Common use of Borrowing Base Redetermination Clause in Contracts

Borrowing Base Redetermination. Subject to the satisfaction of the conditions precedent set forth in Section 4 hereof, Administrative Agent and the Lenders hereby agree that for the period from and including the Sixth Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be increased to $1,400,000,000 (the “April 2017 Redetermination”). Administrative Agent, the Lenders and Borrower agree that the foregoing constitutes the April 1, 2017 Scheduled Redetermination and that this Sixth Amendment shall constitute the New Borrowing Base Notice with respect to such Scheduled Redetermination. Notwithstanding the foregoing, the Borrowing Base may be subject to further redeterminations and adjustments from time to time pursuant to Section 2.07 or Section 8.12(c). The Aggregate Commitment shall remain equal to $1,050,000,000.

Borrowing Base Redetermination. Subject to the satisfaction of the conditions precedent set forth in Section 4 6 hereof, Administrative Agent and the Lenders hereby agree that for the period from and including the Sixth Eighth Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be increased to $1,400,000,000 2,150,000,000 (the “April 2017 2018 Redetermination”). Administrative Agent, the Lenders and Borrower agree that the foregoing constitutes the April 1, 2017 2018 Scheduled Redetermination and that this Sixth Eighth Amendment shall constitute the New Borrowing Base Notice with respect to such Scheduled Redetermination. Notwithstanding the foregoing, the Borrowing Base may be subject to further redeterminations and adjustments from time to time pursuant to Section 2.07 or Section 8.12(c). The Aggregate Commitment shall remain equal to $1,050,000,000.

Borrowing Base Redetermination. Subject to the satisfaction of the conditions precedent set forth in Section 4 hereof, Administrative Agent and the Lenders hereby agree that for the period from and including the Sixth Fifth Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall remain and be increased to reaffirmed at $1,400,000,000 1,050,000,000 (the “April 2017 October 2016 Redetermination”). Administrative Agent, the Lenders and Borrower agree that the foregoing constitutes the April October 1, 2017 2016 Scheduled Redetermination and that this Sixth Fifth Amendment shall constitute the New Borrowing Base Notice with respect to such Scheduled Redetermination. Notwithstanding the foregoing, the Borrowing Base may be subject to further redeterminations and adjustments from time to time pursuant to Section 2.07 or Section 8.12(c). The Aggregate Commitment shall remain equal to $1,050,000,000.

Borrowing Base Redetermination. Subject to the satisfaction of the conditions precedent set forth in Section 4 6 hereof, Administrative Agent and the Lenders hereby agree that for the period from and including the Sixth Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be increased to $1,400,000,000 1,700,000,000 (the “April October 2017 Redetermination”). Administrative Agent, the Lenders and Borrower agree that the foregoing constitutes the April October 1, 2017 Scheduled Redetermination and that this Sixth Amendment shall constitute the New Borrowing Base Notice with respect to such Scheduled Redetermination. Notwithstanding the foregoing, the Borrowing Base may be subject to further redeterminations and adjustments from time to time pursuant to Section 2.07 or Section 8.12(c). The Aggregate Commitment shall remain equal to $1,050,000,000.