Common use of Scheduled and Interim Redeterminations Clause in Contracts

Scheduled and Interim Redeterminations. The Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 (a “Scheduled Redetermination”), and, subject to Section 2.15(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent and the Lenders on April 15th and October 15th of each year, commencing April 15, 2013.

Scheduled and Interim Redeterminations. The (i) Commencing with the first Redetermination Date, the Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 2.07 (a “Scheduled Redetermination”), and, subject to Section 2.15(d2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent Agent, each Issuing Bank and the Lenders on or around April 15th 1st and October 15th 1st of each year, commencing with the April 15, 20131st or October 1st immediately following the first Redetermination Date.

Scheduled and Interim Redeterminations. (i) The Borrowing Base and, as applicable prior to the Conforming Date, the Conforming Borrowing Base, shall be redetermined semi-annually in accordance with this Section 2.15 2.07 (a “"Scheduled Redetermination”"), and, subject to Section 2.15(d2.07(e), such redetermined Borrowing Base and, as applicable, Conforming Borrowing Base, shall become effective and applicable to the Borrower, the Administrative Agent Agents, each Issuing Bank and the Lenders on April 15th May 1st and October 15th November 1st of each year, commencing April 15November 1, 20132008.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annually annual basis in accordance with this Section 2.15 2.20 (each such redetermination, a “Scheduled Redetermination”), and, subject . Subject to Section 2.15(d2.20(c), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent Agent, the Issuing Banks and the Lenders on or about April 15th and 1st or October 15th 1st of each year, as applicable, commencing April 15with the Scheduled Redetermination to occur on or about October 1, 20132018.

Scheduled and Interim Redeterminations. The Subject to Section 2.07(d), the Borrowing Base shall be redetermined semi(a "Scheduled Redetermination") on May 1st and November 1st of each year, commencing November 1, 2002. In addition, the Borrower may, by notifying the Administrative Agent thereof, and the Administrative Agent may, at the direction of the Super-annually majority Lenders, by notifying the Borrower thereof, one time during any 12-month period, each elect to cause the Borrowing Base to be redetermined between Scheduled Redeterminations (an "Interim Redetermination") in accordance with this Section 2.15 (a “Scheduled Redetermination”), and, subject to Section 2.15(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent and the Lenders on April 15th and October 15th of each year, commencing April 15, 20132.07.

Scheduled and Interim Redeterminations. The Subject to Section 2.07(d), the Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 (a “Scheduled Redetermination”), and, subject to Section 2.15(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent and the Lenders ) on April 15th 1st and October 15th 1st of each year, commencing April 15October 1, 20132005. In addition, either the Borrower or the Administrative Agent may, or the Administrative Agent shall at the direction of the Majority Lenders, one time during each calendar year, each elect to cause the Borrowing Base to be redetermined between Scheduled Redeterminations (an “Interim Redetermination”) in accordance with this Section 2.07.

Scheduled and Interim Redeterminations. The Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 2.07 (a “"Scheduled Redetermination”"). In addition, and, subject (y) each of the Borrower and Required Lenders shall have the right to Section 2.15(d), such redetermined request one additional Borrowing Base determination in each period between scheduled Borrowing Base determinations, and (z) the Required Lenders shall become effective and applicable have the right to request an additional Borrowing Base determination to the Borrowerextent contemplated by Section 9.11 (each, the Administrative Agent and the Lenders on April 15th and October 15th of each year, commencing April 15, 2013.an "Interim Redetermination") in accordance with this Section 2.07. It is expressly agreed that:

