Borrowing Base Increase. For the period from and including the Second Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $75,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e), Section 8.13(c) or Section 9.12(d). For this avoidance of doubt, this Borrowing Base increase shall constitute the April 1, 2013 Scheduled Redetermination.
Borrowing Base Increase. Effective as of the Effective Date, the Borrowing Base is hereby increased to $65,000,000. Once effective, the new Borrowing Base amount shall remain in effect at that level until the Borrowing Base is redetermined or adjusted in accordance with the Credit Agreement. For the avoidance of doubt, the increase in the Borrowing Base pursuant to this Section 4 is the scheduled April 2016 redetermination pursuant to Section 2.2(b)(ii) of the Credit Agreement.
Borrowing Base Increase. Subject to the terms of this Agreement, the Lenders and the Borrower hereby agree that, as of the Effective Date, the Borrowing Base shall be $185,000,000. Such Borrowing Base shall remain in effect until the next redetermination made pursuant to Section 2.02 of the Credit Agreement, as amended hereby.
Borrowing Base Increase. For the period from and including the Fifth Amendment Effective Date (as defined below) to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $1,800,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e), Section 2.07(f), Section 2.07(g) and Section 8.12(c). For the avoidance of doubt, this Borrowing Base increase shall constitute the October 1, 2017 Scheduled Redetermination.
Borrowing Base Increase. In reliance on the representations, warranties, covenants and agreements contained in this Third Amendment, and subject to the satisfaction of the conditions precedent set forth in Section 4 hereof, the Borrowing Base shall be increased, effective as of the Third Amendment Effective Date, to be $825,000,000, and shall remain at $825,000,000 until the next Scheduled Redetermination, Interim Redetermination or other redetermination of the Borrowing Base thereafter, whichever occurs first pursuant to the Credit Agreement as amended hereby. The Loan Parties, the Administrative Agent and the Lenders agree that the redetermination of the Borrowing Base provided for in this Section 3 shall be considered and deemed to be the Scheduled Redetermination scheduled for on or about May 1, 2014.
Borrowing Base Increase. Effective as of the Effective Date, the Borrowing Base is hereby increased to $160,000,000. Once effective, the new Borrowing Base amount shall remain in effect at that level until the Borrowing Base is redetermined or adjusted in accordance with the Credit Agreement. For the avoidance of doubt, (a) the increase in the Borrowing Base pursuant to this Section 5 is a Scheduled Redetermination pursuant to Section 2.2 of the Credit Agreement and (b) pursuant to Section 2.2(c)(i) of the Credit Agreement, the Borrower has notified the Administrative Agent and the Lenders that the next Scheduled Redetermination shall be on or about January 1, 2017.
Borrowing Base Increase. Subject to the terms of this Agreement, the parties hereto hereby agree that, as of the Effective Date, the Borrowing Base is hereby increased from $250,000,000 to $425,000,000, and the Borrowing Base shall remain in effect at such amount until the Borrowing Base is redetermined or adjusted in accordance with the Credit Agreement, as amended hereby. The redetermination of the Borrowing Base pursuant to this Section 4 shall constitute the scheduled Semi-Annual Redetermination to occur on or about October 1, 2017, as set forth in Section 2.2(b)(ii) of the Credit Agreement, as amended hereby. The parties hereto hereby agree that the next Scheduled Redetermination of the Borrowing Base shall be a Semi-Annual Redetermination to occur on or about April 1, 2018, as provided in Section 2.2(b) of the Credit Agreement.
Borrowing Base Increase. (a) On and as of the Amendment Effective Date, the Borrowing Base shall automatically increase to $285,000,000 until adjusted or otherwise redetermined in accordance with the Credit Agreement.
Borrowing Base Increase. On the Effective Date, the Borrowing Base shall be increased from $16,000,000 to $17,000,000. The next scheduled Determination Date is May 1, 2012.
Borrowing Base Increase. Subject to Section 4.13 of this First Amendment, for the period from and including the First Amendment Effective Date to but excluding the first Redetermination Date occurring thereafter, the amount of the Borrowing Base (subject to adjustment pursuant to Section 4.13 of this First Amendment) shall be $325,000,000, which amount has been agreed to by all of the Lenders. Following the first Redetermination Date occurring after the First Amendment Effective Date, the Borrowing Base shall be determined pursuant to Section 2.07. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e), Section 2.07(f), Section 8.13(c), Section 8.16, Section 8.18 or Section 9.11.
