{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "period-from", "type": "definition", "offset": [8, 19]}, {"key": "third-amendment-effective-date", "type": "definition", "offset": [38, 68]}, {"key": "but-excluding", "type": "clause", "offset": [72, 85]}, {"key": "redetermination-date", "type": "clause", "offset": [95, 115]}, {"key": "amount-of-the-borrowing", "type": "clause", "offset": [121, 144]}, {"key": "equal-to", "type": "definition", "offset": [159, 167]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [181, 210]}, {"key": "subject-to", "type": "definition", "offset": [238, 248]}, {"key": "further-adjustments", "type": "clause", "offset": [249, 268]}, {"key": "from-time-to-time", "type": "clause", "offset": [269, 286]}, {"key": "pursuant-to-section", "type": "definition", "offset": [287, 306]}, {"key": "avoidance-of-doubt", "type": "clause", "offset": [361, 379]}, {"key": "october-1", "type": "definition", "offset": [431, 440]}, {"key": "scheduled-redetermination", "type": "clause", "offset": [447, 472]}], "size": 20, "snippet": "For the period from and including the Third Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $87,500,000. 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 October 1, 2013 Scheduled Redetermination.", "samples": [{"hash": "ij0YunAmpEI", "uri": "/contracts/ij0YunAmpEI#borrowing-base-increase", "label": "Credit Agreement", "score": 26.5961670089, "published": true}, {"hash": "1pHdJublBMU", "uri": "/contracts/1pHdJublBMU#borrowing-base-increase", "label": "Credit Agreement (New Source Energy Partners L.P.)", "score": 24.8412046543, "published": true}], "hash": "85873599676a90f4635080989b11b239", "id": 1}, {"snippet_links": [{"key": "effective-as-of-the-effective-date", "type": "clause", "offset": [0, 34]}, {"key": "the-borrowing", "type": "clause", "offset": [36, 49]}, {"key": "borrowing-base-amount", "type": "definition", "offset": [137, 158]}, {"key": "in-effect", "type": "definition", "offset": [172, 181]}, {"key": "in-accordance-with", "type": "definition", "offset": [248, 266]}, {"key": "the-credit-agreement", "type": "clause", "offset": [267, 287]}], "size": 9, "snippet": "Effective as of the Effective Date, the Borrowing Base is hereby increased from $155,000,000.00 to $250,000,000. Once effective, the new Borrowing Base amount shall remain in effect at that level until the Borrowing Base is redetermined or reduced in accordance with the Credit Agreement.", "samples": [{"hash": "2EIDML6q9Am", "uri": "/contracts/2EIDML6q9Am#borrowing-base-increase", "label": "Credit Agreement", "score": 26.1704312115, "published": true}, {"hash": "69YPyBJqetr", "uri": "/contracts/69YPyBJqetr#borrowing-base-increase", "label": "Credit Agreement (Callon Petroleum Co)", "score": 25.7830253251, "published": true}], "hash": "e9bc8c8607472fad1d34af0cbd022fac", "id": 2}, {"snippet_links": [{"key": "terms-of-this-agreement", "type": "clause", "offset": [15, 38]}, {"key": "the-lenders", "type": "clause", "offset": [40, 51]}, {"key": "the-borrower-hereby", "type": "clause", "offset": [56, 75]}, {"key": "as-of-the-effective-date", "type": "clause", "offset": [88, 112]}, {"key": "borrowing-base", "type": "definition", "offset": [118, 132]}, {"key": "in-effect", "type": "definition", "offset": [189, 198]}, {"key": "pursuant-to-section", "type": "definition", "offset": [235, 254]}, {"key": "the-credit-agreement", "type": "clause", "offset": [263, 283]}, {"key": "as-amended", "type": "definition", "offset": [285, 295]}], "size": 3, "snippet": "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.", "samples": [{"hash": "hk2Wd1noTuu", "uri": "/contracts/hk2Wd1noTuu#borrowing-base-increase", "label": "Amendment No. 6, Waiver and Agreement (Mariner Energy Resources, Inc.)", "score": 19.0, "published": true}, {"hash": "cTjGyB3cfdI", "uri": "/contracts/cTjGyB3cfdI#borrowing-base-increase", "label": "Credit Agreement (Mariner Energy Inc)", "score": 19.0, "published": true}, {"hash": "236czR4W7GP", "uri": "/contracts/236czR4W7GP#borrowing-base-increase", "label": "Credit Agreement (Mariner Energy Inc)", "score": 19.0, "published": true}], "hash": "3e33c30c19f5ff67b3408321cbfa03ab", "id": 3}, {"snippet_links": [{"key": "terms-of", "type": "definition", "offset": [15, 23]}, {"key": "this-amendment", "type": "clause", "offset": [24, 