Common use of Changes in Pricing Clause in Contracts

Changes in Pricing. Schedule B (Applicable Pricing Margin) to the Credit Agreement is hereby amended as follows: (a) by deleting “Level 7” in Section 3 thereof and replacing it with “Level 6”; and (b) by deleting the table contained therein in its entirety and substituting the following table therefor: The above amendments to the table contained in the definition of Applicable Pricing Rate will become effective in an equivalent manner to the adjustment mechanism contemplated in Schedule B to the Credit Agreement.

Appears in 1 contract

Sources: Credit Agreement (Baytex Energy Corp.)

Changes in Pricing. Schedule B (Applicable Pricing Margin) to the Credit Agreement is hereby amended as follows: (a) by deleting “Level 76” in Section 3 thereof and replacing it with “Level 67”; and (b) by deleting the table contained therein in its entirety and substituting the following table therefor: The above amendments to the table contained in the definition of Applicable Pricing Rate will become effective in an equivalent manner to the adjustment mechanism contemplated in Schedule B to the Credit Agreement.:

Appears in 1 contract

Sources: First Amending Agreement (Baytex Energy Corp.)