Common use of Redetermined Borrowing Base Clause in Contracts

Redetermined Borrowing Base. This Amendment shall constitute notice of the Scheduled Redetermination to occur on or about May 1, 2016 pursuant to Section 2.08 of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrower and the Guarantors hereby acknowledge that effective as of the Fourth Amendment Effective Date, the Borrowing Base shall be reduced from $88,000,000 to $75,000,000 and such redetermined Borrowing Base, which shall be deemed to be the May 1, 2016 Scheduled Redetermination, shall remain in effect until the earlier of (a) the next redetermination of the Borrowing Base or (b) the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement.

Redetermined Borrowing Base. This Amendment shall constitute notice of the Scheduled Redetermination Borrowing Base Determination to occur on or about May November 1, 2016 2013 pursuant to Section 2.08 of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrower and the Guarantors hereby acknowledge that effective as of the Fourth Amendment Effective Datedate of this Amendment, the Borrowing Base shall be reduced increased from $88,000,000 8,000,000 to $75,000,000 16,000,000 and such redetermined Borrowing Base, which shall be deemed to be the May November 1, 2016 2013 Scheduled RedeterminationBorrowing Base Determination, shall remain in effect until the earlier of (a) the next redetermination of the Borrowing Base or (b) the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement.

Redetermined Borrowing Base. This Amendment shall constitute notice of the Scheduled Redetermination to occur on or about May 1, 2016 of the Borrowing Base pursuant to Section 2.08 3.06(b) of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrower and the Guarantors hereby acknowledge that effective as of the Fourth Sixth Amendment Effective Date, the Borrowing Base shall be reduced from is $88,000,000 to $75,000,000 375,000,000, and such redetermined Borrowing Base, which shall be deemed to be the May 1, 2016 Scheduled Redetermination, Base shall remain in effect until the earlier of (ai) the next redetermination Scheduled Redetermination to occur on or about March 1, 2016 pursuant to Section 3.02, Section 3.03 and Section 3.04 of the Borrowing Base or Credit Agreement and (bii) the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement.

Redetermined Borrowing Base. This Amendment shall constitute notice of the Scheduled Redetermination Borrowing Base Determination to occur on or about May November 1, 2016 2014 pursuant to Section 2.08 of the Credit Existing Agreement, and the Administrative Agent, the Lenders, the Borrower and the Guarantors hereby acknowledge that effective as of the Fourth Second Amendment Effective Date, the Borrowing Base shall be reduced increased from $88,000,000 20,000,000 to $75,000,000 137,000,000, and such redetermined Borrowing Base, Base (which shall be deemed to be the May November 1, 2016 2014 Scheduled Redetermination, Borrowing Base Determination) shall remain in effect until the earlier of (a) the next redetermination of the Borrowing Base or (b) the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement.