Common use of Redetermined Borrowing Base Clause in Contracts

Redetermined Borrowing Base. This Amendment shall constitute notice of the Redetermination of the Borrowing Base pursuant to Section 3.05 of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrowers and the Guarantors hereby acknowledge that effective as of the Third Amendment Effective Date, the Borrowing Base is $1,200,000,000, and such redetermined Borrowing Base shall remain in effect until the earlier of (i) the next Redetermination of the Borrowing Base and (ii) the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Antero Resources LLC), Credit Agreement (Antero Resources Finance Corp)

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Redetermined Borrowing Base. This Amendment shall constitute notice of the Redetermination of the Borrowing Base pursuant to Section 3.05 of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrowers and the Guarantors hereby acknowledge that effective as of the Third First Amendment Effective Date, the Borrowing Base is $1,200,000,000900,000,000, and such redetermined Borrowing Base shall remain in effect until the earlier of (i) the next Redetermination of the Borrowing Base and (ii) the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Antero Resources Finance Corp), Credit Agreement (Antero Resources LLC)

Redetermined Borrowing Base. This Amendment shall constitute notice of the a Scheduled Redetermination of the Borrowing Base pursuant to Section 3.05 3.04 of the Credit Agreement, and the Administrative Agent, the Required Lenders, the Borrowers Borrower and the Guarantors hereby acknowledge that effective as of the Third Amendment Effective Datedate hereof, the Borrowing Base is shall be reaffirmed at $1,200,000,000, 2,000,000,000 and such redetermined Borrowing Base shall remain in effect until the earlier of (ia) the next Redetermination of the Borrowing Base and or (iib) the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Range Resources Corp), Credit Agreement (Range Resources Corp)

Redetermined Borrowing Base. This Amendment shall constitute notice of the Redetermination a redetermination of the Borrowing Base pursuant to Section 3.05 4.2 of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrowers Lenders and the Guarantors Borrower hereby acknowledge that effective as of the Third Amendment Effective Date, date hereof the Borrowing Base is shall be $1,200,000,000, 375,000,000 and such redetermined Borrowing Base shall remain in effect until the earlier of (i) date the next Redetermination of the Borrowing Base and (ii) the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement. The redetermination of the Borrowing Base contained in this Section 2 shall constitute the Determination Date to occur on or about November 1, 2015.

Appears in 1 contract

Samples: Credit Agreement (Matador Resources Co)

Redetermined Borrowing Base. This Amendment shall constitute notice of the Redetermination of the Borrowing Base pursuant to Section 3.05 of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrowers Borrower and the Guarantors hereby acknowledge that effective as of the Third Sixth Amendment Effective Date, the Borrowing Base is $1,200,000,0001,750,000,000, and such redetermined Borrowing Base shall remain in effect until the earlier of (i) the next Redetermination of the Borrowing Base and (ii) the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Antero Resources LLC)

Redetermined Borrowing Base. This Amendment shall constitute notice of the a Scheduled Redetermination of the Borrowing Base pursuant to Section 3.05 3.04 of the Credit Agreement, and the Administrative Agent, the Required Lenders, the Borrowers Borrower and the Guarantors hereby acknowledge that effective as of the Third Second Amendment Effective Date, the Borrowing Base is $1,200,000,000, 2,000,000,000 and such redetermined Borrowing Base shall remain in effect until the earlier of (ia) the next Redetermination of the Borrowing Base and or (iib) the date such Borrowing Base is otherwise adjusted reduced pursuant to the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Range Resources Corp)

Redetermined Borrowing Base. This Amendment shall constitute notice of the a Scheduled Redetermination of the Borrowing Base pursuant to Section 3.05 3.04 of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrowers Borrower and the Guarantors hereby acknowledge that effective as of the Third Amendment Effective Datedate of this Amendment, the Borrowing Base is $1,200,000,000, 1,300,000,000 and such redetermined Borrowing Base shall remain in effect until the earlier of (ia) the next Redetermination of the Borrowing Base and Base, or (iib) the date such Borrowing Base is otherwise adjusted reduced pursuant to the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

Redetermined Borrowing Base. This Amendment shall constitute notice of the Redetermination of the Borrowing Base pursuant to Section 3.05 of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrowers and the Guarantors hereby acknowledge that effective as of the Third Fourth Amendment Effective Date, the Borrowing Base is $1,200,000,0001,550,000,000, and such redetermined Borrowing Base shall remain in effect until the earlier of (i) the next Redetermination of the Borrowing Base and (ii) the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Antero Resources LLC)

Redetermined Borrowing Base. This Amendment shall constitute notice of the Redetermination of the Borrowing Base pursuant to Section 3.05 of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrowers and the Guarantors hereby acknowledge that effective as of the Third Amendment Effective Date, the Borrowing Base is $1,200,000,000400,000,000, and such redetermined Borrowing Base shall remain in effect until the earlier of (i) the next Redetermination of the Borrowing Base and (ii) the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit AgreementBase.

