RBL Component Clause Samples

RBL Component. For the period from and including the ClosingFirst Amendment Effective Date to but excluding the date of the first determination of the Borrowing BaseRedetermination Date thereafter pursuant to the further provisions of this Section 2.07, Section 2.07, the initial amount of the Borrowing BaseRBL Component has been set by the Administrative Agent and acknowledged by the Borrower and agreed to by the Lenders to be $110,000,000.62,500,000. The Borrower and the Lenders acknowledge and agree that the initial Borrowing Base has been determined as of the First Amendment Effective Date as if the Borrower and its Subsidiaries no longer own (and accordingly, without giving any value in the RBL Component to) the MidCon Assets. Notwithstanding the foregoing, the RBL Component may be subject to further adjustments pursuant to Section 2.07(f) and Section 2.07(g) from time to time 715347206 14464587 prior to the first Scheduled RBL Component Redetermination. For each and every determination or redetermination of the Borrowing BaseRBL Component under this Agreement, the Borrowing BaseRBL Component shall be determined or redetermined based on the oil and gas reserves attributable to the Oil and Gas Properties of the Borrower and its Subsidiaries.