Common use of Average Borrowing Base Capacity determination Clause in Contracts

Average Borrowing Base Capacity determination. As of the Effective Date, is the Average Borrowing Base Capacity as calculated for the 30 day period then ended (as detailed on an attached schedule) equal to or less than $50,000,000. Yes_______ No _______ If yes, Borrower must be in compliance with the Minimum Quarterly Debt Coverage Ratio below.

Average Borrowing Base Capacity determination. As of the Effective Date, is the Average Borrowing Base Capacity as calculated for the 30 day period then ended (as detailed on an attached schedule) equal to or less than (i) $50,000,00025,000,000 as of any fiscal quarter ended during the period from and including February 1 to and including August 31 or (ii) $40,000,000 as of any fiscal quarter ended during the period from and including September 1 to and including January 31. Yes_______ Yes No _______ If yes, Borrower must be in compliance with the Minimum Quarterly Debt Coverage Ratio below.

Average Borrowing Base Capacity determination. As of the Effective Date, is the Average Borrowing Base Capacity as calculated for the 30 day period then ended (as detailed on an attached schedule) equal to or less than (i) $50,000,00025,000,000 as of any fiscal quarter ended during the period from and including June 1 to and including November 30 or (ii) $40,000,000 as of any fiscal quarter ended during the period from and including December 1 to and including May 31. Yes_______ No _______ If yes, Borrower must be in compliance with the Minimum Quarterly Debt Coverage Ratio below.

Average Borrowing Base Capacity determination. As of the Effective Date, is the Average Borrowing Base Capacity as calculated for the 30 day period then ended (as detailed on an attached schedule) equal to or less than $50,000,000. Yes_______ Yes No _______ If yes, Borrower must be in compliance with the Minimum Quarterly Debt Coverage Ratio below.