Scheduled Redetermination. Not less than 30 days prior to each Scheduled Redetermination Date, Borrower shall furnish to Agent and the Lenders a Reserve Report. The March 1 Reserve Report of each year shall be prepared by certified independent petroleum engineers or other independent petroleum consultant(s) reasonably acceptable to Agent and the September 1 Reserve Report of each year shall be prepared by or under the supervision of the chief engineer of Borrower who shall certify such Reserve Report to be true and accurate and to have been prepared in accordance with the procedures used in the immediately preceding March 1 Reserve Report.
Appears in 3 contracts
Sources: Credit Agreement (Earthstone Energy Inc), Credit Agreement (Earthstone Energy Inc), Credit Agreement (Earthstone Energy Inc)