Scheduled Borrowing Base Determinations. At all times prior to the Termination Date the Effective Amount shall not exceed the Borrowing Base then in effect. From and after the Effective Date, the initial Borrowing Base hereunder shall be $90,000,000.00, until redetermined pursuant to the terms of this Section 2.
Appears in 2 contracts
Sources: Credit Agreement (BreitBurn Energy Partners L.P.), Credit Agreement (BreitBurn Energy Partners L.P.)
Scheduled Borrowing Base Determinations. At all times prior to the Termination Date the Effective Amount shall not exceed the Borrowing Base then in effect. From Subject to Section 8.05(e)(ii), from and after the Effective Date, the initial Borrowing Base hereunder shall be $90,000,000.002,500,000,000.00, until redetermined pursuant to the terms of this Section 2.
Appears in 1 contract
Scheduled Borrowing Base Determinations. At all times prior to the Termination Date the Effective Amount shall not exceed the Borrowing Base then in effect. From and after the First Amendment Effective DateDate (which is deemed to be the Scheduled Borrowing Base Determination Date for April 1, 2015), the initial Borrowing Base hereunder shall be $90,000,000.001,800,000,000.00, until redetermined pursuant to the terms of this Section 2.2.05 or adjusted pursuant to Section 8.02(e)(ii)(z) or Section 8.10(d)(ii)
Appears in 1 contract