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Common use of Borrowing Base and Monthly Commitment Reduction Clause in Contracts

Borrowing Base and Monthly Commitment Reduction.

Appears in 3 contracts

Sources: Senior First Lien Secured Credit Agreement (Cross Border Resources, Inc.), Senior First Lien Secured Credit Agreement (Cross Border Resources, Inc.), Senior First Lien Secured Credit Agreement (Red Mountain Resources, Inc.)

Related Clauses

  • Commitment Reductions
  • Mandatory Prepayments Commitment Reductions
  • Commitment Reduction
  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions
  • Voluntary Commitment Reductions

Parent Clauses

  • Credit Facilities

Sub-Clauses

  • Calculation of Borrowing Base and Monthly Commitment Reduction
  • Borrowing Base
  • Standards for Redetermination
  • Interim Redetermination
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