REVOLVING BORROWING BASE AMOUNT

REVOLVING BORROWING BASE AMOUNT. At any time, an amount equal to the Borrowing Base (as defined in the Revolving Credit Agreement and as determined by the Revolving Agent from time to time); PROVIDED that the Borrowing Base shall be calculated without giving effect to (a) any amendments or modifications to the definition of "Borrowing Base", or any of the component definitions thereof after the Closing Date, (b) any increase in the percentage advance rates under the Revolving Credit Agreement above the rates in... effect on the Closing Date, or (c) any release in whole or in part of, or decrease in, the Availability Reserve after the Closing Date, in the case of (a), (b) and (c), in a manner which would result in a greater amount of credit being provided to the Borrower as an advance against the Borrowing Base as in effect on the Closing Date; PROVIDED, HOWEVER, the Revolving Credit Agent's discretion to reduce advance rates, establish and release reserves (other than the Availability Reserve) and to determine eligibility pursuant to the Revolving Credit Agreement shall not be limited. View More