Borrowing Base Redetermination

Borrowing Base Redetermination. In reliance on the representations, warranties, covenants and agreements contained in this Fifth Amendment, the Administrative Agent and the Lenders constituting at least the Required Lenders hereby agree that, effective as of the Fifth Amendment Effective Date, the Borrowing Base shall be reaffirmed at $200,000,000, and the Borrowing Base shall remain at $200,000,000 until the next Scheduled Redetermination, Interim Redetermination or other adjustment of the Borrowing Base thereafter,... whichever occurs first pursuant to the terms of the Credit Agreement. View More