Reasonably Forecasted Volumes
Reasonably Forecasted Volumes. Means, for any period, the volume of Hydrocarbons reasonably anticipated to be produced from the Borrower's Oil and Gas Properties during such period, as determined by the Borrower in conformity with the guidelines in effect from time to time as promulgated by the Society of Petroleum Engineers or its successor association and otherwise pursuant to methodology acceptable to the Administrative Agent in its sole discretion.
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BRIGHAM EXPLORATION CO contract