February 2013 Interim Borrowing Base Redetermination Effectiveness Memo between Wells Fargo Bank and Solana Resources Ltd.
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Summary
Wells Fargo Bank, as Administrative Agent, notifies Solana Resources Ltd that the borrowing base under their July 30, 2010 Credit Agreement has been increased to $100 million, effective February 15, 2013. This new borrowing base will remain in effect until the next scheduled redetermination. The entire allocation is provided by Wells Fargo Bank.
EX-10.74 9 gte-20121231xex1074.htm EXHIBIT 10.74 GTE - 2012.12.31 - EX 10.74
Exhibit 10.74
Date: February 15, 2013
To: Solana Resources Ltd
From: Wells Fargo Bank NA
Subject: February 2013 Interim Borrowing Base Redetermination – Effectiveness Memo
Pursuant to Section 2.07 of the Credit Agreement dated July 30, 2010 for Solana Resources Ltd (“Solana”), the Administrative Agent hereby provides notice that the Borrowing Base amount for Solana has been increased to $100,000,000 and is now effective (as of February 15, 2013) until the next scheduled borrowing base redetermination.
Final allocations are as follows:
Gran Tierra Energy Lender Allocations
Total Allocation
Lender | $ | % | ||
Wells Fargo Bank | $100,000,000.00 | 100.00% | ||
Total | $100,000,000.00 | 100.00% | ||
