Amendment for Increased Commitment to 5th Amended and Restated Credit Agreement

EX-10.(E) 3 d33594exv10wxey.htm AMENDMENT FOR INCREASED COMMITMENT TO 5TH AMENDED AND RESTATED CREDIT AGREEMENT exv10wxey

EXHIBIT 10(e)

AMENDMENT FOR INCREASED COMMITMENT

THIS AMENDMENT FOR INCREASED COMMITMENT (this “Amendment”) is made as of the 11th day of January, 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 1, 2004 (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 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.

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		BORROWER

		DENBURY ONSHORE, LLC, a Delaware limited liability company

		By:		/s/ Phil Rykhoek

				Phil Rykhoek, Senior Vice President and Chief Financial Officer