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 2.07 (a “Scheduled Redetermination”), and, subject to Section 2.15(d2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent Agents, each Issuing Bank and the Lenders on April 15th 1st and October 15th 1st of each year, commencing April 15with October 1, 20132006.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined semi-annually on or around November 1st and May 1st in accordance with this Section 2.15 2.07 (a “Scheduled Redetermination”)) with the first Scheduled Redetermination to take place May 1, 2015, and, subject to Section 2.15(d2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent Agent, the Issuing Bank and the Lenders on April 15th or around November 1st and October 15th May 1st of each year, commencing April 15, 2013.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 2.07 (a “Scheduled Redetermination”), and, subject to Section 2.15(d2.07(e), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent Agents, each Issuing Bank and the Lenders on April 15th June 1st (or such date promptly thereafter as reasonably practicable based on the engineering and October 15th other information available to the Lenders) and December 1st (or such date promptly thereafter as reasonably practicable based on the engineering and other information available to the Lenders) of each year, commencing April 15December 1, 20132005.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 2.07 (a “Scheduled Redetermination”), and, subject to Section 2.15(d2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent Agents, each Issuing Bank and the Lenders on April 15th 1st and October 15th 1st of each year, commencing with April 151, 20132017.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined semi-annually on or around November 1st and May 1st in accordance with this Section 2.15 2.07 (a “Scheduled Redetermination”)) with the first Scheduled Redetermination to take place November 1, 2011, and, subject to Section 2.15(d2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent Agent, the Issuing Bank and the Lenders on April 15th or around November 1st and October 15th May 1st of each year, commencing April 15, 2013.

Scheduled and Interim Redeterminations. The Subject to Section 2.07(d), the Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 (a “Scheduled Redetermination”), and, subject to Section 2.15(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent and the Lenders ) on April 15th and October 15th May 1st of each year, commencing April 15May 1, 20132010. In addition, the Borrower may, by notifying the Administrative Agent thereof, and the Administrative Agent may, at the direction of the Super-majority Lenders, by notifying the Borrower thereof, each elect to cause the Borrowing Base to be redetermined one time between Scheduled Redeterminations (an “Interim Redetermination”) in accordance with this Section 2.07.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined semi-annually quarterly in accordance with this Section 2.15 2.07(b)(i) (a “Scheduled Quarterly Redetermination”), and, subject to Section 2.15(d2.07(d), such redetermined Borrowing Base shall become effective and applicable to the BorrowerBorrowers, the Administrative Agent Agent, the Issuing Bank and the Lenders on April 15th and or before October 15th of each year, commencing April 151, 2013, January 1, 2014 and April 1, 2014 beginning October 1, 2013 or, in each case, such date promptly thereafter as reasonably practicable based on the engineering and other information available to the Lenders.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 2.4 (a “Scheduled Redetermination”), and, subject to Section 2.15(d2.4(d), such redetermined Borrowing Base amount shall become effective and applicable to the Borrower, the Administrative Agent Agents, each Issuing Bank and the Lenders on or around April 15th 1st and October 15th 1st of each year, commencing April 15, 2013.

Scheduled and Interim Redeterminations. The Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 2.07 (each such redetermination, a “Scheduled Redetermination”), and, subject to Section 2.15(d2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent Agent, the Issuing Bank(s) and the Lenders on April 15th or about May 1st and October 15th November 1st of each year, commencing April 15on or about November 1, 20132018. The Borrower may, by notifying the Administrative Agent thereof, one time between any Scheduled Redetermination, elect to cause the Borrowing Base to be redetermined in accordance with this Section 2.07.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 2.4 (a “Scheduled Redetermination”), and, subject to Section 2.15(d2.4(d), such redetermined Borrowing Base amount shall become effective and applicable to the Borrower, the Administrative Agent Agents, each Issuing Bank and the Lenders on or around April 15th 1st and October 15th 1st of each year; provided, commencing April 15however, 2013the first redetermination shall be on or around November 1, 2018.

Scheduled and Interim Redeterminations. The Subject to Section 2.07(d), the Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 (a “Scheduled Redetermination”), and, subject to Section 2.15(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent and the Lenders ) on April 15th and October 15th May 1st of each year, commencing April 15May 1, 20132008. In addition, the Borrower may, by notifying the Administrative Agent thereof, and the Administrative Agent may, at the direction of the Super-majority Lenders, by notifying the Borrower thereof, each elect to cause the Borrowing Base to be redetermined one time between Scheduled Redeterminations (an “Interim Redetermination”) in accordance with this Section 2.07.

Scheduled and Interim Redeterminations. The Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 (a “Scheduled Redetermination”). In addition, andthe Borrower may, subject to Section 2.15(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, by notifying the Administrative Agent thereof and the Administrative Agent, acting at the direction of the Majority Lenders on April 15th and October 15th of may, by notifying the Borrower thereof, elect to cause the Borrowing Base to be redetermined between Scheduled Redeterminations (an “Interim Redetermination”), in each yearcase, commencing April 15not more than once between Scheduled Redeterminations, 2013in accordance with this Section.