38]}, {"key": "the-parties-hereto", "type": "clause", "offset": [40, 58]}, {"key": "as-of-the-effective-date", "type": "clause", "offset": [78, 102]}, {"key": "in-effect", "type": "definition", "offset": [220, 229]}, {"key": "in-accordance-with", "type": "definition", "offset": [298, 316]}, {"key": "the-credit-agreement", "type": "clause", "offset": [317, 337]}, {"key": "as-amended", "type": "definition", "offset": [339, 349]}, {"key": "redetermination-of-the-borrowing-base", "type": "clause", "offset": [362, 399]}, {"key": "pursuant-to", "type": "definition", "offset": [400, 411]}, {"key": "section-4", "type": "definition", "offset": [417, 426]}, {"key": "scheduled-redetermination", "type": "clause", "offset": [460, 485]}], "size": 3, "snippet": "Subject to the terms of this Amendment, the parties hereto hereby agree that, as of the Effective Date, the Borrowing Base is hereby increased from $700,000,000.00 to $825,000,000.00, and the Borrowing Base shall remain in effect at such amount until the 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.", "samples": [{"hash": "8esFvWtKCZq", "uri": "/contracts/8esFvWtKCZq#borrowing-base-increase", "label": "Master Assignment, Borrowing Base Increase Agreement, and Amendment No. 1 to Sixth Amended and Restated Credit Agreement (Callon Petroleum Co)", "score": 29.2600958248, "published": true}], "hash": "2fae95f21abb9e2241d2ae5b64b57c9c", "id": 4}, {"snippet_links": [{"key": "effective-as-of-the-effective-date", "type": "clause", "offset": [0, 34]}, {"key": "borrowing-base-amount", "type": "definition", "offset": [116, 137]}, {"key": "in-effect", "type": "definition", "offset": [151, 160]}, {"key": "in-accordance-with", "type": "definition", "offset": [228, 246]}, {"key": "the-credit-agreement", "type": "clause", "offset": [247, 267]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [269, 295]}, {"key": "increase-in-the-borrowing-base", "type": "clause", "offset": [305, 335]}, {"key": "section-5", "type": "clause", "offset": [353, 362]}, {"key": "scheduled-redetermination", "type": "clause", "offset": [368, 393]}, {"key": "section-22", "type": "clause", "offset": [406, 417]}, {"key": "the-borrower", "type": "definition", "offset": [505, 517]}, {"key": "the-administrative-agent-and-the-lenders", "type": "clause", "offset": [531, 571]}], "size": 2, "snippet": "Effective as of the Effective Date, the Borrowing Base is hereby increased to $160,000,000. Once effective, the new Borrowing Base amount shall remain in effect at that level until the Borrowing Base is redetermined or adjusted in accordance with the Credit Agreement. For the avoidance of doubt, (a) the increase in the Borrowing Base pursuant to this Section 5 is a Scheduled Redetermination pursuant to Section 2.2 of the Credit Agreement and (b) pursuant to Section 2.2(c)(i) of the Credit Agreement, the Borrower has notified the Administrative Agent and the Lenders that the next Scheduled Redetermination shall be on or about January 1, 2017.", "samples": [{"hash": "5y23U9HOB8H", "uri": "/contracts/5y23U9HOB8H#borrowing-base-increase", "label": "Amendment No. 3 and Agreement (Jagged Peak Energy Inc.)", "score": 25.9650924025, "published": true}, {"hash": "5qXxzti08Tu", "uri": "/contracts/5qXxzti08Tu#borrowing-base-increase", "label": "Amendment No. 3 and Agreement (Jagged Peak Energy Inc.)", "score": 25.7761806982, "published": true}], "hash": "162b3e98af8471c5f80d5db40b2d1cca", "id": 5}, {"snippet_links": [{"key": "reliance-on", "type": "clause", "offset": [3, 14]}, {"key": "covenants-and-agreements", "type": "clause", "offset": [48, 72]}, {"key": "contained-in", "type": "definition", "offset": [73, 85]}, {"key": "subject-to-the", "type": "definition", "offset": [112, 126]}, {"key": "satisfaction-of-the-conditions-precedent", "type": "clause", "offset": [127, 167]}, {"key": "in-section-4", "type": "clause", "offset": [178, 190]}, {"key": "effective-as-of-the", "type": "clause", "offset": [238, 257]}, {"key": "third-amendment-effective-date", "type": "definition", "offset": [258, 288]}, {"key": "scheduled-redetermination", "type": "clause", "offset": [358, 383]}, {"key": "interim-redetermination", "type": "definition", "offset": [385, 408]}, {"key": "redetermination-of-the-borrowing-base", "type": "clause", "offset": [418, 455]}, {"key": "credit-agreement-as-amended", "type": "clause", "offset": [507, 