Common use of Initial Borrowing Base Clause in Contracts

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $44,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment Provisions.

Appears in 1 contract

Sources: Credit Agreement (Prairie Operating Co.)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $44,000,00055,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment ProvisionsSection 8.13(c) or Section 9.11(d).

Appears in 1 contract

Sources: Credit Agreement (McMoran Exploration Co /De/)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $44,000,000850,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time time, whether before or after such Redetermination Date, pursuant to Interim Redeterminations and the Borrowing Base Adjustment ProvisionsSection 8.12(c), Section 9.02(n) or Section 9.10.

Appears in 1 contract

Sources: Credit Agreement (Quicksilver Resources Inc)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $44,000,000450,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations this Article III and the Borrowing Base Adjustment ProvisionsSection 6.12.

Appears in 1 contract

Sources: Credit Agreement (PDC Energy, Inc.)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first initial Redetermination Date, the amount of the Borrowing Base shall be $44,000,00060,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment Provisionsthis Section 2.4.

Appears in 1 contract

Sources: Credit Agreement (AMERICAN EAGLE ENERGY Corp)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $44,000,000800,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment Provisions.

Appears in 1 contract

Sources: Credit Agreement (BKV Corp)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $44,000,00014,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment ProvisionsSection 8.12(c) or Section 9.12.

Appears in 1 contract

Sources: Credit Agreement (ABC Funding, Inc)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $44,000,00017,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment ProvisionsSection 8.12(c) or Section 9.12.

Appears in 1 contract

Sources: Credit Agreement (Petro Resources Corp)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $44,000,00075,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment ProvisionsSection 9.11.

Appears in 1 contract

Sources: Credit Agreement (Rice Energy Inc.)

Initial Borrowing Base. For the period from and including the Effective Closing Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $44,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment Provisions600,000,000.

Appears in 1 contract

Sources: Credit Agreement (Houston Exploration Co)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $44,000,000700,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment ProvisionsSection 8.13(c) or Section 9.13.

Appears in 1 contract

Sources: Senior Revolving Credit Agreement (Petrohawk Energy Corp)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $44,000,000120,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment Provisions.

Appears in 1 contract

Sources: Credit Agreement (Pedevco Corp)

Initial Borrowing Base. For During the period from and including the Effective Date ---------------------- to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $44,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment Provisions160,000,000.

Appears in 1 contract

Sources: Revolving Credit Agreement (Barrett Resources Corp)

Initial Borrowing Base. For During the period from and including the Effective Date to but excluding until the first Redetermination after the Effective Date, the amount of the Borrowing Base shall be $44,000,000375,000,000 (the "Initial Borrowing Base"). Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment ProvisionsSection 7.05.

Appears in 1 contract

Sources: Credit Agreement (Antero Resources Finance Corp)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the date of the first Redetermination DateScheduled Redetermination, the amount of the Borrowing Base shall be $44,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment Provisions9,840,510.90.

Appears in 1 contract

Sources: Credit Agreement (Imperial Petroleum Inc)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination DateDate thereafter, the amount of the Borrowing Base shall be $44,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment Provisions65,000,000.

Appears in 1 contract

Sources: Credit Agreement (PRESIDIO PRODUCTION Co)

Initial Borrowing Base. For the period from and including the Effective Closing Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $44,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment Provisions375,000,000.

Appears in 1 contract

Sources: Credit Agreement (Houston Exploration Co)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $44,000,00015,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment Provisions.

Appears in 1 contract

Sources: Credit Agreement (Us Energy Corp)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $44,000,000150,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment ProvisionsSection 8.13(c) or Section 9.12(d).

Appears in 1 contract

Sources: Credit Agreement (Jones Energy, Inc.)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $44,000,00010,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment ProvisionsSection 9.11(d).

Appears in 1 contract

Sources: Credit Agreement (Rice Energy Inc.)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $44,000,000475,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment Provisions.

Appears in 1 contract

Sources: Credit Agreement (Prairie Operating Co.)

Initial Borrowing Base. For During the period from and including the Effective ---------------------- Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $44,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment Provisions115,000,000.

Appears in 1 contract

Sources: Credit Agreement (Barrett Resources Corp)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $44,000,000700,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment Provisionsthis Section 2.4.

Appears in 1 contract

Sources: Credit Agreement (Comstock Oil & Gas Investments, LLC)

Initial Borrowing Base. For During the period from and including the Effective Date to but excluding until the first Redetermination after the Effective Date, the amount of the Borrowing Base shall be $44,000,0004,500,000,000 (the “Initial Borrowing Base”). Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations Sections 7.03 and the Borrowing Base Adjustment Provisions7.05.

Appears in 1 contract

Sources: Credit Agreement (ANTERO RESOURCES Corp)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $44,000,00020,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment Provisions.

Appears in 1 contract

Sources: Credit Agreement (Pedevco Corp)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first next Redetermination Date, the amount of the Borrowing Base shall be $44,000,000107,500,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment Provisions.

Appears in 1 contract

Sources: Credit Agreement (Sundance Energy Inc.)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $44,000,000C$225,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time time, whether before or after such Redetermination Date, pursuant to Interim Redeterminations and the Borrowing Base Adjustment ProvisionsSection 9.02(n) or Section 9.10.

Appears in 1 contract

Sources: Credit Agreement (Quicksilver Resources Inc)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first next Redetermination Date, the amount of the Borrowing Base shall be $44,000,00060,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment Provisions.

Appears in 1 contract

Sources: Credit Agreement (Miller Energy Resources, Inc.)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $44,000,000150,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment Provisions.

Appears in 1 contract

Sources: Credit Agreement (Rosehill Resources Inc.)

Initial Borrowing Base. For the period from and including the Effective Date to but excluding the first First Redetermination Date, the amount of the Borrowing Base shall be $44,000,000180,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment ProvisionsSection 8.13(d), Section 8.16 or Section 9.12.

Appears in 1 contract

Sources: Credit Agreement (Resolute Energy Corp)

Initial Borrowing Base. For During the period from and including the Effective Date to but excluding until the first Redetermination after the Effective Date, the amount of the Borrowing Base shall be $44,000,000550,000,000 (the “Initial Borrowing Base”). Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations Sections 7.03 and the Borrowing Base Adjustment Provisions7.05.

Appears in 1 contract

Sources: Credit Agreement (ANTERO RESOURCES Corp)