Common use of Initial Borrowing Base Clause in Contracts

Initial Borrowing Base. Notwithstanding anything to the contrary contained herein, the Borrowing Base in effect during the period commencing on the Closing Date and ending on the effective date of the first Redetermination after the Closing Date shall be the Initial Borrowing Base.

Appears in 12 contracts

Sources: Credit Agreement (Credo Petroleum Corp), Credit Agreement (Earthstone Energy Inc), Credit Agreement (Whiting Petroleum Corp)

Initial Borrowing Base. Notwithstanding anything contained ---------------------- herein to the contrary contained hereincontrary, the Borrowing Base in effect during the period commencing on from the Closing Date and ending on until the effective date of the first Redetermination Special or Periodic Determination after the Closing Date shall be the Initial Borrowing Base.

Appears in 2 contracts

Sources: Credit Agreement (Patina Oil & Gas Corp), Credit Agreement (Patina Oil & Gas Corp)

Initial Borrowing Base. Notwithstanding anything contained herein to the contrary contained hereincontrary, the Borrowing Base in effect during the period commencing on from the Closing Date and ending on until the effective date of the first Redetermination Determination after the Closing Date shall be the Initial Borrowing Base.

Appears in 1 contract

Sources: Credit Agreement (Prize Energy Corp)

Initial Borrowing Base. Notwithstanding anything to the ---------------------- contrary contained herein, the Borrowing Base in effect during the period commencing on the Closing Date and ending on the effective date of the first Redetermination after the Closing Date shall be the Initial Borrowing Base.

Appears in 1 contract

Sources: Credit Agreement (Quicksilver Resources Inc)

Initial Borrowing Base. Notwithstanding anything to the contrary contained herein, the Borrowing Base in effect during the period commencing on the Closing Date and ending on the effective date of the first Redetermination after the Closing Date shall be the Initial Borrowing Base, subject to adjustment pursuant to Section 2.13, Section 8.4(d) and/or Section 9.5.

Appears in 1 contract

Sources: Credit Agreement (Denbury Resources Inc)

Initial Borrowing Base. Notwithstanding anything contained herein to the contrary contained hereincontrary, the Borrowing Base in effect during the period commencing on from the Closing Date and ending on until the effective date of the first Redetermination Special or Periodic Determination after the Closing Date shall be the Initial Borrowing Base.

Appears in 1 contract

Sources: Credit Agreement (Patina Oil & Gas Corp)