Increase in the Borrowing Base. Subject to the terms of this Agreement, the Lenders, the Borrower, the Administrative Agent and the Issuing Lender hereby agree that as of the Effective Date, the Borrowing Base shall be $600,000,000 and such Borrowing Base shall remain in effect at that level until the Borrowing Base is redetermined or reduced in accordance with the Credit Agreement, as amended hereby.
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Increase in the Borrowing Base. Subject to the terms of this Agreement, the Lenders, the Borrower, the Administrative Agent Lenders and the Issuing Lender Borrower hereby agree that as of the Effective Date, Date the Borrowing Base shall be $600,000,000 55,000,000 and such Borrowing Base shall remain in effect at that level until the Borrowing Base is redetermined or reduced in accordance with the Credit Agreement, as amended hereby.
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Sources: Amendment No. 2, Assignment and Agreement (Cano Petroleum, Inc)
Increase in the Borrowing Base. Subject to the terms of this Agreement, the Lenders, the Borrower, the Administrative Agent and the Issuing Lender hereby agree that as of the Effective Date, the Borrowing Base shall be increased from $600,000,000 490,000,000 to $500,000,000 and such Borrowing Base shall remain in effect at that level until the effective date of the next Borrowing Base is redetermined or reduced redetermination made in accordance with the terms of the Credit Agreement, as amended hereby.. The parties hereto acknowledge and agree that the Borrowing Base redetermination set forth in this Section 6 shall be deemed to be the Scheduled Redetermination scheduled for May 1, 2013 as provided in Section 2.07 of the Credit
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