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 next Redetermination Date, the amount ofOn the Ninth Amendment Closing Date the Borrowing Base shall be $225,000,000is $2.65 billion. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e), Section 2.07(f), Section 8.13(c), Section 9.05(n)(iii), or Section 9.12(d).62

Appears in 1 contract

Sources: Credit Agreement (Diamondback Energy, Inc.)

Initial Borrowing Base. For the period from and including the Third Amendment Effective Date to but excluding the next first Redetermination DateDate thereafter, the amount ofOn the Ninth Amendment Closing Date of the Borrowing Base shall be $225,000,000is $2.65 billion185,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e), Section 2.07(f), Section 8.13(c), Section 9.05(n)(iii), 2.07 or Section 9.12(d).629.11(d).

Appears in 1 contract

Sources: Credit Agreement (Gran Tierra Energy Inc.)

Initial Borrowing Base. For the period from and including the Ninth Amendment Effective Date to but excluding the next first Redetermination DateDate thereafter, the amount ofOn the Ninth Amendment Closing Date of the Borrowing Base shall be $225,000,000is $2.65 billion300,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e‎Section 2.07 or ‎Section 9.11(d), Section 2.07(f), Section 8.13(c), Section 9.05(n)(iii), or Section 9.12(d).62.

Appears in 1 contract

Sources: Credit Agreement (Gran Tierra Energy Inc.)

Initial Borrowing Base. For the period from and including the Fourteenth Amendment Effective Date to but excluding the next Redetermination Date, the amount ofOn the Ninth Amendment Closing Date of the Borrowing Base shall be equal to $225,000,000is $2.65 billion. 75,000,000.646474 Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e), Section 2.07(f), Section 8.13(c), Section 9.05(n)(iii), ) or Section 9.12(d).629.12.

Appears in 1 contract

Sources: Credit Agreement (Goodrich Petroleum Corp)

Initial Borrowing Base. For the period from and including the Ninth Amendment Effective Date to but excluding the next first Redetermination Date following the Ninth Amendment Effective Date, the amount ofOn the Ninth Amendment Closing Date of the Borrowing Base shall be $225,000,000is $2.65 billion1,600,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments in between Scheduled Redeterminations from time to time pursuant to Section 2.07(e), Section 2.07(f), Section 8.13(c), Section 9.05(n)(iii9.12(d), Section 9.12(f) or Section 9.12(d).629.12(g).

Appears in 1 contract

Sources: Credit Agreement (Oasis Petroleum Inc.)

Initial Borrowing Base. For the period from and including the Ninth Fourteenth Amendment Effective Date to but excluding the next first Redetermination DateDate thereafter, the amount ofOn the Ninth Amendment Closing Date of the Borrowing Base shall be $225,000,000is $2.65 billion300,000,000225,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e), Section 2.07(f), Section 8.13(c), Section 9.05(n)(iii), 2.07 or Section 9.12(d).629.11(d).

Appears in 1 contract

Sources: Credit Agreement (Gran Tierra Energy Inc.)

Initial Borrowing Base. For the period from and including the ClosingEighth Amendment Effective Date to but excluding the next firstnext Redetermination Date, the amount ofOn the Ninth Amendment Closing Date of the Borrowing Base shall be $225,000,000is $2.65 billion2,000,000,000.1,359,235,400. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e2.14(e), Section 2.07(f(f), Section 8.13(c(g) and (h), Section 9.05(n)(iii), or Section 9.12(d).62.

Appears in 1 contract

Sources: Credit Agreement (EP Energy Corp)

Initial Borrowing Base. For the period from and including the Amendment No. 8 Effective Date to but excluding the next first Redetermination DateDate thereafter, the amount ofOn the Ninth Amendment Closing Date of the Borrowing Base shall be $225,000,000is $2.65 billion575,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e), Section 2.07(f), Section 8.13(c), Section 9.05(n)(iii), ) or Section 9.12(d).629.12(d).

Appears in 1 contract

Sources: Credit Agreement (Jones Energy, Inc.)

Initial Borrowing Base. For the period from and including the Fourteenth Amendment Effective Date to but excluding the next Redetermination Date, the amount ofOn the Ninth Amendment Closing Date of the Borrowing Base shall be equal to $225,000,000is $2.65 billion. 75,000,000.64 Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e), Section 2.07(f), Section 8.13(c), Section 9.05(n)(iii), ) or Section 9.12(d).629.12.

Appears in 1 contract

Sources: Credit Agreement (Goodrich Petroleum Corp)

Initial Borrowing Base. For the period from and including the Amendment Effective Date to but excluding the next Redetermination Date, the amount ofOn the Ninth Amendment Closing Date of the Borrowing Base shall be $225,000,000is 1,500,000,000, as further immediately reduced on the Amendment Effective Date to $2.65 billion1,400,000,000 in recognition of the issuance by the Borrower of Permitted Additional Debt on March 6, 2009. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time time, whether before or after such Redetermination Date, pursuant to Section 2.07(e8.12(c), Section 2.07(f), Section 8.13(c), Section 9.05(n)(iii), 9.02(a)(ix) or Section 9.12(d).629.12(d).

Appears in 1 contract

Sources: Credit Agreement (Plains Exploration & Production Co)