Common use of Redetermined Borrowing Base Clause in Contracts

Redetermined Borrowing Base. This Amendment shall constitute a notice of the redetermination of the Borrowing Base pursuant to Section 3.04 of the Credit Agreement and Administrative Agent hereby notifies Borrower that, as of the Third Amendment Effective Date, the redetermined Borrowing Base is $1,500,000,000 until the next redetermination of the Borrowing Base pursuant to Article III of the Credit Agreement.

Appears in 1 contract

Sources: Credit Agreement (Range Resources Corp)

Redetermined Borrowing Base. This Amendment shall constitute a notice of the redetermination of the Borrowing Base pursuant to Section 3.04 3.02 of the Credit Agreement Agreement, and the Administrative Agent hereby notifies the Borrower that, as of the Third Amendment Effective Datedate of this Amendment, the redetermined Borrowing Base is $1,500,000,000 until the next redetermination of the Borrowing Base pursuant to Article III of the Credit Agreement550,000,000.

Appears in 1 contract

Sources: Credit Agreement (Concho Resources Inc)

Redetermined Borrowing Base. This Amendment shall constitute a notice of the redetermination Redetermination of the Borrowing Base pursuant to Section 3.04 3.02 of the Credit Agreement Agreement, and the Administrative Agent hereby notifies the Borrower that, as of the Third Amendment Effective Datedate of this Amendment, the redetermined Borrowing Base is $1,500,000,000 until the next redetermination of the Borrowing Base pursuant to Article III of the Credit Agreement960,000,000.

Appears in 1 contract

Sources: Credit Agreement (Concho Resources Inc)

Redetermined Borrowing Base. This Amendment shall constitute a notice of the redetermination Redetermination of the Borrowing Base pursuant to Section 3.04 3.02 of the Credit Agreement Agreement, and the Administrative Agent hereby notifies the Borrower that, as of the Third Amendment Effective Datedate of this Amendment, the redetermined Borrowing Base is $1,500,000,000 until the next redetermination of the Borrowing Base pursuant to Article III of the Credit Agreement1,200,000,000.

Appears in 1 contract

Sources: Credit Agreement (Concho Resources Inc)