Common use of Consent and Acknowledgment Clause in Contracts

Consent and Acknowledgment. Subject to the terms of this Agreement, the Administrative Agent and the Lenders hereby consent to the Borrowing Base being increased to $430,000,000, and the Administrative Agent, the Lenders and the Borrowers hereby acknowledge that new $430,000,000 Borrowing Base amount shall remain in effect until the next redetermination or adjustment of the Borrowing Base is made pursuant to Section 2.02 of the Credit Agreement.