Common use of Increase in Borrowing Base Clause in Contracts

Increase in Borrowing Base. The Borrowing Base shall, effective as of the Effective Date, be increased from $65,000,000.00 to $70,000,000.00. Such new Borrowing Base shall remain in effect at that level until the Borrowing Base is redetermined in accordance with the terms of the Credit Agreement.

Appears in 1 contract

Sources: Credit Agreement (Edge Petroleum Corp)

Increase in Borrowing Base. The Borrowing Base shall, effective as of the Effective Date, be increased from $65,000,000.00 26,500,000 to $70,000,000.0032,000,000 and the monthly reduction amount shall be $0. Such new Borrowing Base and monthly reduction amount shall remain in effect at that level those levels until the Borrowing Base is redetermined in accordance with the terms of the Credit Agreement.

Appears in 1 contract

Sources: Credit Agreement (Edge Petroleum Corp)

Increase in Borrowing Base. The Borrowing Base shall, effective as of the Effective DateDate and subject to the terms herein, be increased from $65,000,000.00 70,000,000.00 to $70,000,000.00110,000,000.00. Such new Borrowing Base shall remain in effect at that level until the Borrowing Base is redetermined in accordance with the terms of the Credit Agreement.

Appears in 1 contract

Sources: Credit Agreement (Edge Petroleum Corp)

Increase in Borrowing Base. The Borrowing Base shall, effective as of the Amendment Effective Date, be increased from $65,000,000.00 18,000,000 to $70,000,000.00. Such new Borrowing Base 19,000,000 and shall remain in effect at that level until the Borrowing Base is redetermined in accordance with the terms of the Credit Agreement.

Appears in 1 contract

Sources: Credit Agreement (Edge Petroleum Corp)

Increase in Borrowing Base. The Borrowing Base shall, effective as of the Amendment Effective Date, be increased from $65,000,000.00 25,000,000 to $70,000,000.00. Such new Borrowing Base 26,500,000 and shall remain in effect at that level until the Borrowing Base is redetermined in accordance with the terms of the Credit Agreement.

Appears in 1 contract

Sources: Credit Agreement (Edge Petroleum Corp)

Increase in Borrowing Base. The Borrowing Base shall, effective as of the Amendment Effective Date, be increased from $65,000,000.00 19,000,000 to $70,000,000.00. Such new Borrowing Base 25,000,000 and shall remain in effect at that level until the Borrowing Base is redetermined in accordance with the terms of the Credit Agreement.

Appears in 1 contract

Sources: Credit Agreement (Edge Petroleum Corp)