Increase in Borrowing Base. The Lenders and the Borrower hereby agree that as of the Effective Date the Borrowing Base shall be $170,000,000 and such Borrowing Base shall remain in effect until the Borrowing Base is redetermined in accordance with the Credit Agreement.
Appears in 2 contracts
Sources: Credit Agreement (Mariner Energy Inc), Credit Agreement (Mariner Energy Resources, Inc.)
Increase in Borrowing Base. The After giving effect to the Assignment and subject to the terms of this Agreement, the Assignee Lenders and the Borrower hereby agree that as of the Effective Date the Borrowing Base shall be $170,000,000 135,000,000 and such Borrowing Base shall remain in effect until the Borrowing Base is redetermined in accordance with the Credit Agreement.
Appears in 2 contracts
Sources: Amendment No. 1 and Assignment Agreement (Mariner Energy Inc), Amendment No. 1 and Assignment Agreement (Mariner Energy Resources, Inc.)