Common use of Borrowing Base Redetermination Clause in Contracts

Borrowing Base Redetermination. Pursuant to Section 2.07 of the Credit Agreement, the Borrowing Base shall be reaffirmed at $500,000,000 effective as of the Amendment Effective Date, and continuing until the next Scheduled Redetermination or Interim Redetermination of the Borrowing Base thereafter. Borrower Representative (on behalf of each Borrower), Parent and Lenders agree that the redetermination of the Borrowing Base provided for in this Section 2 shall not be considered or deemed to be an Interim Redetermination.

Borrowing Base Redetermination. Pursuant Notwithstanding anything to Section 2.07 of the contrary contained in the Credit Agreement, including, without limitation, the provisions of Article IV thereof, Borrower, Administrative Agent and Banks hereby agree that the Borrowing Base in effect for the period from the Effective Date until the date of the next Redetermination thereof shall be reaffirmed at $500,000,000 effective as of the Amendment Effective Date250,000,000. Borrower, Administrative Agent and continuing until the next Scheduled Redetermination or Interim Redetermination of the Borrowing Base thereafter. Borrower Representative (on behalf of each Borrower), Parent and Lenders Banks hereby further agree that the redetermination of the Borrowing Base Redetermination provided for in this Section 2 shall not be considered construed or deemed to be an Interim Redeterminationa Special Redetermination for purposes of Section 4.3 of the Credit Agreement.

Borrowing Base Redetermination. Pursuant to Section 2.07 2.02(b)(i) of the Credit Agreement, for the Borrowing Base shall be reaffirmed at $500,000,000 effective as of the Amendment Effective Date, and continuing until the next Scheduled Redetermination or Interim Redetermination of the Borrowing Base thereafter. Borrower Representative (on behalf of each Borrower), Parent and Lenders agree that the scheduled semi-annual redetermination of the Borrowing Base provided for April, 2014, the Administrative Agent and the Required Lenders hereby redetermine and reaffirm the Borrowing Base at an amount equal to $285,000,000. The Borrowing Base, as redetermined hereby, shall remain in this Section 2 shall not be considered or deemed to be an Interim Redeterminationeffect at that level until the effective date of the next redetermination of the Borrowing Base made in accordance with the terms of the Credit Agreement, as amended hereby.

Borrowing Base Redetermination. Pursuant to Section 2.07 Article IV of the Credit AgreementAgreement and subject to the satisfaction of the conditions precedent set forth in Section 4 hereof, the Borrowing Base shall be reaffirmed at $500,000,000 1,600,000,000 effective as of the Fifth Amendment Effective Date, and continuing until the next Scheduled Redetermination, Special Redetermination or Interim Redetermination other redetermination of the Borrowing Base thereafter. Borrower Representative (on behalf of each Borrower), Parent and Lenders Banks agree that the redetermination of the Borrowing Base provided for in this Section 2 shall not be considered or and deemed to be an Interim the May 1, 2011 Scheduled Redetermination.