in such amounts as Borrower may request up to an amount not to exceed, in the aggregate principal amount outstanding at any time, the Revolving Commitment. Provided, however, that notwithstanding anything to the contrary contained herein, but subject to the right of Borrower under Section 9(b) hereof, the Total Outstandings, as of any date, shall never exceed the lesser of (i) $100,000,000.00, or (ii) the Borrowing Base. The obligation of each Bank to make Advances under the Revolving Commitment shall be limited to such Bank's Commitment Percentage of such Advance. Notwithstanding any other provision of this Agreement, no Advance shall be required to be made hereunder if any Event of Default (as hereinafter defined) has occurred and is continuing or if any event or condition has occurred that may, with notice, be an Event of Default. Borrower shall have the option pursuant to Section 4 hereof to determine whether Advances hereunder shall be made as Prime Base Rate Loans or Eurodollar Loans; provided, however, that Borrower shall not have the option to elect a Eurodollar Loan at any time when less than $5,000,000 in Prime Rate Loans are outstanding. Each Advance made as a Prime Rate Loan shall be an aggregate amount of at least $100,000 or a whole number multiple thereof. Each Advance made as a Eurodollar Loan shall be in an aggregate amount of at least $250,000, or in integral multiples thereof. No more than two (2) Eurodollar tranches may be outstanding at any time.