Common use of Effectiveness of a Redetermined Borrowing Base Clause in Contracts

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after a redetermined Borrowing Base is approved or is deemed to have been approved by the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a) and (c) in a timely and complete manner, on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required LendersLenders (subject to Section 2.10(b) and Section 12.02(b)(ii) with respect to any Defaulting Lender), as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (such notice, the “New Borrowing Base Notice”), ) and such amount shall become the new Borrowing Base, Base effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank(s) and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.11(a) and (cSection 8.11(c) in a timely and complete manner, then on the April May 1st or October 1stNovember 1st of each year, as applicable, following such noticenotice or as soon as possible thereafter, pursuant to the procedures set forth in Section 2.07(c)(iii), or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.11(a) and (cSection 8.11(c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h)pursuant to the Borrowing Base Adjustment Provisions, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Revolving Credit Lenders or the Required Revolving Credit Lenders, as applicable, pursuant to Section 2.14(c)(iii)2.06(c)(iii) or adjusted pursuant to the Borrowing Base Adjustment Provisions, the Administrative Agent shall promptly thereafter notify the Borrower and the Revolving Credit Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Revolving Credit Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cSection 8.12(c) in a timely and complete manner, on the April 1st then as of May 1 or October 1st, November 1 as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cSection 8.12(c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim RedeterminationRedetermination or an adjustment to the Borrowing Base pursuant to the Borrowing Base Adjustment Provisions, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h)pursuant to the Borrowing Base Adjustment Provisions, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination, Interim Redetermination or Interim Redetermination adjusted Borrowing Base shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base which maintains or decreases the Borrowing Base is approved or is deemed to have been approved by the Required Lenders and after a redetermined Borrowing Base Required Lenders or which increases the Required Borrowing Base is approved by the Lenders, as applicable, pursuant to Section 2.14(c)(iii2.4(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, Base effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aclauses (a) and (c) of Section 5.13 in a timely and complete manner, then on the April 1st February 1, May 1, August 1 or October 1stNovember 1 (or, in each case, such date promptly thereafter as reasonably practicable), as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aclauses (a) and (c) of Section 5.13 in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination and any other redetermination provided for in this Agreement (other than a Scheduled Redetermination), on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date Date, or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h)pursuant to this Agreement, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on or about the April 1st or October 1st1st (or, in each case, such date promptly thereafter as reasonably practicable), as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (fSection 2.07(f), (g) or (hSection 8.13(c), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by the Borrowing Base Required Increase Requisite Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii) and Section 2.07(c)(iv), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, applicable Scheduled Redetermination Date following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Effective Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h8.13(c), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cSection 8.12(c) in a timely and complete manner, then on the April 1st or October 1stapplicable Scheduled Redetermination Date (or, in each case, such date promptly thereafter as applicable, reasonably practicable) following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cSection 8.12(c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Effective Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (f), (gSection 8.13(c) or (hSection 9.12(e)(v), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a8.12(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base NoticeNotice (or such date as the Administrative Agent, the Lenders and the Borrower may otherwise agree to). Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (f), (gSection 2.07(f) or (hSection 8.13(c), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders (other than Defaulting Lenders) or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the or about April 1st or October 1st1st of each year, as applicableapplicable (or such later time as (x) the Borrower may agree upon request of the Administrative Agent or (y) the Majority Lenders may agree upon the request of the Borrower), following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h)the Borrowing Base Adjustment Provisions, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cSection 8.12(c) in a timely and complete manner, then on the April 1st or October 1st1st (or, in each case, such date promptly thereafter as reasonably practicable), as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cSection 8.12(c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim RedeterminationRedetermination or a redetermination of the Borrowing Base pursuant to Section 2.07(f), on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (f), (gSection 2.07(f) or (hSection 8.13(c), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by the Borrowing Base Required Lenders or the Required Revolving Lenders, as applicable, pursuant to Section 2.14(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Revolving Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount amount, subject to Section 2.14(h), shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers and the Revolving Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a10.13(a) and (cb) in a timely and complete manner, on the April May 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a10.13(a) and (cb) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), ) and (g) or (h), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Majority Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cb) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cb) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (f), (gSection 8.13(c) or (hSection 9.12(d), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by the Borrowing Base Required Lenders or the Required Majority Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative AgentAgents, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April May 1st or October November 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g8.13(c) or (h)Section 9.13, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h2.14(f), after a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Banks and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a9.13(a) and (c9.13(c) in a timely and complete manner, on the April 1st or October 1staround May 1 or November 1, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a9.13(a) and (c9.13(c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h2.14(f), such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f2.14(f), (g) or (h2.14(g), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h2.14(f), after a redetermined Borrowing Base is approved or is deemed to have been approved by the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a9.13(a) and (cb) in a timely and complete manner, on the April May 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a9.13(a) and (cb) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h2.14(f), such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers each Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such noticedelivery of the New Borrowing Base Notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such the New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g8.13(c) or (hSection 9.12(d), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h2.20(f), after a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders (other than Defaulting Lenders) or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.20(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base deliver a notice (the “New Borrowing Base Notice”), ) to the Borrower and the Lenders regarding the amount of the redetermined Borrowing Base and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Banks and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a5.15(a) and (c) in a timely and complete mannermanner and all of the Lenders or the Required Lenders, on as applicable, have approved or are deemed to have approved the Proposed Borrowing Base before April 1st or October 1st, as applicable, following pursuant to Section 2.20(c)(iii), then on the date specified in such noticeNew Borrowing Base Notice, which shall be on or before April 1st or October 1st of each year, as applicable (or such later time as (x) the Borrower may agree upon request of the Administrative Agent or (y) the Required Lenders may agree upon the request of the Borrower), or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a5.15(a) and (c) in a timely and complete manner, or if all of the Lenders or the Required Lenders, as applicable, have not approved or are deemed to have approved the Proposed Borrowing Base before April 1st or October 1st, as applicable, pursuant to Section 2.20(c)(iii), then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h2.20(f), such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h)the Borrowing Base Adjustment Provisions, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved by all of the Lenders or is approved or deemed to have been approved by the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative AgentAgents, the Letter of Credit Issuers Issuing Bank and the Lenders:. (i) in the case of a Scheduled Redetermination, (Aa) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April 1st or October 1st1st (or, in each case, such date promptly thereafter as reasonably practicable), as applicable, following such notice, or (Bb) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (fSection 8.13(c), (gSection 9.12(d), Section 9.12(e) or (hSection 9.12(f), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cSection 8.12(c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cSection 8.12(c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such notice Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g8.13(c) or (h)Section 9.12, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April or about June 1st or October 1stDecember 1st of each year, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h)the Borrowing Base Adjustment Provisions, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), or adjusted pursuant to Section 2.07(e), Section 8.13(c), Section 9.02(h) or Section 9.12(d), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a8.12(a) and (c) in a timely and complete manner, then on the April 1st May 1 or October 1stNovember 1, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim RedeterminationRedetermination or adjustment to the Borrowing Base under Section 2.07(e), Section 8.13(c), Section 9.02(h) or Section 9.12(d), on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base Base, as applicable, until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (fSection 8.13(c), (gSection 9.02(h) or (hSection 9.12(d), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination, Interim Redetermination or Interim Redetermination adjusted Borrowing Base shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A1) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) Section 8.12(c), in a timely and complete manner, then on the April May 1st or October 1stNovember 1st of each year, as applicable, following such noticenotice (or as soon as possible thereafter, pursuant to the procedures set forth in Section 2.07(c)(iii)), or (B2) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) Section 8.12(c), in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h)pursuant to the Borrowing Base Adjustment Provisions, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by the Borrowing Base Required Lenders or the Required Super-Majority Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount (or amounts, as applicable) shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative AgentAgents, the Letter of Credit Issuers each Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cSection 8.12(c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cSection 8.12(c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment adjustment, to the Borrowing Base extent applicable, under Section 2.14(e2.07(e), (fSection 8.13(c), (g) Section 9.12 or (h), Section 9.19 whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “"New Borrowing Base Notice”"), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April 1st or October 1st1st (or, in each case, such date promptly thereafter as reasonably practicable), as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (f), (gSection 2.07(f) or (hSection 8.13(c), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Revolving Credit Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii)2.06(c)(iii) or adjusted pursuant to the Borrowing Base Adjustment Provisions, the Administrative Agent shall promptly thereafter notify the Borrower and the Revolving Credit Lenders of the amount of the redetermined (or adjusted) Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Banks and the Revolving Credit Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cSection 8.12(c) in a timely and complete manner, then on the (x) April 1st 1, 2022 or October 1st(y) commencing November 1, 2022, May 1 or November 1 of each year as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cSection 8.12(c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim RedeterminationRedetermination or an adjustment to the Borrowing Base pursuant to the Borrowing Base Adjustment Provisions, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h)pursuant to the Borrowing Base Adjustment Provisions, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination, Interim Redetermination or Interim Redetermination adjusted Borrowing Base shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”)) of the amount of the redetermined Borrowing Base, and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers each Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such noticedelivery of the New Borrowing Base Notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such the New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such the New Borrowing Base Notice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next reduction or adjustment to the Borrowing Base Base, as applicable, under Section 2.14(e2.07(e), (f), (gSection 2.07(f) or (hSection 8.13(c), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after a redetermined Borrowing Base is approved or is deemed to have been approved by the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Banks and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a) and (c) in a timely and complete manner, on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”)) of the amount of the redetermined Borrowing Base, and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers each Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.11(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicableapplicable (or, in the case of the March 2018 Redetermination, on March 1, 2018), following such noticedelivery of the New Borrowing Base Notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.11(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such the New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such the New Borrowing Base Notice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next reduction or adjustment to the Borrowing Base Base, as applicable, under Section 2.14(e2.07(e), (f), (gSection 2.07(f) or (hSection 8.12(c), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base or Conforming Borrowing Base, as applicable, is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base or Conforming Borrowing Base, as applicable, (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base or Conforming Borrowing Base, as applicable, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April 1st 15th or October 1st15th, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding following delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base or Conforming Borrowing Base, as applicable, until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base or Conforming Borrowing Base, as applicable, under Section 2.14(e), (f), (g8.13(c) or (h)Section 9.12, whichever occurs first. I. Section 2.07(e)(i). Notwithstanding Section 2.07(e)(i) of the foregoingCredit Agreement is hereby amended by adding “or the Conforming Borrowing Base, no Scheduled Redetermination as applicable” in each of the third and ninth lines of Section 2.07(e)(i) following the words “Borrowing Base”. J. Section 2.07(e)(ii). Section 2.07(e)(ii) of the Credit Agreement is hereby amended by adding “or Interim Redetermination shall become effective until the New Conforming Borrowing Base Notice Base, as applicable” in each of the second and third lines of Section 2.07(e)(ii) following the words “Borrowing Base”. K. Section 2.07(e)(iii). Section 2.07(e)(iii) of the Credit Agreement is hereby amended by adding “or the Conforming Borrowing Base, as applicable” following the words “Borrowing Base”. L. Section 2.07(e)(iv). Section 2.07(e)(iv) of the Credit Agreement is hereby amended by adding “or the Conforming Borrowing Base, as applicable” following the words “Borrowing Base”. M. Section 8.01(a). Section 8.01(a) of the Credit Agreement is hereby amended in its entirety to read as follows: (a) Annual Financial Statements. As soon as available, but in any event not later than 120 days after the end of each fiscal year of the Parent Guarantor, its audited consolidated and consolidating balance sheets (with the Borrower as a discrete segment), the related thereto is received statements of operations, stockholders’ equity and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures for the previous fiscal year of both the Borrower and the Parent Guarantor, all reported on by P▇▇▇▇▇▇ & P▇▇▇▇▇▇ or other independent public accountants of recognized national standing (without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit) to the effect that such consolidated financial statements present fairly in all material respects the financial condition and results of operations of the Borrower, its Consolidated Subsidiaries and the Parent Guarantor on a consolidated and consolidating basis in accordance with GAAP consistently applied.” N. Section 8.01(b). Section 8.01(b) of the Credit Agreement is hereby amended in its entirety to read as follows:

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Revolving Credit Lenders or the Required Revolving Credit Lenders, as applicable, pursuant to Section 2.14(c)(iii2.08(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Revolving Credit Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Revolving Credit Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, applicable Scheduled Redetermination Date following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Effective Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g2.08(e) or (hSection 8.13(c), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Majority Borrowing Base Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower Borrowers and the Lenders of the amount of the redetermined Borrowing Base (the “"New Borrowing Base Notice”"), and such amount shall become the new Borrowing Base, effective and applicable to the BorrowerBorrowers, the Administrative AgentAgents, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower Borrowers pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower Borrowers pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g8.13(c) or (h)Section 9.12, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the BorrowerBorrowers.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after a redetermined Borrowing Base is approved or is deemed to have been approved by the Borrowing Base Required Lenders each Lender or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.14(c)(iv), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Banks and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a) and (c) in a timely and complete manner, on the April 1st 1 or October 1st1, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by delivered to the BorrowerBorrower in accordance with Section 13.2.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.11(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports Report required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.11(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g2.07(e) or (h)Section 9.11, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h2.07(e), after a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders (other than Defaulting Lenders) or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on May 1st and November 1st of each year, as applicable (or such later time as (x) the April 1st Borrower may agree upon request of the Administrative Agent or October 1st(y) the Required Lenders may agree upon the request of the Borrower), as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e)the Borrowing Base Adjustment Provisions, whichever occurs first; provided that within three (f)3) Business Days after delivery of the New Borrowing Base Notice for any redetermination of the Borrowing Base, (g) the Borrower may, by written notice to the Administrative Agent, elect to have the Borrowing Base be an amount lower than that determined by the Lenders until the next Scheduled Redetermination Date, the next Interim Redetermination Date or (h)the next adjustment to the Borrowing Base under the Borrowing Base Adjustment Provisions, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.11(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.11(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (fSection 2.07(f), (gSection 8.12(c) or (h)Section 9.11, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April May 1st or and October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g8.13(c) or (h)Section 9.12, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.11(a) and (c) in a timely and complete manner, then on the or about April 1st 1 or October 1st1, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.11(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (f), (gSection 8.12(c) or (hSection 9.11(d), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii)2.07(c)(iii) or adjusted pursuant to Section 2.07(e) or Section 9.11, the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cd) in a timely and complete manner, then on the or before October 1, 2017 and thereafter each April 1st 1 or October 1st1, as applicable, following such noticenotice (or, in each case, such date promptly thereafter as reasonably practicable), or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cd) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h)9.11, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination, Interim Redetermination or Interim Redetermination adjusted Borrowing Base shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by the Borrowing Base Required Lenders or the Required Super-majority Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “"New Borrowing Base Notice”"), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative AgentAgents, the Letter of Credit Issuers each Issuing Bank and the Lenders: (iA) in the case of a Scheduled Redetermination, (A1) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April May 1st or October November 1st, as applicable, applicable following such notice, or (B2) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (iiB) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g8.13(c) or (h)Section 9.13, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Decrease and Maintenance Lenders, as applicable, pursuant to Section 2.14(c)(iii)2.07(c)(iii) or adjusted pursuant to Section 9.11, the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cd) in a timely and complete manner, then on the or before October 1, 2017 and thereafter each April 1st 1 or October 1st1, as applicable, following such noticenotice (or, in each case, such date promptly thereafter as reasonably practicable), or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cd) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h)9.11, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination, Interim Redetermination or Interim Redetermination adjusted Borrowing Base shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after a redetermined Borrowing Base is approved or is deemed to have been approved by the Borrowing Base Required all Non-Defaulting Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Banks and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a) and (c) in a timely and complete manner, on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h2.14(i), such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h)) or Section 9.16, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the BorrowerBorrower in accordance with Section 13.2.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.08(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A1) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 5.11(a) and (c) in a timely and complete manner, then on the April or about May 1st or October 1stand November 1st of such year, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 5.11(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.08(f), (fSection 2.08(g), (g) or (h)Section 5.12, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount (or amounts, as applicable) shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A1) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a‎‎Section 8.12(a) and (c‎‎(c) in a timely and complete manner, then on the April November 1st or October May 1st, as applicable, following such noticeNew Borrowing Base Notice, or (B2) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a‎Section 8.12(a) and (c‎‎(c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g‎Section 8.13(c) or (h)Section 9.11, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Majority Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (fSection 2.07(f), (g) Section 8.13(c), Section 9.05(m)(ii), or (h)Section 9.12, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Conforming Borrowing Base is and Non-Conforming Borrowing Base, if applicable, are approved or is are deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Majority Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Conforming Borrowing Base and Non-Conforming Borrowing Base, if any (the “New Borrowing Base Notice”), and such amount amounts shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such amount Such amounts shall then become the Conforming Borrowing Base and Non-Conforming Borrowing Base, if applicable, until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (fSection 2.07(f), (g) Section 8.13(c), or (h)Section 9.12, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Revolving Credit Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii)2.06(c)(iii) or adjusted pursuant to the Borrowing Base Adjustment Provisions, the Administrative Agent shall promptly thereafter notify the Borrower and the Revolving Credit Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Banks and the Revolving Credit Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, on the April 1st then as of May 1 or October 1st, November 1 as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim RedeterminationRedetermination or an adjustment to the Borrowing Base pursuant to the Borrowing Base Adjustment Provisions, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h)pursuant to the Borrowing Base Adjustment Provisions, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination, Interim Redetermination or Interim Redetermination adjusted Borrowing Base shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Majority Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April May 1st or October November 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g8.13(c) or (h)Section 9.12, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Global Borrowing Base or U.S. Borrowing Base is approved or is deemed to have been approved by the Borrowing Base Required Lenders, the Required U.S. Lenders, the Super-majority Lenders or the Required Super-majority U.S. Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii) (and, in the case of an increase, the Parent), the Global Administrative Agent shall promptly thereafter notify the Borrower Parent, the Borrower, the Lenders and the U.S. Lenders of the amount of the redetermined Global Borrowing Base and the U.S. Borrowing Base (the “New Borrowing Base Notice”), and such amount amounts shall become the new Global Borrowing Base and U.S. Borrowing Base, effective and applicable to the Parent, the Borrower, the Administrative AgentAgents, the Letter of Credit Issuers each Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Global Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower Parent pursuant to Sections 9.14(aSection 8.11(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following date of such noticeNew Borrowing Base Notice, or (B) if the Global Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower Parent pursuant to Sections 9.14(aSection 8.11(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery the date of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery the date of such New Borrowing Base Notice. Subject to Section 2.14(h), such amount Such amounts shall then become the Global Borrowing Base and the U.S. Borrowing Base, as applicable, until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Global Borrowing Base and/or the U.S. Borrowing Base under Section 2.14(e8.12(c), (f), (gSection 9.02(n) or (h)Section 9.10, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the BorrowerParent.