Borrowing Base Redetermination. Upon the Fifth Amendment Effective Date (as defined below), the existing Borrowing Base shall be, and hereby is, reduced to $950,000,000, which Borrowing Base shall remain in effect until the Borrowing Base shall be redetermined in accordance with the Credit Agreement. The parties hereto agree that the determination of the Borrowing Base pursuant to this Section 2 shall constitute the Scheduled Redetermination for April 2015.
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Sources: Fifth Amendment and Waiver Agreement (Samson Resources Corp), Fifth Amendment and Waiver Agreement (Samson Resources Corp)
Borrowing Base Redetermination. Upon The Lenders hereby agree that for the period from and including the Fifth Amendment Effective Date (as defined below)to but excluding the next Redetermination Date, the existing Borrowing Base shall be, and hereby is, reduced to $950,000,000, which Borrowing Base shall remain in effect until amount of the Borrowing Base shall be redetermined in accordance with reaffirmed at $1,100,000,000.00. Notwithstanding the Credit Agreement. The parties hereto agree that the determination of foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to this Section 2 shall constitute the Scheduled Redetermination for April 2015.2.07, Section 8.13(c), Section 9.02(i), Section 9.02(j), or Section 9.12
Appears in 1 contract
Sources: Credit Agreement (SM Energy Co)
Borrowing Base Redetermination. Upon the Fifth Amendment Effective Date (as defined below)Date, the existing Borrowing Base shall be, and hereby is, reduced to be $950,000,0001,000,000,000, which Borrowing Base shall remain in effect until the Borrowing Base shall be redetermined in accordance with the Credit Agreement. The parties hereto agree that the determination of the Borrowing Base pursuant to this Section 2 shall constitute the Scheduled Redetermination for April 20152014.
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