Common use of Fields as Borrowing Base Assets Clause in Contracts

Fields as Borrowing Base Assets. Without prejudice to Clause 5.1 (General Rules), each of the Daan Field, the Miao 3 Field and the Moliqing Field are, to the extent of the allocation entitlement of the Borrower under the relevant PSC (and without prejudice to the rights and interests of PetroChina thereunder), Borrowing Base Assets as at the date of this Agreement.

Appears in 2 contracts

Sources: Borrowing Base Facility Agreement (MIE Holdings Corp), Shares Purchase Agreement (MIE Holdings Corp)