Common use of Interim Redeterminations Clause in Contracts

Interim Redeterminations. The Company may, at its option one time during a 12-month period, initiate an interim redetermination of the Borrowing Base. The Administrative Agent (at the direction of the Required Lenders, in their option) may, one time during any 12-month period, initiate an interim redetermination of the Borrowing Base.

Interim Redeterminations. The Company may, at its option one time during a 12-12 month period, initiate an interim redetermination of the Borrowing BaseBase and the Threshold Amount. The Administrative Agent (at the direction of the Required Lenders, in their option) may, one time during any 12-12 month period, initiate an interim redetermination of the Borrowing BaseBase and the Threshold Amount.

Interim Redeterminations. The Company may, at its option one time during a 12-12 month period, initiate an interim redetermination of the Borrowing Base. The Administrative Agent (at the direction of the Required Lenders, in their option) may, one time during any 12-12 month period, initiate an interim redetermination of the Borrowing Base.