Redetermination of the Borrowing Base. The Lenders hereby confirm and agree that as of the date hereof the Borrowing Base has been determined to be Cdn.$350,000,000, and that the foregoing shall constitute the November 30, 2022 Borrowing Base determination for the purposes of Section 2.23(2) of the Credit Agreement.
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Sources: Consent and Second Amending Agreement (Hammerhead Energy Inc.), Consent and Second Amending Agreement (Hammerhead Energy Inc.)
Redetermination of the Borrowing Base. The Lenders hereby confirm and agree that as of the date hereof the Borrowing Base has been determined to be Cdn.$350,000,000, Cdn.$450,000,000 and that the foregoing shall constitute the November 30, 2022 2023 Borrowing Base determination redetermination for the purposes of Section 2.23(22.23(2)(a) of the Credit Agreement.
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