Common use of Borrowing Base Redetermination Clause in Contracts

Borrowing Base Redetermination. Pursuant to Section 2.9(a) of the Credit Agreement, Administrative Agent and Lenders hereby notify Borrower that from the date hereof until the next Determination Date the Borrowing Base shall be $1,400,000,000, and by its execution hereof, Borrower accepts the foregoing Borrowing Base.

Appears in 4 contracts

Samples: Credit Agreement (Berry Petroleum Co), Credit Agreement (Berry Petroleum Co), Credit Agreement (Berry Petroleum Co)

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Borrowing Base Redetermination. Pursuant to Section 2.9(a) of the Original Credit Agreement, Administrative Agent and Lenders have redetermined the Borrowing Base. Accordingly, Administrative Agent and Lenders hereby notify Borrower that the Borrowing Base is $55,000,000 from the date hereof until and including the next Determination Date date as of which the Borrowing Base shall be $1,400,000,000is redetermined pursuant to the Credit Agreement, and by its execution hereof, Borrower accepts the foregoing Borrowing Base.

Appears in 1 contract

Samples: Credit Agreement (Double Eagle Petroleum Co)

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Borrowing Base Redetermination. Pursuant to Section 2.9(a) of the Original Credit Agreement, Administrative Agent and Lenders have redetermined the Borrowing Base. Accordingly, Administrative Agent and Lenders hereby notify Borrower that the Borrowing Base is $60,000,000 from the date hereof until and including the next Determination Date date as of which the Borrowing Base shall be $1,400,000,000is redetermined pursuant to the Credit Agreement, and by its execution hereof, Borrower accepts the foregoing Borrowing Base.

Appears in 1 contract

Samples: Credit Agreement (Double Eagle Petroleum Co)

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