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.
Appears in 3 contracts
Sources: Amendment No. 6, Waiver and Agreement (Mariner Energy Resources, Inc.), Credit Agreement (Mariner Energy Inc), Credit Agreement (Mariner Energy Inc)