Common use of Borrowing Base Redetermination Clause in Contracts

Borrowing Base Redetermination. 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 $1,500,000,000.00. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 8.13(c) or Section 9.12(d). For the avoidance of doubt, the redetermination herein shall constitute the October 1, 2013 Scheduled Redetermination and the next Scheduled Redetermination shall be the April 1, 2014

Appears in 1 contract

Sources: Credit Agreement (Oasis Petroleum Inc.)

Borrowing Base Redetermination. For the period from and including the Effective Date of this First Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $1,500,000,000.0050,000,000. 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 the avoidance of doubt, the redetermination herein shall constitute the October 1, 2013 Scheduled Redetermination and the next Scheduled Redetermination shall be the April 1, 2014.

Appears in 1 contract

Sources: Credit Agreement (Dune Energy Inc)

Borrowing Base Redetermination. 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 $1,500,000,000.00565,000,000. 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 8.13(c) or Section 9.12(d)) of the Credit Agreement. For the avoidance of doubt, the redetermination herein shall constitute the October 1, 2013 Scheduled Redetermination and the next Scheduled Redetermination shall be the April 1, 20142012

Appears in 1 contract

Sources: Credit Agreement (Legacy Reserves Lp)

Borrowing Base Redetermination. 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 $1,500,000,000.00240,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 8.13(cSections 2.07(e), 2.07(f), 8.12(c) or 9.12(d) or pursuant to Section 9.12(d). For the avoidance 3.3 of doubt, the redetermination herein shall constitute the October 1, 2013 Scheduled Redetermination and the next Scheduled Redetermination shall be the April 1, 2014this First Amendment.

Appears in 1 contract

Sources: Credit Agreement (Parsley Energy, Inc.)

Borrowing Base Redetermination. For the period from and including the First Eighth Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $1,500,000,000.00650,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e), (f), Section 8.13(c) or Section 9.12(d)9.12 of the Credit Agreement. For the avoidance of doubt, the redetermination herein shall constitute the October April 1, 2013 Scheduled Redetermination and the next Scheduled Redetermination shall be the April 1, 2014Redetermination.

Appears in 1 contract

Sources: Credit Agreement (Kodiak Oil & Gas Corp)