Amendment for Increased Commitment

EX-10.(C) 2 d43971exv10wxcy.htm AMENDMENT FOR INCREASED COMMITMENT exv10wxcy
 

Exhibit 10(c)
AMENDMENT FOR INCREASED COMMITMENT
     THIS AMENDMENT FOR INCREASED COMMITMENT (this “Amendment”) is made as of the 22nd day of December, 2006, by and among Denbury Onshore, LLC, a Delaware limited liability company (“Borrower”), JPMorgan Chase Bank, N.A., as Administrative Agent under the Credit Agreement (as defined below) (“Administrative Agent”), and the Banks party hereto (“Supplemental Banks”).
     Borrower, Administrative Agent and certain other Banks and Agents, as described and defined in the Credit Agreement, are parties to that certain Fifth Amended and Restated Credit Agreement dated as of September 14, 2006 (as amended, supplemented, or restated, the “Credit Agreement”). All terms used herein and not otherwise defined shall have the same meaning given to them in the Credit Agreement.
     Pursuant to Section 15.10(f) of the Credit Agreement, Borrower has the right to increase the Total Commitment by obtaining additional or increased Commitments upon satisfaction of certain conditions. This Amendment requires only the signature of Borrower, Administrative Agent and Supplemental Banks so long as the Total Commitment is not increased above the amount permitted by the Credit Agreement.
     Each Supplemental Bank is an existing Bank which is increasing its Commitment.
     In consideration of the foregoing, each such Supplemental Bank, from and after the date hereof, shall have a Commitment in the amount set forth on Schedule 1 attached hereto.
     IN WITNESS WHEREOF, Administrative Agent, Borrower and Supplemental Banks have executed this Amendment as of the date shown above.
(Remainder of Page Intentionally Left Blank)

 


 

             
    BORROWER    
 
           
    DENBURY ONSHORE, LLC, a Delaware
limited liability company
   
 
           
 
  By:   /s/ Phil Rykhoek    
 
           
 
      Phil Rykhoek, Senior Vice President
and Chief Financial Officer
   
[Signature Page to Amendment For Increased Commitment]

 


 

             
    ADMINISTRATIVE AGENT:    
 
           
    JPMORGAN CHASE BANK, N.A., as
Administrative Agent
   
 
           
 
  By:   /s/ Stephen Lescher    
 
           
 
  Name:   Stephen Lescher    
 
  Title:   Senior Vice President    
 
           
    SUPPLEMENTAL BANKS:    
 
           
    JPMORGAN CHASE BANK, N.A.    
 
           
 
  By:   /s/ Stephen Lescher    
 
           
 
  Name:   Stephen Lescher    
 
  Title:   Senior Vice President    
[Signature Page to Amendment For Increased Commitment]

 


 

             
    SUPPLEMENTAL BANKS:    
 
           
    FORTIS CAPITAL CORP.    
 
           
 
  By:   /s/ David Montgomery    
 
           
 
  Name:   David Montgomery    
 
  Title:   Senior Vice President    
 
           
 
  By:   /s/ Darrell Holley    
 
           
 
  Name:   Darrell Holley    
 
  Title:   Managing Director    
[Signature Page to Amendment For Increased Commitment]

 


 

             
    SUPPLEMENTAL BANKS:    
 
           
    CALYON NEW YORK BRANCH    
 
           
 
  By:   /s/ Page Dillehunt    
 
           
 
  Name:   Page Dillehunt    
 
  Title:   Managing Director    
 
           
 
  By:   /s/ Mike Willis    
 
           
 
  Name:   Mike Willis    
 
  Title:   Director    
[Signature Page to Amendment For Increased Commitment]

 


 

             
    SUPPLEMENTAL BANKS:    
 
           
    COMERICA BANK    
 
           
 
  By:   /s/ Peter L. Sefzik    
 
           
 
  Name:   Peter L. Sefzik    
 
  Title:   Vice President    
[Signature Page to Amendment For Increased Commitment]

 


 

             
    SUPPLEMENTAL BANKS:    
 
           
    UNION BANK OF CALIFORNIA, N.A.    
 
           
 
  By:   /s/ Sean Murchpy    
 
           
 
  Name:   Sean Murphy    
 
  Title:   Vice President    
 
           
 
  By:   /s/ Alison Fuqua    
 
           
 
  Name:   Alison Fuqua    
 
  Title:   Investment Banking Officer    
[Signature Page to Amendment For Increased Commitment]

 


 

             
    SUPPLEMENTAL BANKS:    
 
           
    WELLS FARGO BANK, N.A.    
 
           
 
  By:   /s/ Jason Hicks    
 
           
 
  Name:   Jason Hicks    
 
  Title:   Portfolio Manager    
[Signature Page to Amendment For Increased Commitment]

 


 

             
    SUPPLEMENTAL BANKS:    
 
           
    BANK OF AMERICA, N.A.    
 
           
 
  By:   /s/ Jeffrey H. Rathkamp    
 
           
 
  Name:   Jeffrey H. Rathkamp    
 
  Title:   Managing Director    
[Signature Page to Amendment For Increased Commitment]

 


 

             
    SUPPLEMENTAL BANKS:    
 
           
    BANK OF SCOTLAND    
 
           
 
  By:   /s/ Karen Weich    
 
           
 
  Name:   Karen Weich    
 
  Title:   Vice President    
[Signature Page to Amendment For Increased Commitment]

 


 

             
    SUPPLEMENTAL BANKS:    
 
           
    COMPASS BANK    
 
           
 
  By:   /s/ Dorothy Marchand    
 
           
 
  Name:   Dorothy Marchand    
 
  Title:   Senior Vice President    
[Signature Page to Amendment For Increased Commitment]

 


 

SCHEDULE 1
Commitments
                 
    Total    
Banks   Commitment Amount   Commitment Percentage
JPMorgan Chase Bank, N.A.
  $ 30,000,000.00       12.00 %
Calyon New York Branch
  $ 30,000,000.00       12.00 %
Fortis Capital Corp.
  $ 30,000,000.00       12.00 %
Union Bank of California, N.A.
  $ 30,000,000.00       12.00 %
Comerica Bank
  $ 30,000,000.00       12.00 %
Bank of America, N.A.
  $ 25,000,000.00       10.00 %
Wells Fargo Bank, N.A.
  $ 25,000,000.00       10.00 %
Bank of Scotland
  $ 25,000,000.00       10.00 %
Compass Bank
  $ 25,000,000.00       10.00 %
Totals:
  $ 250,000,000.00       100.00 %
 Schedule 1 – 1