Common use of Borrowing Base Increase Clause in Contracts

Borrowing Base Increase. For the period from and including the Second Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $75,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e), Section 8.13(c) or Section 9.12(d). For this avoidance of doubt, this Borrowing Base increase shall constitute the April 1, 2013 Scheduled Redetermination.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (New Source Energy Partners L.P.)

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Borrowing Base Increase. For the period from and including the Second Third Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $75,000,00087,500,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e), Section 8.13(c) or Section 9.12(d). For this avoidance of doubt, this Borrowing Base increase shall constitute the April October 1, 2013 Scheduled Redetermination.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (New Source Energy Partners L.P.)

Borrowing Base Increase. For the period from and including the Second Fifth Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $75,000,000950,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to the extent required by Section 2.07(e), Section 2.07(f), Section 8.13(c), Section 9.12(d) or Section 9.12(d9.12(e). For this avoidance of doubt, this Borrowing Base increase shall constitute an Interim Redetermination elected by the April 1, 2013 Scheduled RedeterminationBorrower.

Appears in 2 contracts

Samples: Credit Agreement (Legacy Reserves Lp), Credit Agreement (Legacy Reserves Inc.)

Borrowing Base Increase. For the period from and including the Second First Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $75,000,00060,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e), Section 8.13(c) or Section 9.12(d). For this avoidance of doubt, this Borrowing Base increase shall constitute the April 1, 2013 Scheduled Redetermination.

Appears in 2 contracts

Samples: Credit Agreement (New Source Energy Partners L.P.), Credit Agreement

Borrowing Base Increase. For the period from and including the Second Fifth Amendment Effective Date (as defined below) to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $75,000,000102,500,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e), Section 8.13(c) or Section 9.12(d). For this avoidance of doubt, this Borrowing Base increase shall constitute the April 1, 2013 2014 Scheduled Redetermination.

Appears in 2 contracts

Samples: Credit Agreement (New Source Energy Partners L.P.), Credit Agreement

Borrowing Base Increase. For the period from and including the Second Ninth Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $75,000,000575,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section Sections 2.07(e), Section 8.13(c2.07(f), 8.12(c) or Section 9.12(d). For this the avoidance of any doubt, this Borrowing Base increase shall constitute the April October 1, 2013 2015 Scheduled Redetermination.

Appears in 1 contract

Samples: Credit Agreement (Parsley Energy, Inc.)

Borrowing Base Increase. For the period from and including the Second Fifth Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $75,000,000400,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section Sections 2.07(e), Section 2.07(f), 8.13(c) or Section 9.12(d)9.12. For this avoidance of doubt, this This Borrowing Base increase shall constitute the April October 1, 2013 2014 Scheduled Redetermination.

Appears in 1 contract

Samples: Credit Agreement (Rex Energy Corp)

Borrowing Base Increase. For the period from and including the Second Seventh Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $75,000,0002,700,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e), Section 8.13(c) or 2.07(f), Section 9.12(d2.07(g), and Section 8.12(c). For this the avoidance of doubt, this Borrowing Base increase shall constitute the April 115, 2013 2019 Scheduled Redetermination.

Appears in 1 contract

Samples: Credit Agreement (Parsley Energy, Inc.)

Borrowing Base Increase. For the period from and including the Second First Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $75,000,000800,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Sections 2.07(e), Section 2.07(e2.07(f), Section 8.13(c) or Section 9.12(d). For this avoidance of doubt, this Borrowing Base increase shall constitute the April 1, 2013 Scheduled Redetermination.

Appears in 1 contract

Samples: Credit Agreement (EV Energy Partners, LP)

Borrowing Base Increase. For the period from and including the Second Ninth Amendment Effective Date (as defined below) to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $75,000,000265,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section Sections 2.07(e), Section 2.07(f), 8.13(c) or Section 9.12(d). For this avoidance ) of doubt, this Borrowing Base increase shall constitute the April 1, 2013 Scheduled RedeterminationCredit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Rex Energy Corp)

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Borrowing Base Increase. For the period from and including the Second Tenth Amendment Effective Date (as defined below) to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $75,000,000290,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section Sections 2.07(e), Section 2.07(f), 8.13(c) or Section 9.12(d). For this avoidance ) of doubt, this Borrowing Base increase shall constitute the April 1, 2013 Scheduled RedeterminationCredit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Rex Energy Corp)

Borrowing Base Increase. For the period from and including the Second Amendment Effective Date (as defined below) to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $75,000,000375,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section Sections 2.07(e), Section 2.07(f), 8.13(c) or Section 9.12(d)9.12 of the Credit Agreement. For this avoidance of doubt, this This Borrowing Base increase shall constitute the April 1, 2013 2014 Scheduled Redetermination.

Appears in 1 contract

Samples: Credit Agreement (Rex Energy Corp)

Borrowing Base Increase. For the period from and including the Second Seventh Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $75,000,000575,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section Sections 2.07(e), Section 8.13(c2.07(f), 8.12(c) or Section 9.12(d). For this the avoidance of any doubt, this Borrowing Base increase shall constitute the April October 1, 2013 2014 Scheduled Redetermination.

Appears in 1 contract

Samples: Credit Agreement (Parsley Energy, Inc.)

Borrowing Base Increase. For the period from and including the Second Eighth Amendment Effective Date (as defined below) to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $75,000,000255,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section Sections 2.07(e), Section 2.07(f), 8.13(c) or Section 9.12(d). For this avoidance ) of doubt, this Borrowing Base increase shall constitute the April 1, 2013 Scheduled RedeterminationCredit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Rex Energy Corp)

Borrowing Base Increase. For the period from and including the Second First Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $75,000,000365,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section Sections 2.07(e), Section 8.13(c2.07(f), 8.12(c) or Section 9.12(d). For this avoidance of doubt, this Borrowing Base increase shall constitute the April 1, 2013 Scheduled Redetermination.

Appears in 1 contract

Samples: Credit Agreement (Parsley Energy, Inc.)

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