Common use of Redeterminations Clause in Contracts

Redeterminations. So long as any of the Commitments are in effect and until payment in full of all Loans and LC Exposure hereunder and termination of all Letters of Credit issued hereunder, on or around the first Business Day of each May and November, commencing November 1, 2017 (each being a “Scheduled Redetermination Date”), the Lenders shall redetermine the amount of the Borrowing Base and the Monthly Reduction Amount in accordance with Section 2.08(b).

Appears in 2 contracts

Samples: Credit Agreement (Earthstone Energy Inc), Credit Agreement (Earthstone Energy Inc)

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Redeterminations. So long as any of the Commitments are in effect and until payment in full of all Loans and LC Exposure hereunder and termination of all Letters of Credit issued hereunder, on or around the first Business Day of each May June and NovemberDecember, commencing November 1June, 2017 2007 (each being a "Scheduled Redetermination Date"), the Lenders shall redetermine the amount of the Borrowing Base and the Monthly Reduction Amount in accordance with Section 2.08(b).

Appears in 1 contract

Samples: Credit Agreement (Isramco Inc)

Redeterminations. So long as any of the Commitments are in effect and until payment in full of all Loans and LC Exposure hereunder and termination of all Letters of Credit issued hereunder, on or around the first Business Day of each May and November, commencing November 1, 2017 (each being a “Scheduled Redetermination Date”), the Lenders shall redetermine the amount of the Borrowing Base and the Monthly Reduction Amount in accordance with Section 2.08(b).

Appears in 1 contract

Samples: Credit Agreement (Earthstone Energy Inc)

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Redeterminations. So long as any of the Commitments are in effect and until payment in full of all Loans and LC Exposure hereunder and termination of all Letters of Credit issued hereunder, on or around the first Business Day of each May and November, commencing November 1November, 2017 2008 (each being a “Scheduled Redetermination Date”), the Lenders shall redetermine the amount of the Borrowing Base and the Monthly Reduction Amount in accordance with Section 2.08(b).

Appears in 1 contract

Samples: Credit Agreement (Isramco Inc)

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