Common use of Initial Borrowing Base Clause in Contracts

Initial Borrowing Base. The Borrowing Base shall be $19,500,000 for the period commencing on the Closing Date and ending on the effective date of the first Redetermination after the Closing Date

Appears in 2 contracts

Sources: Credit Agreement (Exco Resources Inc), Credit Agreement (Venus Exploration Inc)

Initial Borrowing Base. The initial Borrowing Base in effect on the Closing Date shall be $30,000,000. Such initial Borrowing Base shall be $19,500,000 for the period commencing on the Closing Date and ending on the effective date of the first Redetermination after the Closing Datesubject to redetermination from time to time in accordance with this ARTICLE 3.

Appears in 2 contracts

Sources: Credit Agreement (Transatlantic Petroleum Ltd.), Credit Agreement (Transatlantic Petroleum Ltd.)

Initial Borrowing Base. The Notwithstanding anything to the contrary contained herein, the Borrowing Base shall be $19,500,000 for in effect during the period commencing on the Closing Date and ending on the effective date of the first Redetermination after the Closing DateDate shall be $510,000,000.

Appears in 2 contracts

Sources: Credit Agreement (Tapstone Energy Inc.), Credit Agreement (Tapstone Energy Inc.)

Initial Borrowing Base. The During the period from the Closing Date until the next Determination Date the Borrowing Base shall be $19,500,000 for the period commencing on the Closing Date and ending on the effective date of the first Redetermination after the Closing Date1,000,000,000.

Appears in 1 contract

Sources: Credit Agreement (Sandridge Energy Inc)

Initial Borrowing Base. The Notwithstanding anything to the contrary contained herein, the Borrowing Base shall be $19,500,000 for in effect during the period commencing on the Closing Date and ending on the effective date of the first Redetermination after the Closing DateDate shall be $24,000,000.

Appears in 1 contract

Sources: Credit Agreement (VOC Brazos Energy Partners, LP)

Initial Borrowing Base. The For the period from and including the Closing Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $19,500,000 for the period commencing on the Closing Date and ending on the effective date of the first Redetermination after the Closing Date375,000,000.

Appears in 1 contract

Sources: Credit Agreement (Houston Exploration Co)

Initial Borrowing Base. The Borrowing Base shall be $19,500,000 50,000,000 for the period commencing on the Closing Date and ending on the effective date of the first Redetermination after the Closing Date.

Appears in 1 contract

Sources: Credit Agreement (Berry Petroleum Co)

Initial Borrowing Base. The Notwithstanding anything to the contrary contained herein, the Borrowing Base shall be $19,500,000 for in effect during the period commencing on the Closing Date and ending on the effective date of the first Redetermination after the Closing DateDate shall be $400,000,000.

Appears in 1 contract

Sources: Credit Agreement (Encore Acquisition Co)

Initial Borrowing Base. The For the period from and including the Closing Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $19,500,000 for the period commencing on the Closing Date and ending on the effective date of the first Redetermination after the Closing Date300,000,000.

Appears in 1 contract

Sources: Credit Agreement (Houston Exploration Co)

Initial Borrowing Base. The Borrowing Base shall be $19,500,000 7,000,000 for the period commencing on the Closing Date and ending on the effective date of the first Redetermination after the Closing Date.

Appears in 1 contract

Sources: Credit Agreement (Exco Resources Inc)

Initial Borrowing Base. The Borrowing Base shall be $19,500,000 72,000,000 for the period commencing on the Closing Date and ending on the effective date of the first Redetermination after the Closing Date.

Appears in 1 contract

Sources: Master Credit Agreement (Riata Energy Inc)

Initial Borrowing Base. The Borrowing Base shall be $19,500,000 45,000,000 for the period commencing on the Closing Date and ending on the effective date of the first Redetermination after the Closing Date.

Appears in 1 contract

Sources: Credit Agreement (Exco Resources Inc)

Initial Borrowing Base. The Borrowing Base shall be $19,500,000 60,000,000 for the period commencing on the Closing Date and ending on the effective date earlier to occur of (i) October 31, 1999 and (ii) the first Redetermination Date after the Closing Date.

Appears in 1 contract

Sources: Credit Agreement (Mariner Energy Inc)

Initial Borrowing Base. The During the period from and including the Closing Date to but excluding the first Determination Date, the Borrowing Base shall be $19,500,000 for the period commencing on the Closing Date and ending on the effective date of the first Redetermination after the Closing Date20,000,000.00.

Appears in 1 contract

Sources: Credit Agreement (Kolibri Global Energy Inc.)

Initial Borrowing Base. The For the period from and including the Closing Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $19,500,000 for the period commencing on the Closing Date and ending on the effective date of the first Redetermination after the Closing Date600,000,000.

Appears in 1 contract

Sources: Credit Agreement (Houston Exploration Co)

Initial Borrowing Base. The Borrowing Base shall be $19,500,000 1,000,000 for the period commencing on the Closing Date and ending on the effective date of the first Redetermination after the Closing Date

Appears in 1 contract

Sources: Credit Agreement (Exco Resources Inc)