534]}, {"key": "the-loan-parties", "type": "definition", "offset": [543, 559]}, {"key": "the-administrative-agent-and-the-lenders", "type": "clause", "offset": [561, 601]}, {"key": "section-3", "type": "clause", "offset": [676, 685]}], "size": 2, "snippet": "In reliance on the representations, warranties, covenants and agreements contained in this Third Amendment, and subject to the satisfaction of the conditions precedent set forth in Section 4 hereof, the Borrowing Base shall be increased, effective as of the Third Amendment Effective Date, to be $825,000,000, and shall remain at $825,000,000 until the next Scheduled Redetermination, Interim Redetermination or other redetermination of the Borrowing Base thereafter, whichever occurs first pursuant to the Credit Agreement as amended hereby. The Loan Parties, the Administrative Agent and the Lenders agree that the redetermination of the Borrowing Base provided for in this Section 3 shall be considered and deemed to be the Scheduled Redetermination scheduled for on or about May 1, 2014.", "samples": [{"hash": "aMRgXMZuH5m", "uri": "/contracts/aMRgXMZuH5m#borrowing-base-increase", "label": "Credit Agreement", "score": 26.3552361396, "published": true}, {"hash": "b1G0oAsGtFR", "uri": "/contracts/b1G0oAsGtFR#borrowing-base-increase", "label": "Credit Agreement (Atlas Resource Partners, L.P.)", "score": 25.4982888433, "published": true}], "hash": "9ebbe8f3e6e87ada4e6cac17a020cfb8", "id": 6}, {"snippet_links": [{"key": "terms-of-this-agreement", "type": "clause", "offset": [15, 38]}, {"key": "the-parties-hereto", "type": "clause", "offset": [40, 58]}, {"key": "as-of-the-effective-date", "type": "clause", "offset": [78, 102]}, {"key": "in-effect", "type": "definition", "offset": [214, 223]}, {"key": "in-accordance-with", "type": "definition", "offset": [292, 310]}, {"key": "the-credit-agreement", "type": "clause", "offset": [311, 331]}, {"key": "as-amended", "type": "definition", "offset": [333, 343]}, {"key": "pursuant-to", "type": "definition", "offset": [394, 405]}, {"key": "section-5", "type": "clause", "offset": [411, 420]}, {"key": "annual-redetermination", "type": "clause", "offset": [457, 479]}, {"key": "april-1", "type": "definition", "offset": [501, 508]}, {"key": "scheduled-redetermination-of-the-borrowing-base", "type": "clause", "offset": [640, 687]}, {"key": "quarterly-redetermination", "type": "definition", "offset": [699, 724]}], "size": 2, "snippet": "Subject to the terms of this Agreement, the parties hereto hereby agree that, as of the Effective Date, the Borrowing Base is hereby increased from $425,000,000 to $540,000,000, and the Borrowing Base shall remain in effect at such amount until the 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 5 shall constitute the scheduled Semi-Annual Redetermination to occur on or about April 1, 2018, as set forth in Section 2.2(b)(i) of the Credit Agreement, as amended hereby. The parties hereto hereby agree that the next Scheduled Redetermination of the Borrowing Base shall be a Quarterly Redetermination to occur on or about July 1, 2018, as provided in Section 2.2(c)(iii) of the Credit Agreement.", "samples": [{"hash": "2Tl1CLWgaIK", "uri": "/contracts/2Tl1CLWgaIK#borrowing-base-increase", "label": "Amendment No. 2, Limited Waiver, Master Assignment, and Agreement to Amended and Restated Credit Agreement (Jagged Peak Energy Inc.)", "score": 27.3531827515, "published": true}], "hash": "9b5607648819d6713bcb4e08d086da30", "id": 7}, {"snippet_links": [{"key": "reliance-on", "type": "clause", "offset": [3, 14]}, {"key": "covenants-and-agreements", "type": "clause", "offset": [48, 72]}, {"key": "contained-in", "type": "definition", "offset": [73, 85]}, {"key": "subject-to-the", "type": "definition", "offset": [113, 127]}, {"key": "satisfaction-of-the-conditions-precedent", "type": "clause", "offset": [128, 168]}, {"key": "section-5", "type": "clause", "offset": [182, 191]}, {"key": "the-loan-parties", "type": "definition", "offset": [204, 220]}, {"key": "the-administrative-agent", "type": "clause", "offset": [222, 246]}, {"key": "the-lenders", "type": "clause", "offset": [252, 263]}, {"key": "effective-as-of-the", "type": "clause", "offset": [358, 377]}, {"key": "eighth-amendment-effective-date", "type": "definition", "offset": [378, 