Common use of Evaluation Factors Clause in Contracts

Evaluation Factors. Each Lender shall determine the amount of the Borrowing Base attributable to the Oil and Gas Properties based upon the loan collateral value which such Lender in its discretion (using such methodology, assumptions and discount rates as such Lender customarily uses in assigning collateral value to oil and gas properties, oil and gas gathering systems, gas processing and plant operations) assigns to such Oil and Gas Properties at the time in question and based upon such other credit factors consistently applied (including, without limitation, the assets, liabilities, cash flow, business, properties, prospects, management and ownership of Borrowers and their Affiliates) as such Lender customarily considers in evaluating similar oil and gas credits.

Evaluation Factors. Each Lender shall determine the amount of the Borrowing Base attributable to the Oil and Gas Properties based upon the loan collateral value which such Lender in its discretion (using such methodology, assumptions and discount rates as such Lender customarily uses in assigning collateral value to oil and gas properties, oil and gas gathering systems, gas processing and plant operations) assigns to such Oil and Gas Properties at the time in question and based upon such other credit factors consistently applied (including, without limitation, the assets, liabilities, cash flow, business, properties, prospects, management and ownership of Borrowers Borrower and their its Affiliates) as such Lender customarily considers in evaluating similar oil and gas credits.