Common use of Redetermined Borrowing Base Clause in Contracts

Redetermined Borrowing Base. Pursuant to Section 3.03 of the Credit Agreement, the Borrower has requested a Special Redetermination of the Borrowing Base to increase the Borrowing Base as provided herein. This Amendment shall constitute notice of such Special Redetermination of the Borrowing Base pursuant to Section 3.04 of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrower and the Guarantors hereby acknowledge that effective as of the date of this Amendment, the Borrowing Base shall be increased to $525,000,000 and such redetermined Borrowing Base shall remain in effect until the earlier of (a) the next Redetermination of the Borrowing Base or (b) the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement.

Redetermined Borrowing Base. Pursuant to Section 3.03 2.09(b) of the Credit Agreement, the Borrower has requested a Special an Interim Redetermination of the Borrowing Base to increase the Borrowing Base as provided herein. This Amendment shall constitute notice of such Special Interim Redetermination of the Borrowing Base pursuant to Section 3.04 2.09(d) of the Credit Agreement, and the Administrative Agent, the Lenders, the Borrower and the Guarantors other Loan Parties hereby acknowledge that effective as of the date of this AmendmentFirst Amendment Effective Date, the Borrowing Base shall be increased to $525,000,000 470,000,000, and such redetermined Borrowing Base shall remain in effect until the earlier of (a) the next Redetermination of the Borrowing Base or (b) the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement.