Common use of Special Redeterminations Clause in Contracts

Special Redeterminations. The first sentence of Section 3.03 of the Credit Agreement shall be and it hereby is amended and restated in its entirety to read as follows: In addition to Scheduled Redeterminations, (a) the Borrower shall be permitted to request a Special Redetermination of the Borrowing Base once between each Scheduled Redetermination and (b) the Required Lenders shall be permitted to request a Special Redetermination of the Borrowing Base once between each Scheduled Redetermination; provided that, in addition to any Special Redetermination of the Borrowing Base pursuant to this clause (b), the Required Lenders shall make a Special Redetermination on or about September 30, 2009.

Appears in 1 contract

Samples: Credit Agreement (Gasco Energy Inc)

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Special Redeterminations. The first sentence of Section 3.03 of the Credit Agreement shall be and it hereby is amended and restated in its entirety to read as follows: In addition to Scheduled Redeterminations, (a) the Borrower shall be permitted to request a Special Redetermination of the Borrowing Base once between each Scheduled Redetermination and (b) the Required Lenders shall be permitted to request a Special Redetermination of the Borrowing Base once between each Scheduled Redetermination; provided that, in addition to any Special Redetermination of the Borrowing Base pursuant to this clause (b), the Required Lenders shall make a Special Redetermination on or about September 30August 31, 2009.

Appears in 1 contract

Samples: Credit Agreement (Gasco Energy Inc)

Special Redeterminations. The first sentence of Section 3.03 of the Credit Agreement shall be and it hereby is amended and restated in its entirety to read as follows: In addition to Scheduled Redeterminations, (a) the Borrower shall be permitted to request a Special Redetermination of the Borrowing Base once between each Scheduled Redetermination and (b) the Required Lenders shall be permitted to request a Special Redetermination of the Borrowing Base once between each Scheduled Redetermination; provided that, in addition to any Special Redetermination of the Borrowing Base pursuant to this clause (b), the Required Lenders shall make a Special Redetermination on or about September June 30, 2009.

Appears in 1 contract

Samples: Credit Agreement (Gasco Energy Inc)

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Special Redeterminations. The first sentence of Section 3.03 of the Credit Agreement shall be and it hereby is amended and restated in its entirety to read as follows: In addition to Scheduled Redeterminations, (a) the Borrower shall be permitted to request a Special Redetermination of the Borrowing Base once between each Scheduled Redetermination and (b) the Required Lenders shall be permitted to request a Special Redetermination of the Borrowing Base once between each Scheduled Redetermination; provided that, in addition to any Special Redetermination of the Borrowing Base pursuant to this clause (b), the Required Lenders shall make a Special Redetermination on or about September 30, 2009.

Appears in 1 contract

Samples: Credit Agreement (Gasco Energy Inc)

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