Common use of Borrowing Base Reduction Clause in Contracts

Borrowing Base Reduction. For the period from and including the Eighth Amendment Effective Date (as defined below) to but excluding the next Redetermination Date, the Borrowing Base shall be an amount equal to $600,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e), Section 2.07(f), Section 8.13(c), Section 9.12(d), Section 9.12(e) or pursuant to the other provisions of the Credit Agreement. For the avoidance of any doubt, this Borrowing Base redetermination constitutes the October 1, 2016 Scheduled Redetermination.

Borrowing Base Reduction. For the period from and including the Eighth Seventh Amendment Effective Date (as defined below) to but excluding the next Redetermination Date, the Borrowing Base shall be an amount equal to $600,000,000725,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e), Section 2.07(f), Section 8.13(c), Section 9.12(d), ) or Section 9.12(e) or pursuant to the other provisions of the Credit Agreement). For the avoidance of any doubt, this Borrowing Base redetermination constitutes the October 1, 2016 reduction shall not constitute a Scheduled Redetermination or Interim Redetermination.

Borrowing Base Reduction. For the period from and including the Eighth Ninth Amendment Effective Date (as defined below) to but excluding the next Redetermination Date, the Borrowing Base shall be an amount equal to $600,000,000200,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section Sections 2.07(e), Section 2.07(f), Section 8.13(c), Section 9.12(d), Section 9.12(e) or pursuant to the other provisions 9.12(d) of the Credit Agreement. For the avoidance of any doubt, this This Borrowing Base redetermination constitutes reduction shall constitute an Interim Redetermination elected by the October 1, 2016 Scheduled RedeterminationBorrower.