Common use of Borrowing Base Redetermination Clause in Contracts

Borrowing Base Redetermination. Pursuant to Section 2.07, the Administrative Agent and the Lenders agree that for the period from and including the First Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $450,000,000. 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) or Section 8.12(c). For the avoidance of doubt, the redetermination herein shall constitute the April 1, 2017 Scheduled Redetermination and the next Scheduled Redetermination shall be the October 1, 2017 Scheduled Redetermination.

Borrowing Base Redetermination. Pursuant to Section 2.072.07 of the Credit Agreement, the Administrative Agent and the Required Lenders agree that for the period from and including the First Seventh Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $450,000,0001,150,000,000. 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(f8.13(c) or Section 8.12(c9.12(d). For the avoidance of doubt, the redetermination herein shall constitute the April October 1, 2017 2016 Scheduled Redetermination and the next Scheduled Redetermination shall be the October April 1, 2017 Scheduled Redetermination.

Borrowing Base Redetermination. Pursuant to Section 2.07, the Administrative Agent and the Lenders agree that for the period from and including the First Third Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $450,000,000875,000,000. 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) or Section 8.12(c). For the avoidance of doubt, the redetermination herein shall constitute the April October 1, 2017 Scheduled Redetermination and the next Scheduled Redetermination shall be the October April 1, 2017 Scheduled Redetermination.2018

Borrowing Base Redetermination. Pursuant to Section 2.07, the Administrative Agent and the Lenders agree that for the period from and including the First Fifth Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $450,000,0001,300,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e), ) or Section 2.07(f) or Section 8.12(c8.13(c). For the avoidance of doubt, the redetermination herein shall constitute the April October 1, 2017 2018 Scheduled Redetermination and the next Scheduled Redetermination shall be the October April 1, 2017 2019 Scheduled Redetermination.

Borrowing Base Redetermination. Pursuant to Section 2.072.07 of the Credit Agreement, the Administrative Agent and the Lenders agree that for the period from and including the First Third Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $450,000,0001,700,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e2.7(e), Section 2.07(f8.13(c) or Section 8.12(c9.12(d). For the avoidance of doubt, the redetermination herein shall constitute the April 1, 2017 2015 Scheduled Redetermination and the next Scheduled Redetermination shall be the October 1, 2017 Scheduled Redetermination.2015

Borrowing Base Redetermination. Pursuant to Section 2.07, the Administrative Agent and the Lenders agree that for the period from and including the First Fourth Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $450,000,0001,050,000,000. 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) or Section 8.12(c). For the avoidance of doubt, the redetermination herein shall constitute the April 1, 2017 2018 Scheduled Redetermination and the next Scheduled Redetermination shall be the October 1, 2017 2018 Scheduled Redetermination.

Borrowing Base Redetermination. Pursuant to Section 2.072.07 of the Credit Agreement, the Administrative Agent and the Lenders agree that for the period from and including the First Second Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $450,000,0002,000,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e2.7(e), Section 2.07(f8.13(c) or Section 8.12(c9.12(d). For the avoidance of doubt, the redetermination herein shall constitute the April October 1, 2017 2014 Scheduled Redetermination and the next Scheduled Redetermination shall be the October April 1, 2017 2015 Scheduled Redetermination.