409]}, {"key": "scheduled-redetermination", "type": "clause", "offset": [456, 481]}, {"key": "interim-redetermination", "type": "definition", "offset": [492, 515]}, {"key": "adjustment-to", "type": "clause", "offset": [525, 538]}, {"key": "redetermination-of-the-borrowing-base", "type": "clause", "offset": [598, 635]}, {"key": "section-3", "type": "clause", "offset": [657, 666]}, {"key": "october-1", "type": "definition", "offset": [760, 769]}, {"key": "for-purposes-of-section", "type": "clause", "offset": [776, 799]}, {"key": "the-credit-agreement", "type": "clause", "offset": [808, 828]}], "size": 2, "snippet": "In reliance on the representations, warranties, covenants and agreements contained in this Eighth Amendment, and subject to the satisfaction of the conditions precedent set forth in Section 5 hereof,\n(a) the Loan Parties, the Administrative Agent, and the Lenders hereby agree that the Borrowing Base shall be increased from $1,315,000,000 to $1,440,000,000 effective as of the Eighth Amendment Effective Date and shall remain at such level until the next Scheduled Redetermination, the next Interim Redetermination or other adjustment to the Borrowing Base thereafter, whichever occurs first. The redetermination of the Borrowing Base provided for in this Section 3 shall be considered and deemed to be the Scheduled Redetermination scheduled for on or about October 1, 2014 for purposes of Section 2.07 of the Credit Agreement.", "samples": [{"hash": "iKICJKyZxSk", "uri": "/contracts/iKICJKyZxSk#borrowing-base-increase", "label": "Credit Agreement", "score": 26.3552361396, "published": true}], "hash": "b5fa5129520e97ceb7482b5bc8ebf582", "id": 8}, {"snippet_links": [{"key": "reliance-on", "type": "clause", "offset": [3, 14]}, {"key": "covenants-and-agreements", "type": "clause", "offset": [19, 43]}, {"key": "contained-in", "type": "definition", "offset": [44, 56]}, {"key": "this-amendment", "type": "clause", "offset": [57, 71]}, {"key": "subject-to-the", "type": "definition", "offset": [77, 91]}, {"key": "satisfaction-of-the-conditions-precedent", "type": "clause", "offset": [92, 132]}, {"key": "in-section-4", "type": "clause", "offset": [143, 155]}, {"key": "the-administrative-agent-and-the-lenders", "type": "clause", "offset": [164, 204]}, {"key": "amendment-effective-date", "type": "definition", "offset": [306, 330]}, {"key": "scheduled-redetermination", "type": "clause", "offset": [444, 469]}, {"key": "interim-redetermination", "type": "definition", "offset": [471, 494]}, {"key": "adjustment-of-the", "type": "clause", "offset": [524, 541]}, {"key": "the-credit-agreement", "type": "clause", "offset": [617, 637]}, {"key": "the-borrower", "type": "definition", "offset": [639, 651]}, {"key": "redetermination-of-the-borrowing-base", "type": "clause", "offset": [716, 753]}, {"key": "section-3", "type": "clause", "offset": [775, 784]}, {"key": "for-purposes-of-section", "type": "clause", "offset": [863, 886]}, {"key": "new-borrowing-base-notice", "type": "definition", "offset": [949, 974]}, {"key": "in-accordance-with", "type": "definition", "offset": [975, 993]}, {"key": "the-effective-date", "type": "clause", "offset": [1167, 1185]}, {"key": "applicable-to", "type": "clause", "offset": [1210, 1223]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1242, 1261]}], "size": 2, "snippet": "In reliance on the covenants and agreements contained in this Amendment, and subject to the satisfaction of the conditions precedent set forth in Section 4 hereof, the Administrative Agent and the Lenders have redetermined the Borrowing Base and agree that the Borrowing Base shall be, effective as of the Amendment Effective Date, increased from $725,000,000 to $775,000,000, and the Borrowing Base shall remain at $775,000,000 until the next Scheduled Redetermination, Interim Redetermination, or other redetermination or adjustment of the Borrowing Base thereafter, whichever occurs first pursuant to the terms of the Credit Agreement. The Borrower, the Administrative Agent and the Lenders hereby agree that the redetermination of the Borrowing Base provided for in this Section 3 shall constitute the Scheduled Redetermination scheduled for November 1, 2019 for purposes of Section 2.07(b) of the Credit Agreement. This Section 3 constitutes a New Borrowing Base Notice in accordance with Section 2.07(d) of the Credit Agreement. The new Borrowing Base determined pursuant to this Section 3 shall be effective as of the Amendment Effective Date, notwithstanding the effective date that would otherwise be applicable to a redetermination pursuant to Section 2.07(d) of the Credit Agreement.", "samples": [{"hash": "53uMhYsSS2", "uri": "/contracts/53uMhYsSS2#borrowing-base-increase", "label": "Senior Secured Revolving Credit Agreement (Viper Energy Partners LP)", "score": 28.9247091034, "published": true}], "hash": "05b5d93074a519ed23276e4903cab1fb", "id": 9}, {"snippet_links": [{"key": "period-from", "type": "definition", "offset": [8, 19]}, {"key": "fifth-amendment-effective-date", "type": "clause", "offset": [38, 68]}, {"key": "but-excluding", "type": "clause", "offset": [91, 104]}, {"key": "redetermination-date", "type": "clause", "offset": [114, 134]}, {"key": "amount-of-the-borrowing", "type": "clause", "offset": [140, 163]}, {"key": "equal-to", "type": "definition", "offset": [178, 186]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [203, 232]}, {"key": "subject-to", "type": "definition", "offset": [260, 270]}, {"key": "further-adjustments", "type": "clause", "offset": [271, 290]}, {"key": "from-time-to-time", "type": "clause", "offset": [291, 308]}, {"key": "pursuant-to-section", "type": "definition", "offset": [309, 328]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [392, 418]}, {"key": "october-1", "type": "definition", "offset": [470, 479]}, {"key": "scheduled-redetermination", "type": "clause", "offset": [486, 511]}], "size": 2, "snippet": "For the period from and including the Fifth Amendment Effective Date (as defined below) to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $1,800,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e), Section 2.07(f), Section 2.07(g) and Section 8.12(c). For the avoidance of doubt, this Borrowing Base increase shall constitute the October 1, 2017 Scheduled Redetermination.", "samples": [{"hash": "itownO9Ei4V", "uri": "/contracts/itownO9Ei4V#borrowing-base-increase", "label": "Credit Agreement (Parsley Energy, Inc.)", "score": 28.7754962355, "published": true}], "hash": "a057e080e6f117b3a56073de68c69d22", "id": 10}], "next_curs": "CmASWmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjwLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiBib3Jyb3dpbmctYmFzZS1pbmNyZWFzZSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"children": [["borrowing-base", "Borrowing Base"], ["present-value", "Present Value"], ["payment-of-outstanding-invoices", "Payment of Outstanding Invoices"], ["second-amendment", "Second Amendment"]], "size": 65, "parents": [["now-therefore", "NOW, THEREFORE"], ["assignments-reallocation-of-commitments-and-loans-borrowing-base-increase", "Assignments Reallocation of Commitments and Loans Borrowing Base Increase"], ["waiver-amendment-borrowing-base-increase", "Waiver Amendment Borrowing Base Increase"], ["new-lender-assignments-and-reallocation-of-commitments-and-loans-borrowing-base-increase", "New Lender Assignments and Reallocation of Commitments and Loans Borrowing Base Increase"], ["increase-in-aggregate", "Increase in Aggregate"]], "title": "Borrowing Base Increase", "id": "borrowing-base-increase", "related": [["borrowing-base", "Borrowing Base", "Borrowing Base"], ["initial-borrowing-base", "Initial Borrowing Base", "Initial Borrowing Base"], ["calculation-of-borrowing-base", "Calculation of Borrowing Base", "Calculation of Borrowing Base"], ["funding-increases", "Funding Increases", "Funding Increases"], ["rent-increase", "RENT INCREASE", "RENT INCREASE"]], "related_snippets": [], "updated": "2025-07-07T12:36:17+00:00", "also_ask": [], "drafting_tip": null, "explanation": "A Borrowing Base Increase clause defines the conditions and procedures under which the maximum amount a borrower can draw under a credit facility may be raised. Typically, this clause outlines the requirements for requesting an increase, such as providing updated financial information or meeting certain performance metrics, and may require lender approval or additional collateral. Its core function is to provide flexibility for borrowers to access more funds as their borrowing capacity grows, while ensuring lenders retain control over credit risk."}, "json": true, "cursor": ""}}