Common use of Redetermined Borrowing Base Clause in Contracts

Redetermined Borrowing Base. This Amendment shall constitute notice of the Scheduled Borrowing Base Determination to occur on or about November 1, 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 date of this Amendment, the Borrowing Base shall be increased from $8,000,000 to $16,000,000 and such redetermined Borrowing Base, which shall be deemed to be the November 1, 2013 Scheduled 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.

Redetermined Borrowing Base. This Amendment shall constitute notice of the Scheduled Borrowing Base Determination Redetermination to occur on or about November May 1, 2013 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 date of this AmendmentFourth Amendment Effective Date, the Borrowing Base shall be increased reduced from $8,000,000 88,000,000 to $16,000,000 75,000,000 and such redetermined Borrowing Base, which shall be deemed to be the November May 1, 2013 2016 Scheduled Borrowing Base DeterminationRedetermination, 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 Borrowing Base Determination to occur on or about November 1, 2013 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 date of this AmendmentSecond Amendment Effective Date, the Borrowing Base shall be increased from $8,000,000 20,000,000 to $16,000,000 137,000,000, and such redetermined Borrowing Base, Base (which shall be deemed to be the November 1, 2013 2014 Scheduled 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.