Common use of Borrowing Base Calculations Clause in Contracts

Borrowing Base Calculations. The Borrowing Base shall be calculated in good faith by Lender upon receipt from Borrower of the Borrowing Base Certificate and all supporting documentation required under this Agreement pursuant to Section 7.3 below. Lender will provide a Borrowing Base calculation to Borrower setting forth its determination of the Borrowing Base, which calculation will be conclusive and binding in the absence of manifest error. The Borrowing Base as determined by Lender will become effective upon calculation by ▇▇▇▇▇▇ and will remain in effect until a new Borrowing Base is calculated by Lender in accordance with this Agreement.

Borrowing Base Calculations. The Borrowing Base shall be calculated in good faith by Lender upon receipt from Borrower of the Borrowing Base Certificate and all supporting documentation required under this Agreement pursuant to Section 7.3 9.3 below. Lender will provide a Borrowing Base calculation to Borrower setting forth its determination of the Borrowing Base, which calculation will be conclusive and binding in the absence of manifest error. The Borrowing Base as determined by Lender will become effective upon calculation by ▇L▇▇▇▇▇ and will remain in effect until a new Borrowing Base is calculated by Lender in accordance with this Agreement.

Borrowing Base Calculations. The Borrowing Base shall be calculated in good faith by Lender ‎Lender upon receipt from Borrower of the Borrowing Base Certificate and all supporting documentation ‎documentation required under this Agreement pursuant to Section 7.3 ‎9.3 below. Lender will provide ‎provide a Borrowing Base calculation to Borrower setting forth its determination of the Borrowing ‎Borrowing Base, which calculation will be conclusive and binding in the absence of manifest error‎error. The Borrowing Base as determined by Lender will become effective upon calculation by ▇▇▇▇▇▇ ‎Lender and will remain in effect until a new Borrowing Base is calculated by Lender in accordance ‎accordance with this Agreement.Agreement.‎