Common use of Unscheduled Redetermination Clause in Contracts

Unscheduled Redetermination. In the event of an unscheduled redetermination, Borrower shall furnish to Agent and the Lenders a Reserve Report prepared by or under the supervision of the chief engineer of Borrower who shall certify such Reserve Report to be true and accurate and to have been prepared in accordance with the procedures used in the immediately preceding Reserve Report. For any unscheduled redetermination requested by the Required Lenders, Agent or Borrower pursuant to Section 2.08(e)), Borrower shall provide as soon as possible, but in any event no later than 30 days following the receipt of the request by Agent, such Reserve Report with an “as of” date not more than 60 days prior to the anticipated date of redetermination or as otherwise required by the Required Lenders or Agent.

Appears in 2 contracts

Samples: Credit Agreement (Earthstone Energy Inc), Credit Agreement (Earthstone Energy Inc)

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Unscheduled Redetermination. In the event of an unscheduled redetermination, Borrower shall furnish to Agent and the Lenders a Reserve Report prepared by or under the supervision of the chief engineer of Borrower who shall certify such Reserve Report to be true and accurate and to have been prepared in accordance with the procedures used in the immediately preceding Reserve Report. For any unscheduled redetermination Unscheduled Redetermination requested by Agent (or Agent at the Required direction of the Supermajority Lenders, Agent ) or Borrower pursuant to Section 2.08(e)), Borrower shall provide as soon as possible, but in any event no later than 30 thirty (30) days following the receipt of the request by Agent, such Reserve Report with an “as of” date not more than 60 sixty (60) days prior to the anticipated date of redetermination or as otherwise required by the Required Supermajority Lenders or Agent.. ​

Appears in 1 contract

Samples: Credit Agreement (Epsilon Energy Ltd.)

Unscheduled Redetermination. In the event of an unscheduled redetermination, Borrower shall furnish to Agent and the Lenders a Reserve Report prepared by or under the supervision of the chief engineer of Borrower who shall certify such Reserve Report to be true and accurate and to have been prepared in accordance with the procedures used in the immediately preceding Reserve Report. For any unscheduled redetermination requested by the Required Majority Lenders, Agent or Borrower pursuant to Section 2.08(e)), Borrower shall provide as soon as possible, but in any event no later than 30 days following the receipt of the request by Agent, such Reserve Report with an “as of” date not more than 60 days prior to the anticipated date of redetermination or as otherwise required by the Required Majority Lenders or Agent.

Appears in 1 contract

Samples: Credit Agreement (Earthstone Energy Inc)

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Unscheduled Redetermination. In the event of an unscheduled redetermination, Borrower shall furnish to Administrative Agent and the Lenders a Reserve Report prepared by or under the supervision of the chief engineer of Borrower who shall certify such Reserve Report to be true and accurate and to have been prepared in accordance with the procedures used in the immediately preceding Reserve Report. For any unscheduled redetermination requested by the Required Lenders, Majority Lenders or Administrative Agent or Borrower pursuant to Section 2.08(e)), Borrower shall provide as soon as possible, but in any event no later than 30 days following the receipt of the request by Administrative Agent, such Reserve Report with an "as of" date not more than 60 days prior to the anticipated date of redetermination or as otherwise required by the Required Majority Lenders or Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Isramco Inc)

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