Common use of Reaffirmation of Borrowing Base Clause in Contracts

Reaffirmation of Borrowing Base. The Borrowing Base as of the Fourteenth Amendment Effective Date shall be reaffirmed at $1,400,000,000. This reaffirmation shall constitute the periodic determination scheduled to occur as of April 1, 2019 under Section 4.02 of the Credit Agreement, and the Borrowing Base as reaffirmed shall remain in effect until next redetermined pursuant to the terms of the Credit Agreement.

Appears in 1 contract

Sources: Credit Agreement (Gulfport Energy Corp)

Reaffirmation of Borrowing Base. The Borrowing Base as of the Fourteenth Thirteenth Amendment Effective Date shall be reaffirmed at $1,400,000,000. This reaffirmation shall constitute the periodic determination scheduled to occur as of April October 1, 2019 2018 under Section 4.02 of the Credit Agreement, and the Borrowing Base as reaffirmed shall remain in effect until next redetermined pursuant to the terms of the Credit Agreement.

Appears in 1 contract

Sources: Credit Agreement (Gulfport Energy Corp)