Common use of Redetermined Borrowing Base Clause in Contracts

Redetermined Borrowing Base. This Amendment shall constitute notice of the Redetermination of the Borrowing Base and the Monthly Reduction pursuant to Section 3.05 of the Credit Agreement, and the Administrative Agent, the Lenders and the Borrower hereby acknowledge that effective as of the Fifth Amendment Effective Date, the Borrowing Base is $375,000,000 and the Monthly Reduction is $0.00.

Appears in 1 contract

Samples: Credit Agreement (Petroleum Development Corp)

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Redetermined Borrowing Base. This Amendment shall constitute notice of the Redetermination of the Borrowing Base and the Monthly Reduction pursuant to Section 3.05 of the Credit Agreement, and the Administrative Agent, the Lenders and the Borrower hereby acknowledge that effective as of the Fifth Sixth Amendment Effective Date, the Borrowing Base is $375,000,000 350,000,000 and the Monthly Reduction is $0.00.

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 and the Monthly Reduction pursuant to Section 3.05 3.06 of the Credit Agreement, and the Administrative Agent, the Lenders and the Borrower hereby acknowledge that that, effective as of the Fifth Amendment Effective Datedate of this Amendment, the Borrowing Base is $375,000,000 350,000,000 and the Monthly Reduction is $0.00, and such redetermined Borrowing Base and Monthly Reduction shall remain in effect until the next Redetermination of the Borrowing Base.

Appears in 1 contract

Samples: Credit Agreement (Carrizo Oil & Gas Inc)

Redetermined Borrowing Base. This Amendment shall constitute notice of the Redetermination of the Borrowing Base and the Monthly Reduction pursuant to Section 3.05 3.06 of the Credit Agreement, and the Administrative Agent, the Lenders and the Borrower hereby acknowledge that that, effective as of the Fifth Ninth Amendment Effective Date, the Borrowing Base is $375,000,000 290,000,000 and the Monthly Reduction is $0.00.

Appears in 1 contract

Samples: Credit Agreement (Carrizo Oil & Gas Inc)

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Redetermined Borrowing Base. This Amendment shall constitute notice of the Redetermination of the Borrowing Base and the Monthly Reduction pursuant to Section 3.05 of the Credit Agreement, and the Administrative Agent, the Lenders and the Borrower hereby acknowledge that effective as of the Fifth Amendment Effective DateMay 27, 2008, the Borrowing Base is $375,000,000 and 300,000,000, the Monthly Reduction is $0.000.00 and notwithstanding anything to the contrary contained in the Credit Agreement as in effect prior to the Third Amendment Effective Date, the Aggregate Revolving Commitment is $234,100,000.

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 and the Monthly Reduction pursuant to Section 3.05 3.06 of the Credit Agreement, and the Administrative Agent, the Lenders and the Borrower hereby acknowledge that that, effective as of the Fifth Amendment Effective Datedate of this Amendment, the Borrowing Base is $375,000,000 and the Monthly Reduction is $0.00, and such redetermined Borrowing Base and Monthly Reduction 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 reduced pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Carrizo Oil & Gas Inc)

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