Common use of Borrowing Base Increase Fee Clause in Contracts

Borrowing Base Increase Fee. The Borrower’s having paid to the Administrative Agent for the account of each Lender an increase upfront fee in an amount equal to 0.40% of the positive amount, if any, equal to (i) such Lender’s share of the Borrowing Base that will be effective upon the effectiveness of this Agreement, minus (ii) such Lender’s share of the Borrowing Base in effect under the Credit Agreement immediately prior to the effectiveness of this Agreement.

Borrowing Base Increase Fee. The Borrower’s having paid to the Administrative Agent for the account of each Lender an increase upfront fee in an amount equal to 0.400.30% of the positive amount, if any, equal to (i) such Lender’s share of the Borrowing Base that will be effective upon the effectiveness of this Agreement, minus (ii) such Lender’s share of the Borrowing Base in effect under the Credit Agreement immediately prior to the effectiveness of this Agreement.

Borrowing Base Increase Fee. The Borrower’s having paid to the Administrative Agent shall have received, for the account benefit of each Lender an the Lenders, a Borrowing Base increase upfront fee in an amount equal to 0.40% thirty seven and a half (37.5) basis points (0.375%) of the positive amount, if any, equal to (i) such Lender’s share of amount that the Borrowing Base that will be effective upon the effectiveness of this Agreement, minus (ii) such Lender’s share of established pursuant to Section 3 hereof exceeds the Borrowing Base in effect under the Credit Agreement immediately prior to giving effect to such increase in the effectiveness of this AgreementBorrowing Base.