Common use of Initial Amounts Clause in Contracts

Initial Amounts. The Borrowing Base in effect on the date of this Agreement is hereby determined to be $150,000,000, and the Threshold Amount in effect on the date of this Agreement is hereby determined to be $60,000,000. The Borrowing Base and the Threshold Amount shall remain at the respective amounts determined pursuant to the first sentence of this Section 1.04(a) until the date on which (x) the Administrative Agent shall next establish the Borrowing Base and/or Threshold Amount, as the case may be, as provided in Section 1.04(b) hereof or Section 1.04(c) hereof or (y) the Borrowing Base and/or Threshold Amount is reduced pursuant to Section 2.09 hereof.

Initial Amounts. The Borrowing Base in effect on the date of this Agreement is hereby determined to be $150,000,000200,000,000, and the Threshold Amount in effect on the date of this Agreement is hereby determined to be $60,000,000. The Borrowing Base and the Threshold Amount shall remain at the respective amounts determined pursuant to the first sentence of this Section 1.04(a) until the date on which (x) the Administrative Agent shall next establish the Borrowing Base and/or Threshold Amount, as the case may be, as provided in Section 1.04(b) hereof or Section 1.04(c) hereof or (y) the Borrowing Base and/or Threshold Amount is reduced pursuant to Section 2.09 hereof.. 34 -27-