Common use of Initial Borrowing Base Clause in Contracts

Initial Borrowing Base. The initial Borrowing Base in effect on the Closing Date shall be $30,000,000. Such initial Borrowing Base shall be subject to redetermination from time to time in accordance with this ARTICLE 3.

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

Initial Borrowing Base. The initial Borrowing Base Amount, as reflected in the initial Banking Case, and in effect on the Closing Date shall be $30,000,00078,000,000. Such initial Borrowing Base Amount and Banking Case shall be subject to redetermination re-determination from time to time in accordance with this ARTICLE 3.

Initial Borrowing Base. The initial Notwithstanding anything to the contrary contained herein, the Borrowing Base 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 $30,000,000. Such initial Borrowing Base shall be subject to redetermination from time to time in accordance with this ARTICLE 3510,000,000.

Initial Borrowing Base. The initial Notwithstanding anything to the contrary contained herein, the Borrowing Base 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 $30,000,000. Such initial Borrowing Base shall be subject to redetermination from time to time in accordance with this ARTICLE 3400,000,000.

Initial Borrowing Base. The initial Notwithstanding anything to the contrary contained herein, the Borrowing Base 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 $30,000,000. Such initial Borrowing Base shall be subject to redetermination from time to time in accordance with this ARTICLE 3115,000,000.

Initial Borrowing Base. The initial Notwithstanding anything to the contrary contained herein, the Borrowing Base 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 $30,000,000. Such initial Borrowing Base shall be subject to redetermination from time to time in accordance with this ARTICLE 324,000,000.

Initial Borrowing Base. The initial Borrowing Base in effect shall be $45,000,000 for the period commencing on the Closing Date shall be $30,000,000. Such initial Borrowing Base shall be subject to redetermination from time to time in accordance with this ARTICLE 3and ending on the effective date of the first Redetermination after the Closing Date.

Initial Borrowing Base. The initial Borrowing Base in effect on On the Closing Date shall be $30,000,000. Such initial Date, the Borrowing Base shall be subject an amount equal to redetermination from time to time $625,000,000, which Borrowing Base shall remain in effect until the Borrowing Base is redetermined or reduced in accordance with this ARTICLE 3Agreement.

Initial Borrowing Base. The initial Borrowing Base in effect on At the Closing Date shall be $30,000,000. Such initial Date, the Borrowing Base shall be subject to redetermination from time to time as described in accordance with the definition of “Borrowing Base” at Section 1.1 above. From the date of this ARTICLE 3Agreement through the next Determination Date (defined in paragraph “b” below), the Borrowing Base shall be $27,500,000.00.