Common use of Minimum Borrowing Base Clause in Contracts

Minimum Borrowing Base. Permit the Borrowing Base to be less than (a) at any time on or after June 30, 2021 through December 30, 2022, $75,000,000, (b) at any time on or after December 31, 2022 through December 30, 2023, $125,000,000, and (c) at any time on or after December 31, 2023, $250,000,000.

Minimum Borrowing Base. Permit the Borrowing Base to be less than (a) at any time on or after June 30, 2021 through December 30, 2022, $75,000,00030,000,000, (b) at any time on or after December 31, 2022 through December 30, 2023, $125,000,00050,000,000, and (c) at any time on or after December 31, 2023, $250,000,000100,000,000.