Scheduled and Interim Redeterminations. The Subject to Section 2.07(d), the Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 (a “Scheduled Redetermination”), and, subject to Section 2.15(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent and the Lenders on ) no later than April 15th 1 and October 15th 1 of each year, commencing April 15October 1, 20132008. In addition, the Borrower may, by notifying the Administrative Agent thereof, and the Administrative Agent may, at the direction of the Majority Lenders, by notifying the Borrower thereof, one time during any 12-month period, elect to cause the Borrowing Base to be redetermined between Scheduled Redeterminations (an “Interim Redetermination”) in accordance with this Section 2.07.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 2.07 (each such scheduled redetermination, a “Scheduled Redetermination”), ) and, subject to Section 2.15(d2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent Agent, the Issuing Banks and the Lenders Banks on April 15th May 1 and October 15th November 1 of each yearyear (or, in each case, such date promptly thereafter as reasonably practicable), commencing April 15May 1, 2013.2024. 66

Scheduled and Interim Redeterminations. The Subject to Section 2.07(d), the Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 (a “Scheduled Redetermination”), and, subject to Section 2.15(d), such redetermined Borrowing Base shall become effective ) on May 1st and applicable to the Borrower, the Administrative Agent and the Lenders on April 15th and October 15th November 1st of each year, commencing April 15November 1, 20132005. In addition, the Borrower may, by notifying the Administrative Agent thereof, and the Administrative Agent may, at the direction of the Super-majority Lenders, by notifying the Borrower thereof, one time during any 12-month period, each elect to cause the Borrowing Base to be redetermined between Scheduled Redeterminations (an “Interim Redetermination”) in accordance with this Section 2.07.

Scheduled and Interim Redeterminations. The Borrowing Base and each portion of the Borrowing Base, shall be redetermined semi-annually in accordance with this Section 2.15 2.07 (a “"Scheduled Redetermination”"), and, subject to Section 2.15(d2.07(d), such redetermined Borrowing Base amount shall become effective and applicable to the Borrower, the Administrative Agent and the Lenders on April 15th and October 15th of each yearAgents, commencing April 15, 2013.each

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 2.07 (a “Scheduled Redetermination”), and, subject to Section 2.15(d2.07(e), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent Agents, each Issuing Bank and the Lenders on April 15th May 1st (or such date promptly thereafter as reasonably practicable based on the engineering and October 15th other information available to the Lenders) and November 1st (or such date promptly thereafter as reasonably practicable based on the engineering and other information available to the Lenders) of each year, commencing April 15May 1, 20132007.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annually annual basis in accordance with this Section 2.15 2.20 (each such semi-annual redetermination, a “Scheduled Redetermination”), and, subject . Subject to Section 2.15(d2.20(c), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent Agent, the Issuing Banks and the Lenders on or about April 15th 15 and October 15th 15 of each year, as applicable, commencing with the Scheduled Redetermination to occur on or about April 15, 20132023.

Scheduled and Interim Redeterminations. The Borrowing Base shall be redetermined semi-annually semi‑annually in accordance with this Section 2.15 2.07 (a “Scheduled Redetermination”). In addition, and, subject (y) each of the Borrower and Required Lenders shall have the right to Section 2.15(d), such redetermined request one additional Borrowing Base determination in each period between scheduled Borrowing Base determinations, and (z) the Required Lenders shall become effective and applicable have the right to request an additional Borrowing Base determination to the Borrowerextent contemplated by Section 9.11 (each, the Administrative Agent and the Lenders on April 15th and October 15th of each year, commencing April 15, 2013.an “Interim Redetermination”) in accordance with this Section 2.07. It is expressly agreed that:

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined semi-annually on or around November 1st and May 1st in accordance with this Section 2.15 2.07 (a “Scheduled Redetermination”)) with the first Scheduled Redetermination to take place May 1, 2014, and, subject to Section 2.15(d2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent Agent, the Issuing Bank and the Lenders on April 15th or around November 1st and October 15th May 1st of each year, commencing April 15, 2013.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined on a semi-annually annual basis in accordance with this Section 2.15 2.20 (each such redetermination, a “Scheduled Redetermination”), and, subject . Subject to Section 2.15(d2.20(c), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent Agent, the Issuing Banks and the Lenders on or about April 15th and 1st or October 15th 1st of each year, as applicable, commencing April 15with the Scheduled Redetermination to occur on or about October 1, 20132022.

Scheduled and Interim Redeterminations. The Subject to Section 2.07(d), the Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 (a “Scheduled Redetermination”), and, subject to Section 2.15(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent and the Lenders on ) no later than April 15th 1 and October 15th 1 of each year, commencing April 15October 1, 2013. In addition, the Borrower may, by notifying the Administrative Agent thereof, and the Administrative Agent may, at the direction of the Majority Lenders, by notifying the Borrower thereof, elect to cause the Borrowing Base to be redetermined once between each Scheduled Redetermination (an “Interim Redetermination”) in accordance with this Section 2.07.

Scheduled and Interim Redeterminations. The Subject to Section 2.07(d), the Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 (a “Scheduled Redetermination”), and, subject to Section 2.15(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent and the Lenders ) on April 15th and October 15th or before May 1st of each year, commencing April 15in 2011. In addition, 2013the Borrower may, by notifying the Administrative Agent thereof, and the Administrative Agent may, at the direction of the Super-majority Lenders, by notifying the Borrower thereof, each elect to cause the Borrowing Base to be redetermined one time between Scheduled Redeterminations (an “Interim Redetermination”) in accordance with this Section 2.07.

Scheduled and Interim Redeterminations. The Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 on each November 1 and May 1 beginning November 1, 2019 (each, a “Scheduled Redetermination”). In addition, andthe Borrower may, subject to Section 2.15(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, by notifying the Administrative Agent thereof, and the Lenders on April 15th Administrative Agent may, at the direction of the Required Lenders, by notifying the Borrower thereof, each elect to cause the Borrowing Base to be redetermined one time during each of the following periods: (A) between the Closing Date and October 15th of each yearthe November 1, commencing April 152019 Scheduled Redetermination, 2013and (B) starting with the November 1, 2019 Scheduled Redetermination, during any period between Scheduled Redeterminations (each, an “Interim Redetermination”), in accordance with this Section 2.4.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 2.07 (a “"Scheduled Redetermination”"), and, subject to Section 2.15(d2.07(d), such redetermined Borrowing Base shall become effective and applicable to the BorrowerBorrowers, the Administrative Agent Agents, each Issuing Bank and the Lenders on April 15th May 1st and October 15th November 1st of each year, commencing April 15May 1, 20132006.

Scheduled and Interim Redeterminations. The Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 2.07 (a “Scheduled Redetermination”), and, subject to Section 2.15(d2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent Issuing Bank and the Lenders on April 15th and October 15th of each year, commencing April 15, 2013.Lenders

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 2.07 (a “Scheduled Redetermination”), and, subject to Section 2.15(d2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent Agents, each Issuing Bank and the Lenders on April 15th 1st and October 15th 1st of each year, commencing April 15with October 1, 20132010.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 2.07 (each such scheduled redetermination, a “Scheduled Redetermination”), ) and, subject to Section 2.15(d2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent Agent, the Issuing Banks and the Lenders on April 15th 1 and October 15th 1 of each yearyear (or, in each case, such date promptly thereafter as reasonably practicable), commencing April 151, 20132023.

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 2.4 (a “Scheduled Redetermination”), and, subject to Section 2.15(d2.4(d), such redetermined Borrowing Base amount shall become effective and applicable to the Borrower, the Administrative Agent Agents, each Issuing Bank and the Lenders on or around April 15th 1st and October 15th 1st of each yearyear (commencing on or around October 1, commencing April 15, 20132019).

Scheduled and Interim Redeterminations. (i) The Borrowing Base shall be redetermined semi-annually in accordance with this Section 2.15 2.07(b)(i) (a “Scheduled Redetermination”), and, subject to Section 2.15(d2.07(a), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent Agent, the Issuing Bank and the Lenders on or before April 15th 1st and October 15th 1st of each yearyear beginning October 1, commencing April 152014 or, 2013in each case, such date promptly thereafter as reasonably practicable based on the engineering and other information available to the Lenders.