Common use of Determinations, Etc Clause in Contracts

Determinations, Etc. All determinations and redeterminations and adjustments of the Borrowing Base, Threshold Amount or any Borrowing Base Assumption by the Administrative Agent or the Required Lenders provided Credit Agreement for in this Section 1.04 or in the definition of "Present Value of Reserves" in Section 1.01 hereof, including any approvals or disapprovals of a determination or redetermination of the Borrowing Base, Threshold Amount or any Borrowing Base Assumption or any adjustment thereof shall be made on a reasonable basis, in good faith, in a manner reasonably consistent with the basis on which the initial Threshold Amount was determined and in accordance with then current standards and practices of the Administrative Agent or the Lenders, as applicable, for similar oil and gas credits with respect to borrowers similar to the Borrower.

Determinations, Etc. All determinations and redeterminations and adjustments of the Borrowing Base, Threshold Amount or any Borrowing Base Assumption by the Administrative Agent or the Required Lenders provided Credit Agreement for in this Section 1.04 or in the definition of "Present Value of Reserves" in Section 1.01 hereof, including any approvals or disapprovals of a determination or redetermination of the Borrowing Base, Threshold Amount or any Borrowing Base Assumption or any adjustment thereof shall be made on a reasonable basis, in good faith, in a manner reasonably consistent with the basis on which the initial Threshold Amount was determined and in accordance with then current standards and practices of the Administrative Agent or the Lenders, as applicable, for similar oil and gas credits with respect to borrowers similar to the Borrower.