Common use of Borrowing Base Amount Clause in Contracts

Borrowing Base Amount. Upon the Bank's receipt of the Borrower's field audit, in form and substance acceptable to the Bank, the definition of Borrowing Base Amount set forth in Section 1.1 of the Agreement shall be amended and restated in its entirety as follows:

Borrowing Base Amount. Upon the Bank's receipt of the Borrower's field audit, in form and substance acceptable to the Bank, the definition of Borrowing Base Amount set forth in Section 1.1 1. 1 of the Agreement shall be amended and restated in its entirety as follows: