Common use of Borrowing Base Utilization Grid Clause in Contracts

Borrowing Base Utilization Grid. Utilization Percentage ≤ 25% > 25% and ≤ 50% > 50% and ≤ 75% > 75% and ≤ 90% > 90% Term Benchmark Advance and RFR Advance 3.00% 3.25% 3.50% 3.75% 4.00% Alternate Base Rate Advance 2.00% 2.25% 2.50% 2.75% 3.00%

Appears in 1 contract

Sources: Borrowing Base Agreement (TXO Partners, L.P.)

Borrowing Base Utilization Grid. Utilization Percentage ≤ 25≤25% > >25% and ≤ 50% > >50% and ≤ 75≤75% > >75% and ≤ 90≤90% > >90% Term Benchmark Advance and RFR Advance 3.00% 3.25% 3.50% 3.75% 4.00% Alternate Base Rate Advance 2.00% 2.25% 2.50% 2.75% 3.00%

Appears in 1 contract

Sources: Credit Agreement (MorningStar Partners, L.P.)