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by the Borrowing Base Required Lenders or the Required Super-Majority Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount (or amounts, as applicable) shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative AgentAgents, the Letter of Credit Issuers each Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment adjustment, to the Borrowing Base extent applicable, under Section 2.14(e2.07(e), (fSection 8.13(c), (g) Section 9.12 or (h), Section 9.19 whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on or about the April May 1st or October November 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g8.13(c) or (h)Section 9.12, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Revolving Credit Lenders or the Required Revolving Credit Lenders, as applicable, pursuant to Section 2.14(c)(iii)2.06(c)(iii) or adjusted pursuant to Section 10.11, the Administrative Agent shall promptly thereafter notify the Borrower and the Revolving Credit Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Revolving Credit Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 9.12(a) and (c) and the NPI Report required to be delivered by the Borrower pursuant to Section 9.17 in a timely and complete manner, on the April 1st then as of May 1 or October 1st, November 1 as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 9.12(a) and (c) or the NPI Report required to be delivered by the Borrower pursuant to Section 9.17 in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h)10.11, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination, Interim Redetermination or Interim Redetermination adjusted Borrowing Base shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is has been approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cSection 8.12(c) in a timely and complete manner, then on the April May 1st or October 1stand November 1st of such year (and on August 1, 2019), as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cSection 8.12(c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date Date, or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (f), (gSection 8.13(c) or (h)Section 8.20, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination, Interim Redetermination or Interim Redetermination adjusted Borrowing Base shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii) or adjusted pursuant to Section 2.07(e), Section 2.07(f), Section 8.12(c) or Section 9.12(d), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.11(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.11(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (fSection 2.07(f), (gSection 8.12(c) or (hSection 9.12(d), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination. Interim Redetermination or Interim Redetermination adjusted Borrowing Base shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Revolving Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.08(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Revolving Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”)) of the amount of the redetermined Borrowing Base, and such amount shall become the new Borrowing Base, Base effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers each Issuing Bank and the Revolving Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.07(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such noticedelivery of the New Borrowing Base Notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.07(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such the New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such the New Borrowing Base Notice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.08(e), (f), (g) Section 8.08 or (h)Section 9.13, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter (but in no event later than five (5) Business Days after such approval or deemed approval) notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), ) and such the amount of the Borrowing Base set forth therein shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Banks, and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.11(a) and (cSection 8.11(c) by the applicable date specified in a timely and complete mannerSection 8.11, then on the April first to occur of May 1st or October 1st, November 1st following delivery of the New Borrowing Base Notice (or promptly thereafter as applicable, following such noticereasonably practicable), or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.11(a) and (cSection 8.11(c) by the applicable date specified in a timely and complete mannerSection 8.11, then on the Business Day next succeeding delivery of such the New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such the New Borrowing Base Notice. Subject to Section 2.14(h), such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the on or about April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (f), (gSection 8.13(c) or (hSection 9.12(d), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h2.15(i), after a redetermined Borrowing Base is approved or is deemed to have been approved by the Borrowing Base Required unanimous agreement of the Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.15(c), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Agent and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a6.14(a) and (c) in a timely and complete manner, then on the April 1st 15th or October 1st, 15th as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a6.14(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h2.15(i), such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f2.15(f), (g) or and (h), ) whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.08(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”)) of the amount of the redetermined Borrowing Base, and such amount shall become the new Borrowing Base, Base effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers each Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.07(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such noticedelivery of the New Borrowing Base Notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.07(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such the New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such the New Borrowing Base Notice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date date or the next adjustment to the Borrowing Base under Section 2.14(e2.08(e), (f), (g) Section 8.08 or (h)Section 9.13, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h2.14(j), after a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2. 14(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a) and (c) in a timely and complete manner, then on the April 1st 15th or October 1st, 15th as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h2.14(j), such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or ), (h), (i) and (j) whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders (other than Defaulting Lenders) or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April February 1st or October 1stAugust 1st (or such later time as (x) the Borrower may agree upon request of the Administrative Agent or (y) the Majority Lenders may agree upon the request of the Borrower), as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h)the Borrowing Base Adjustment Provisions, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved by all of the Revolving Credit Lenders or is approved or deemed to have been be approved by the Borrowing Base Required Lenders or the Required Revolving Credit Lenders, as applicable, pursuant to Section 2.14(c)(iii‎Section 2.08(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Revolving Credit Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Revolving Credit Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a‎8.12(a) and (c‎(c) in a timely and complete manner, then on the April May 1st or October November 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a‎8.12(a) and (c‎(c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e‎Section 2.08(e), (f), (g‎Section 2.08(f) or (h‎Section 9.11(d), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after a redetermined Borrowing Base is approved or is deemed to have been approved by the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Banks and the Lenders: (i) in the case of a Scheduled Redetermination, on June 1, 2018, with respect to the first Scheduled Redetermination, and thereafter (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a) and (c) in a timely and complete manner, or on the April 1st 30th or October 1st31st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by the Borrowing Base Required Lenders or the Required all Lenders, as applicable, pursuant to Section 2.14(c)(iii2.4(c)(iii) or (iv), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount (or amounts, as applicable) shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative AgentAgents, the Letter of Credit Issuers each Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 5.14(a) and (c) in a timely and complete manner, then on the or around April 1st or October 1st, as applicable, following such noticenotice (or in the case of the first Scheduled Redetermination, on or around October 1, 2019), or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 5.14(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment adjustment, to the Borrowing Base extent applicable, under Section 2.14(e), (f2.4(f), (g) or (h), ) whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative AgentAgents, the Letter of Credit Issuers each Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a8.12(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e8.13(c), (fSection 9.02(f), (g) Section 9.12 or (h)Section 9.19, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base (and Conforming Borrowing Base) is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders (the “New Borrowing Base Notice”) of the amount of the redetermined Borrowing Base (the “New and Conforming Borrowing Base Notice”Base), and such amount shall become the new Borrowing Base (and new Conforming Borrowing Base), effective and applicable to the Borrower, the Administrative AgentAgents, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base (and the Conforming Borrowing Base) until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base (and the Conforming Borrowing Base) under Section 2.14(e8.13(c), (f), (gSection 8.13(d) or (hSection 9.11(d), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by the Borrowing Base Required Lenders or the Required all Lenders, as applicable, pursuant to Section 2.14(c)(iii2.4(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount (or amounts, as applicable) shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative AgentAgents, the Letter of Credit Issuers each Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 5.13(a) and (c) and, if applicable, a Hedging Cancellation Notice, in a timely and complete manner, then on the or around April 1st or October 1st, as applicable, following such noticenotice Scheduled Redetermination, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 5.13(a) and (c) ), if applicable, a Hedging Cancellation Notice, in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment adjustment, to the Borrowing Base extent applicable, under Section 2.14(e), (fSections 2.4(f), (g) ), or (h), ) whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Index Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.11(a) and (c) in a timely and complete manner, then on the April May 1st or October November 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.11(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (fSection 2.07(f), (gSection 8.12(c) or (h)Section 9.11, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Conforming Borrowing Base is and Non-Conforming Borrowing Base, if applicable, are approved or is are deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Majority Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Conforming Borrowing Base and Non-Conforming Borrowing Base, if any (the “New Borrowing Base Notice”), and such amount amounts shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such amount Such amounts shall then become the Conforming Borrowing Base and Non-Conforming Borrowing Base, if applicable, until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (fSection 8.13(c), (g) or (h)Section 9.12, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.”

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April 1st or October 1st1st (or with respect to the December 2022 Redetermination, on December 1, 2022) (or, in each case, such date promptly thereafter as reasonably practicable), as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (f), (gSection 2.07(f) or (hSection 8.13(c), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Majority Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (Aa) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April May 1st or October November 1st, as applicable, following such notice, or (Bb) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cb) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (fSection 2.07(f), (g) Section 8.13(c), Section 9.05(m)(ii), or (h)Section 9.12, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by the Borrowing Base Required Lenders or and all of the other Revolver Lenders and/or the Required Revolver Lenders, as applicable, pursuant to Section 2.14(c)(iii2.2(c), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Lender and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a) and (cSection 6.2(b) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a) and (c6.2(b) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) 6.12 or (h)Section 7.4, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a -------------------------------------------------- redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Majority Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “"New Borrowing Base -------------------- Notice”"), and such amount shall become the new Borrowing Base, effective and ------ applicable to the Borrower, the Administrative AgentAgents, the Letter of Credit Issuers Issuing Bank and the Lenders: (iA) in the case of a Scheduled Redetermination, (A1) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, on the then no later than April 1st 30 or October 1st31, as applicable, following such notice, or (B2) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (iiB) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e8.13(c), (f), (gSection 9.12(a) or (h)Section 9.13, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by the Borrowing Base Required Requisite Increase Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii) (and subject to Section 2.07(c)(iv)), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative AgentAgents, the Letter of Credit Issuers Issuing Bank and the Lenders:Lenders (subject to the provisions of Section 2.07(c)(iv)): (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April 1st or October 1st1st (or, in each case, such date promptly thereafter as reasonably practicable), as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (f), (gSection 8.13(c) or (hSection 9.12(d), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.09(c)(iii), and any dissenting Lenders are replaced pursuant to Section 2.09(c)(iv) and such replacement Lenders have approved or are deemed to have approved the redetermined Borrowing Base pursuant to Section 2.09(c)(iii), as applicable, the Administrative Agent shall promptly thereafter notify the Borrower Company and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the BorrowerCompany, the Administrative AgentAgents, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A1) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower Company pursuant to Sections 9.14(a) and (cSection 2.09(c)(i) in a timely and complete manner, on the April next succeeding March 1st or October September 1st, as applicable, following such notice, or (B2) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower Company pursuant to Sections 9.14(a) and (cSection 2.09(c)(i) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base NoticeBusiness Day; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New date that is sixteen (16) days after the Lenders have received the Proposed Borrowing Base Notice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g8.07(c) or (h)Section 9.15, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the BorrowerCompany.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h2.20(f), after a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders (other than Defaulting Lenders) or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.20(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base deliver a notice (the “New Borrowing Base Notice”), ) to the Borrower and the Lenders regarding the amount of the redetermined Borrowing Base and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Banks and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a5.15(a) and (c) in a timely and complete mannermanner and all of the Lenders or the Required Lenders, on as applicable, have approved or are deemed to have approved the Proposed Borrowing Base before April 1st or October 1st, as applicable, following pursuant to Section 2.20(c)(iii), then on the date specified in such noticeNew Borrowing Base Notice, which shall be on or before April 1st or October 1st of each year, as applicable (or such later time as (x) the Borrower may agree upon request of the Administrative Agent or (y) the Required Lenders may agree upon the request of the Borrower), or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a5.15(a) and (c) in a timely and complete manner, or if all of the Lenders or the Required Lenders, as applicable, have not approved or are deemed to have approved the Proposed Borrowing Base before April 1st or October 1st, as applicable, pursuant to Section 2.20(c)(iii), then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.860627.02-LACSR02A - MSW

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h2.07(e), after a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Revolving Lenders (other than Defaulting Lenders and Loan Party Affiliate Lenders) or the Revolving Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Revolving Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Revolving Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on or around March 1, 2022, October 3, 2022 and the first Business Day of April 1st and October of 2023 and each year thereafter, as applicable (or October 1stsuch later time as (x) the Borrower may agree upon request of the Administrative Agent or (y) the Revolving Required Lenders may agree upon the request of the Borrower), as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h)the Borrowing Base Adjustment Provisions, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base and Conforming Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Majority Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base and Conforming Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base and Conforming Borrowing Base, effective and applicable to the Borrower, the Administrative AgentAgents, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base and/or Conforming Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base and/or Conforming Borrowing Base under Section 2.14(e), (f), (g8.13(c) or (hSection 9.12(d), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii) or adjusted or redetermined pursuant to Section 2.07(e), Section 2.07(f), Section 2.07(g) or Section 8.12(c), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.11(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.11(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (fSection 2.07(f), (gSection 2.07(g) or (hSection 8.12(c), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination, Interim Redetermination or Interim Redetermination adjusted Borrowing Base shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h2.14(g), after a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Banks and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a9.13(a) and (c9.13(c) in a timely and complete manner, on the or around April 1st 1 or October 1st1, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a9.13(a) and (c9.13(c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h2.14(g), such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section Sections 2.14(e), (f2.14(f), (g2.14(g) or (h2.14(h), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii) or adjusted pursuant to Section 2.07(e) or (f), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April 1st or October 1st1st (or, in each case, such date promptly thereafter as reasonably practicable), as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (f), (gSection 2.07(f) or (hSection 8.13(c), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination Redetermination, Interim Redetermination, or Interim Redetermination adjusted Borrowing Base shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, on then by the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g2.07(e) or (h)Section 9.10, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers each Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A1) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a‎‎Section 8.12(a) and (c‎‎(c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B2) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a‎Section 8.12(a) and (c‎‎(c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g‎Section 8.13(c) or (h)Section 9.11, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Supermajority Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative AgentAgents, the Letter of Credit Issuers Issuing Bank and the Lenders: (iA) in the case of a Scheduled Redetermination, (A1) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, on the then no later than April 1st 1 or October 1st1, as applicable, following such notice, or (B2) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (iiB) in the case of an Interim Redetermination and a Special Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such notice. (C) Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date, the Special Houston 3921802v.12 Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e8.13(c), (fSection 9.02(k), (gSection 9.11(a) or (h)Section 9.12, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination, Interim Redetermination or Interim Special Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower Borrowers and the Lenders of the amount of the redetermined Borrowing Base (the “"New Borrowing Base Notice”"), and such amount shall become the new Borrowing Base, effective and applicable to the BorrowerBorrowers, the Administrative AgentAgents, the Letter of Credit Issuers each Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower Borrowers pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April May 1st or October November 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower Borrowers pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g8.13(c) or (h)Section 9.12, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the BorrowerBorrowers.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after a redetermined Borrowing Base is approved or is deemed to have been approved by the Borrowing Base Required Lenders each Lender or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.14(c)(iv), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Banks and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a) and (c) in a timely and complete manner, on the April 1st 1 or October 1st1, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date redetermination or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h), whichever occurs firstmodification thereof hereunder. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by delivered to the BorrowerBorrower in accordance with Section 13.2.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by the Borrowing Base Required Lenders or the Required Revolving Lenders, as applicable, pursuant to Section 2.14(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Revolving Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount amount, subject to Section 2.14(h), shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers and the Revolving Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a10.13(a) and (cb) in a timely and complete manner, on the April May 1st or October November 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a10.13(a) and (cb) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), ) and (g) or (h), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Revolving Lenders or the Required Revolving Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Revolving Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Banks and the Revolving Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.11(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.11(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (f), (gSection 2.07(f) or (h)Section 9.11, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.09(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower Company and the Lenders of the amount of the redetermined Borrowing Base (the “"New Borrowing Base Notice”"), and such amount shall become the new Borrowing Base, effective and applicable to the BorrowerCompany, the Administrative AgentAgents, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A1) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower Company pursuant to Sections 9.14(a) and (cSection 2.09(c)(i) in a timely and complete manner, on the April next succeeding March 1st or October September 1st, as applicable, following such notice, or (B2) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower Company pursuant to Sections 9.14(a) and (cSection 2.09(c)(i) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base NoticeBusiness Day; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New date that is sixteen (16) days after the Lenders have received the Proposed Borrowing Base Notice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h)9.15, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the BorrowerCompany.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders (other than Defaulting Lenders) or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the or about April 1st or October 1st1st of each year, as applicableapplicable (or such later time as (x) the Borrower may agree upon request of the Administrative Agent or (y) the Majority Lenders may agree upon the request of the Borrower), following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in c)in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h)the Borrowing Base Adjustment Provisions, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base (or prior to the Tranche B Termination Date, a redetermined Tranche A Portion) is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (and prior to the Tranche B Termination Date, the redetermined Tranche A Portion) (the “New Borrowing Base Notice”), and such amount (or amounts, as applicable) shall become the new Borrowing BaseBase (or prior to the Tranche B Termination Date, the new Tranche A Portion), effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A1) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a‎‎Section 8.12(a) and (c‎‎(c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B2) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a‎Section 8.12(a) and (c‎‎(c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base (or prior to the Tranche B Termination Date, the Tranche A Portion) until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g‎Section 8.13(c) or (h)Section 9.11, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Non-Defaulting Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April May 1st or October 1stNovember 1st (or, in each case, such date promptly thereafter as reasonably practicable), as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such 39 Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (f), (gSection 2.07(f) or (hSection 8.13(c), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders (other than Defaulting Lenders) or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (f), (gSection 8.13(c) or (hSection 9.12(d), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Administrative Agent and the Required Revolving Lenders, as applicable, pursuant to Section 2.14(c)(iii3.03(c), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: , (ia) in the case of a Scheduled Redetermination, (A1) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a) and (cSection 6.10(a) in a timely and complete manner, then on the or about April 1st or and October 1st1st of such year, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a) and (cSection 6.10(a) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and and (iib) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such notice.Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) 3.06 or (h)Section 6.12, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cSection 8.12(c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cSection 8.12(c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; andand76 (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h), such notice Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g8.13(c) or (h)Section 9.12, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by the Borrowing Base Required Lenders or the Required Super-majority Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative AgentAgents, the Letter of Credit Issuers each Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.11(a) and (c) in a timely and complete manner, then on the April May 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.11(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e8.12(c), (f), (gSection 9.02(i) or (h)Section 9.12, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g2.07(e) or (h)otherwise hereunder, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h2.14(g), after a redetermined Borrowing Base is approved or is deemed to have been approved by the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a9.13(a) and (cb) in a timely and complete manner, on the April 1st or and October 1st, as applicablerespectively, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a9.13(a) and (cb) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. Subject to Section 2.14(h2.14(g), such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g) or (h), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.21(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”"NEW BORROWING BASE NOTICE"), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Agent and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 5.16(a) and or (cb) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 5.16(a) and or (cb) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date pursuant to this Section 2.21(d) or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g5.17(c) or (hSection 6.05(b), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower. Notwithstanding anything in this Section 2.21 to the contrary, until a Successful Syndication has occurred, the Borrowing Base will not be redetermined except in the sole and absolute discretion of the Agent and Documentation Agent.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Majority Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cb) in a timely and complete manner, then on the April 1st or October 1st, as applicable, following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(aSection 8.12(a) and (cb) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e), (f), (g8.13(c) or (h)0, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.

Effectiveness of a Redetermined Borrowing Base. Subject to Section 2.14(h), after After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Borrowing Base Required Lenders or the Required Lenders, as applicable, pursuant to Section 2.14(c)(iii2.07(c)(iii), the Administrative Agent shall promptly thereafter notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Letter of Credit Issuers Issuing Bank and the Lenders: (i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a8.12(a) and (c) in a timely and complete manner, then on the April May 1st or October November 1st, as applicable, following such notice (or, in the case of the December 2019 Redetermination, on the December 2019 Redetermination Date, following such notice), or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Sections 9.14(a8.12(a) and (c) in a timely and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice; and (ii) in the case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Noticenotice. Subject to Section 2.14(h), such Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.14(e2.07(e), (fSection 2.07(f), (gSection 2.07(g) or (hSection 8.13(c), whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower.