Common use of Borrowing Base Reduction Clause in Contracts

Borrowing Base Reduction. For the period from and including the Seventh Amendment Effective Date (as defined below) to but excluding the next Redetermination Date, the Borrowing Base shall be an amount equal to $725,000,000. 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), Section 9.12(d) or Section 9.12(e). For the avoidance of any doubt, this Borrowing Base reduction shall not constitute a Scheduled Redetermination or Interim Redetermination.

Borrowing Base Reduction. For the period from and including the Seventh Eighth Amendment Effective Date (as defined below) to but excluding the next Redetermination Date, the Borrowing Base shall be an amount equal to $725,000,000600,000,000. 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), Section 9.12(d), Section 9.12(e) or Section 9.12(e)pursuant to the other provisions of the Credit Agreement. For the avoidance of any doubt, this Borrowing Base reduction shall not constitute a redetermination constitutes the October 1, 2016 Scheduled Redetermination or Interim Redetermination.

Borrowing Base Reduction. For the period from and including the Seventh Ninth Amendment Effective Date (as defined below) to but excluding the next Redetermination Date, the Borrowing Base shall be an amount equal to $725,000,000200,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section Sections 2.07(e), Section 2.07(f), Section 8.13(c), Section ) or 9.12(d) or Section 9.12(e)of the Credit Agreement. For the avoidance of any doubt, this This Borrowing Base reduction shall not constitute a Scheduled an Interim Redetermination or Interim Redeterminationelected by the Borrower.

Borrowing Base Reduction. For the period from and including the Seventh Sixth Amendment Effective Date (as defined below) to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be an amount equal to $725,000,000540,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to the extent required by Section 2.07(e), Section 2.07(f), Section 8.13(c), Section 9.12(d) or Section 9.12(e8.12(c). For the avoidance of any doubt, this Borrowing Base reduction shall not constitute a Scheduled Redetermination or Interim Redetermination.

Borrowing Base Reduction. For the period from and including the Seventh Eighth Amendment Effective Date (as defined below) to but excluding the next Redetermination Date, the Borrowing Base shall be an amount equal to $725,000,000600,000,000. 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), Section 9.12(d), Section 9.12(e) or Section 9.12(e)pursuant to the other provisions of the Credit Agreement. For the avoidance of any doubt, this Borrowing Base reduction shall not constitute a redetermination constitutes the October 1, 2016 Scheduled Redetermination or Interim Redetermination. Section 4.