Borrowing Base Definition Example with 4 Variations

This page contains an example definition of Borrowing Base, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Borrowing Base. Means at any time an amount equal to the amount determined in accordance with Section 2.07, as the same may be adjusted from time to time pursuant to Section 9.11. As of the Third Amendment Effective Date, the Borrowing Base shall be $1,600,000,000.

Variations

Borrowing Base. Means means at any time an amount equal to the amount determined in accordance with Section 2.07, as the same may be adjusted from time to time pursuant to Section 9.11. As of the Third First Amendment Effective Date, the Borrowing Base shall be $1,600,000,000. $1,450,000,000.
Borrowing Base. Means means at any time an amount equal to the amount determined in accordance with Section 2.07, as the same may be adjusted from time to time pursuant to Section 9.11. As of the Third Fifth Amendment Effective Date, the Borrowing Base shall be $1,600,000,000. $200,000,000.
Borrowing Base. Means means at any time an amount equal to the amount determined in accordance with Section 2.07, as the same may be adjusted from time to time pursuant to Section 9.11. As of the Third First Amendment Effective Date, the Borrowing Base shall be $1,600,000,000. $550,000,000.
Borrowing Base. Means means at any time an amount equal to the amount determined in accordance with Section 2.07, as the same may be adjusted from time to time pursuant to Section 9.11. As of the Third Fourth Amendment Effective Date, the Borrowing Base shall be $1,600,000,000. $650,000,000.
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