Common use of Determination of the Borrowing Base Clause in Contracts

Determination of the Borrowing Base. During the period from the date hereof to the date of the first determination of the Borrowing Base pursuant to the further provisions of this Section 2.8, the initial amount of the Borrowing Base has been set by the Administrative Agent and acknowledged by the Borrower and agreed to by the Banks to be $112,500,000.

Appears in 1 contract

Samples: Credit Agreement (Magnum Hunter Resources Inc)

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Determination of the Borrowing Base. During the period from the date hereof to the date of the first determination of the Borrowing Base pursuant to the further provisions of this Section 2.82.8.2 or Section 2.8.3, the initial amount of the Borrowing Base has been set by the Administrative Agent and acknowledged by the Borrower and agreed to by the Banks Lenders to be $112,500,00050,000,000.

Appears in 1 contract

Samples: Credit Agreement (Escalera Resources Co.)

Determination of the Borrowing Base. During the period from the date hereof to the date of the first determination of the Borrowing Base pursuant to the further provisions of this Section 2.82.7, the initial amount of the Borrowing Base has been shall be as set by the Administrative Agent and acknowledged by forth in a letter agreement between the Borrower and agreed to by the Banks to be $112,500,000Agent dated September 11, 1998.

Appears in 1 contract

Samples: Credit Agreement (Vintage Petroleum Inc)

Determination of the Borrowing Base. During the period from the date hereof to the date of the first determination of the Borrowing Base pursuant to the further provisions of this Section 2.8, the initial amount of the Borrowing Base has been set by the Administrative Agent and acknowledged by the Borrower and agreed to by the Banks Lenders to be $112,500,000205,000,000.

Appears in 1 contract

Samples: Credit Agreement (Coho Energy Inc)

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Determination of the Borrowing Base. During the period from the date hereof to the date of the first next determination of the Borrowing Base pursuant to the further provisions of this Section 2.82.16, the initial amount of the Borrowing Base has been will be an amount set by the Administrative Agent on the date hereof and acknowledged by the Borrower and agreed to by (the Banks to be $112,500,000“Initial Borrowing Base”).

Appears in 1 contract

Samples: Credit Agreement (ECA Marcellus Trust I)

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