Initial Borrowing Base. The initial Borrowing Base Amount, as reflected in the initial Banking Case, and in effect on the Closing Date shall be $78,000,000. Such initial Borrowing Base Amount and Banking Case shall be subject to re-determination 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 initial Borrowing Base Amount, as reflected in the initial Banking Case, and in effect on the Closing Date shall be $78,000,00030,000,000. Such initial Borrowing Base Amount and Banking Case shall be subject to re-determination 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 initial Notwithstanding anything to the contrary contained herein, the Borrowing Base Amount, as reflected in the initial Banking Case, and in effect during the period commencing on the Closing Date and ending on the effective date of the first Redetermination after the Closing Date shall be $78,000,000. Such initial Borrowing Base Amount and Banking Case shall be subject to re-determination from time to time in accordance with this ARTICLE 3510,000,000.
Appears in 2 contracts
Sources: Credit Agreement (Tapstone Energy Inc.), Credit Agreement (Tapstone Energy Inc.)
Initial Borrowing Base. The initial Borrowing Base Amount, as reflected in shall be $19,500,000 for the initial Banking Case, and in effect period commencing on the Closing Date shall be $78,000,000. Such initial Borrowing Base Amount and Banking Case shall be subject to re-determination from time to time in accordance with this ARTICLE 3.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 Notwithstanding anything to the contrary contained herein, the Borrowing Base Amount, as reflected in the initial Banking Case, and in effect during the period commencing on the Closing Date and ending on the effective date of the first Redetermination after the Closing Date shall be $78,000,000. Such initial Borrowing Base Amount and Banking Case shall be subject to re-determination from time to time in accordance with this ARTICLE 3115,000,000.
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Initial Borrowing Base. The initial Notwithstanding anything to the contrary contained herein, the Borrowing Base Amount, as reflected in the initial Banking Case, and in effect during the period commencing on the Closing Date and ending on the effective date of the first Redetermination after the Closing Date shall be $78,000,000. Such initial Borrowing Base Amount and Banking Case shall be subject to re-determination from time to time in accordance with this ARTICLE 324,000,000.
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Initial Borrowing Base. The initial On the Closing Date, the Borrowing Base Amountshall be an amount equal to $625,000,000, as reflected in the initial Banking Case, and which Borrowing Base shall remain in effect on until the Closing Date shall be $78,000,000. Such initial Borrowing Base Amount and Banking Case shall be subject to re-determination from time to time is redetermined or reduced in accordance with this ARTICLE 3Agreement.
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Initial Borrowing Base. The initial At the Closing Date, the Borrowing Base Amount, shall be as reflected described in the initial Banking Casedefinition of “Borrowing Base” at Section 1.1 above. From the date of this Agreement through the next Determination Date (defined in paragraph “b” below), and in effect on the Closing Date Borrowing Base shall be $78,000,000. Such initial Borrowing Base Amount and Banking Case shall be subject to re-determination from time to time in accordance with this ARTICLE 327,500,000.00.
Appears in 1 contract
Sources: Credit Agreement (PHX Minerals Inc.)
Initial Borrowing Base. The initial Notwithstanding anything to the contrary contained herein, the Borrowing Base Amount, as reflected in the initial Banking Case, and in effect during the period commencing on the Closing Date and ending on the effective date of the first Redetermination after the Closing Date shall be $78,000,000. Such initial Borrowing Base Amount and Banking Case shall be subject to re-determination from time to time in accordance with this ARTICLE 3400,000,000.
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Initial Borrowing Base. The initial Borrowing Base Amount, as reflected in shall be $72,000,000 for the initial Banking Case, and in effect period commencing on the Closing Date shall be $78,000,000. Such initial Borrowing Base Amount and Banking Case shall be subject to re-determination from time to time in accordance with this ARTICLE 3ending on the effective date of the first Redetermination after the Closing Date.
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Initial Borrowing Base. The initial Borrowing Base Amount, as reflected in shall be $1,000,000 for the initial Banking Case, and in effect period commencing on the Closing Date shall be $78,000,000. Such initial Borrowing Base Amount and Banking Case shall be subject to re-determination from time to time in accordance with this ARTICLE 3.ending on the effective date of the first Redetermination after the Closing Date
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