Common use of Borrowing Base Increase Clause in Contracts

Borrowing Base Increase. Subject to the terms of this Agreement, the Lenders and the Borrower hereby agree that, as of the Effective Date, the Borrowing Base shall be $185,000,000. Such Borrowing Base shall remain in effect until the next redetermination made pursuant to Section 2.02 of the Credit Agreement, as amended hereby.

Borrowing Base Increase. Subject to the terms of this Agreement, the Lenders and the Borrower parties hereto hereby agree that, as of the Effective Date, the Borrowing Base shall be is hereby increased from $185,000,000. Such 540,000,000 to $825,000,000, and the Borrowing Base shall remain in effect at such amount until the next redetermination made pursuant to Section 2.02 of Borrowing Base is redetermined or adjusted in accordance with the Credit Agreement, as amended hereby. The redetermination of the Borrowing Base pursuant to this Section 4 shall constitute the Quarterly Redetermination to occur on or about July 1, 2018, as provided in Section 2.2(c)(iii) of the Credit Agreement.

Borrowing Base Increase. Subject to the terms of this AgreementAmendment, the Lenders and the Borrower parties hereto hereby agree that, as of the Effective Date, the Borrowing Base shall be is hereby increased from $185,000,000. Such 700,000,000.00 to $825,000,000.00, and the Borrowing Base shall remain in effect at such amount until the next redetermination made pursuant to Section 2.02 of Borrowing Base is redetermined or adjusted in accordance with the Credit Agreement, as amended hereby. The redetermination of the Borrowing Base pursuant to this Section 4 shall constitute the semi-annual Scheduled Redetermination to occur on or about May 1, 2018, as set forth in Section 2.06(b) of the Credit Agreement.

Borrowing Base Increase. Subject to the terms of this AgreementAmendment, the Lenders and the Borrower parties hereto hereby agree that, as of the Effective Date, the Borrowing Base shall be is hereby increased from $185,000,000. Such 825,000,000.00 to $1,100,000,000.00, and the Borrowing Base shall remain in effect at such amount until the next redetermination made pursuant to Section 2.02 of Borrowing Base is redetermined or adjusted in accordance with the Credit Agreement, as amended hereby. The redetermination of the Borrowing Base pursuant to this Section 4 shall constitute the semi-annual Scheduled Redetermination to occur on or about November 1, 2018, as set forth in Section 2.06(b) of the Credit Agreement.