Scheduled Borrowing Base Determinations. At all times prior to the Termination Date the Company shall not permit the Effective Amount to exceed the Borrowing Base then in effect. The initial Borrowing Base hereunder shall be $125,000,000 (the “Initial Borrowing Base”).
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Sources: Credit Agreement (Venoco, Inc.)
Scheduled Borrowing Base Determinations. At all times prior to the Termination Date the Company shall not permit the Effective Amount to exceed the Borrowing Base then in effect. The initial Borrowing Base hereunder shall be $125,000,000 200,000,000 (the “"Initial Borrowing Base”").
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Sources: Credit Agreement (Venoco, Inc.)
Scheduled Borrowing Base Determinations. At all times prior to the Termination Date the Company shall not permit the Effective Amount to exceed the Borrowing Base then in effecteffect and shall, in accordance with Section 2.7(f), cure any Deficiency. The initial Borrowing Base hereunder shall be $125,000,000 60,000,000 (the “Initial Borrowing Base”).
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Scheduled Borrowing Base Determinations. At all times prior to the Termination Date the Company shall not permit the Effective Amount to exceed the Borrowing Base then in effecteffect and shall, in accordance with Section 2.7(f), cure any Deficiency. The initial Initial Borrowing Base hereunder shall be $125,000,000 50,000,000 (the “"Initial Borrowing Base”")."
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