Appears in 1 contract

Samples: Credit Agreement (Antero Resources Finance Corp)

Redetermined Borrowing Base. This Amendment shall constitute notice of the a Scheduled Redetermination of the Borrowing Base pursuant to Section 3.05 3.04 of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrowers Borrower and the Guarantors hereby acknowledge that effective as of the Third Amendment Effective Datedate of this Amendment, the Borrowing Base is $1,200,000,000, 1,600,000,000 and such redetermined Borrowing Base shall remain in effect until the earlier of (ia) the next Redetermination of the Borrowing Base and or (iib) the date such Borrowing Base is otherwise adjusted reduced pursuant to the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

Redetermined Borrowing Base. This Amendment shall constitute a notice of the Redetermination redetermination of the Borrowing Base pursuant to Section 3.05 3.04 of the Credit AgreementAgreement and Administrative Agent hereby notifies Borrower that, and the Administrative Agent, the Lenders, the Borrowers and the Guarantors hereby acknowledge that effective as of the Third Amendment Effective Dateeffective date of this Amendment, the Borrowing Base as of such date and until but not including the next Redetermination Date, is $1,200,000,000, and such redetermined Borrowing Base shall remain in effect until the earlier of (i) the next Redetermination of the Borrowing Base and (ii) the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

Redetermined Borrowing Base. This Amendment shall constitute a notice of the Redetermination redetermination of the Borrowing Base pursuant to Section 3.05 3.04 of the Credit AgreementAgreement and Administrative Agent hereby notifies Borrower that, and the Administrative Agent, the Lenders, the Borrowers and the Guarantors hereby acknowledge that effective as of the Third Second Amendment Effective Date, Date the redetermined Borrowing Base is $1,200,000,000, and such redetermined Borrowing Base shall remain in effect 1,200,000,000 until the earlier of (i) the next Redetermination redetermination of the Borrowing Base and (ii) the date such Borrowing Base is otherwise adjusted pursuant to the terms Article III of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Range Resources Corp)

Redetermined Borrowing Base. This Amendment shall constitute notice of the a Scheduled Redetermination of the Borrowing Base pursuant to Section 3.05 3.04 of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrowers Borrower and the Guarantors hereby acknowledge that effective as of the Third Amendment Effective Datedate of this Amendment, the Borrowing Base is $1,200,000,000, 400,000,000 and such redetermined Borrowing Base shall remain in effect until the earlier of (ia) the next Redetermination of the Borrowing Base and or (iib) the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Petroleum Development Corp)

Redetermined Borrowing Base. This Amendment shall constitute notice of the a Scheduled Redetermination of the Borrowing Base pursuant to Section 3.05 3.04 of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrowers Borrower and the Guarantors hereby acknowledge that effective as of the Third Amendment Effective Datedate of this Amendment, the Borrowing Base is $1,200,000,000, 1,500,000,000 and such redetermined Borrowing Base shall remain in effect until the earlier of (ia) the next Redetermination of the Borrowing Base and or (iib) the date such Borrowing Base is otherwise adjusted reduced pursuant to the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

Redetermined Borrowing Base. This Amendment shall constitute notice of the Redetermination of the Borrowing Base pursuant to Section 3.05 of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrowers and the Guarantors hereby acknowledge that effective as of the Third Fifth Amendment Effective Date, the Borrowing Base is $1,200,000,0001,650,000,000, and such redetermined Borrowing Base shall remain in effect until the earlier of (i) the next Redetermination of the Borrowing Base and (ii) the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Antero Resources LLC)

Redetermined Borrowing Base. This Amendment shall constitute notice of the Redetermination of the Borrowing Base pursuant to Section 3.05 3.04 of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrowers Borrower and the Guarantors hereby acknowledge that effective as of the Third First Amendment Effective Date, the Borrowing Base is $1,200,000,000450,000,000, and such redetermined Borrowing Base shall remain in effect until the earlier of (i) the next Redetermination of the Borrowing Base and (ii) the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (PDC Energy, Inc.)

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Redetermined Borrowing Base. This Amendment shall constitute notice of the Redetermination a redetermination of the Borrowing Base pursuant to Section 3.05 4.2 of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrowers Lenders and the Guarantors Borrower hereby acknowledge that effective as of the Third Amendment Effective DateOctober 31, 2016 the Borrowing Base is shall be $1,200,000,000, 400,000,000 and such redetermined Borrowing Base shall remain in effect until the earlier of (i) date the next Redetermination of the Borrowing Base and (ii) the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement. The redetermination of the Borrowing Base contained in this Section 2 shall constitute the Determination Date to occur on or about November 1, 2016.

Appears in 1 contract

Samples: Credit Agreement (Matador Resources Co)

Redetermined Borrowing Base. This Amendment shall constitute notice of the a Scheduled Redetermination of the Borrowing Base pursuant to Section 3.05 3.04 of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrowers Borrower and the Guarantors hereby acknowledge that effective as of the Third Amendment Effective Datedate of this Amendment, the Borrowing Base is $1,200,000,000, 1,400,000,000 and such redetermined Borrowing Base shall remain in effect until the earlier of (ia) the next Redetermination of the Borrowing Base and or (iib) the date such Borrowing Base is otherwise adjusted reduced pursuant to the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Exco Resources Inc)

Redetermined Borrowing Base. This Amendment shall constitute a notice of the Redetermination redetermination of the Borrowing Base pursuant to Section 3.05 3.04 of the Credit AgreementAgreement and Administrative Agent hereby notifies Borrower that, and the Administrative Agent, the Lenders, the Borrowers and the Guarantors hereby acknowledge that effective as of the Third Amendment Effective Date, the redetermined Borrowing Base is $1,200,000,000, and such redetermined Borrowing Base shall remain in effect 1,500,000,000 until the earlier of (i) the next Redetermination redetermination of the Borrowing Base and (ii) the date such Borrowing Base is otherwise adjusted pursuant to the terms Article III of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Range Resources Corp)

Redetermined Borrowing Base. This Amendment shall constitute notice of the Redetermination of the Borrowing Base pursuant to Section 3.05 of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrowers Borrower and the Guarantors hereby acknowledge that effective as of the Third Eighth Amendment Effective Date, the Borrowing Base is $1,200,000,0002,000,000,000, and such redetermined Borrowing Base shall remain in effect until the earlier of (i) the next Redetermination of the Borrowing Base and (ii) the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement.of

Appears in 1 contract

Samples: Credit Agreement (ANTERO RESOURCES Corp)

Redetermined Borrowing Base. This Amendment shall constitute notice of the Redetermination of the Borrowing Base pursuant to Section 3.05 of the Credit Agreement, and the Administrative Agent, the Lenders, Lenders and the Borrowers and the Guarantors hereby acknowledge that effective as of the Third First Amendment Effective Date, the Borrowing Base is $1,200,000,000400,000,000, and such redetermined Borrowing Base shall remain in effect until the earlier of (i) the next Redetermination of the Borrowing Base and (ii) the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit AgreementBase.

Appears in 1 contract

Samples: Credit Agreement (Antero Resources Finance Corp)

Redetermined Borrowing Base. This Amendment shall constitute notice of the Redetermination of the Borrowing Base pursuant to Section 3.05 of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrowers Borrower and the Guarantors hereby acknowledge that effective as of the Third Fourteenth Amendment Effective Date, the Borrowing Base is $1,200,000,0004,000,000,000, and such redetermined Borrowing Base shall remain in effect until the earlier of (i) the next Redetermination of the Borrowing Base and (ii) the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (ANTERO RESOURCES Corp)

Redetermined Borrowing Base. This Amendment shall constitute notice of the a Redetermination of the Borrowing Base pursuant to Section 3.05 3.04 of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrowers Borrower and the Guarantors hereby acknowledge that effective as of the Third Amendment Effective Datedate of this Amendment, the Borrowing Base is $1,200,000,00016,000,000, and such redetermined Borrowing Base shall remain in effect until the earlier of (i) the next Redetermination of the Borrowing Base and (ii) the date such Borrowing Base is otherwise adjusted reduced pursuant to the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Gasco Energy Inc)

Redetermined Borrowing Base. This Amendment shall constitute notice of the a Scheduled Redetermination of the Borrowing Base pursuant to Section 3.05 3.04 of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrowers Borrower and the Guarantors hereby acknowledge that effective as of the Third Amendment Effective Datedate of this Amendment, the Borrowing Base is $1,200,000,000, 425,000,000 and such redetermined Borrowing Base shall remain in effect until the earlier of (ia) the next Redetermination of the Borrowing Base and or (iib) the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Petroleum Development Corp)

Redetermined Borrowing Base. This Amendment shall constitute notice of the Redetermination of the Borrowing Base pursuant to Section 3.05 of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrowers Borrower and the Guarantors hereby acknowledge that effective as of the Third Eleventh Amendment Effective Date, the Borrowing Base is $1,200,000,0003,000,000,000, and such redetermined Borrowing Base shall remain in effect until the earlier of (i) the next Redetermination of the Borrowing Base and (ii) the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (ANTERO RESOURCES Corp)

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