Notice of Commitment Increase

EX-4.1 2 h41439exv4w1.htm NOTICE OF COMMITMENT INCREASE exv4w1
 

Exhibit 4.1
November 13, 2006
JPMorgan Chase Bank, N.A.
1111 Fannin Street, 10th Floor
Houston, Texas, 77002
Ladies and Gentlemen:
     The undersigned, Weatherford International Ltd. (“WIL”), refers to the Second Amended and Restated Credit Agreement dated as of May 2, 2006 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among WIL, Weatherford Liquidity Management Hungary Limited Liability Company, Weatherford International, Inc., JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders party thereto. Capitalized terms used but not otherwise defined herein shall have the meanings specified therefor in the Credit Agreement.
     WIL hereby notifies you, pursuant to Section 2.15 of the Credit Agreement, that (a) it hereby requests that the aggregate amount of the Commitments under the Credit Agreement be increased and (b) the CI Lenders agree to provide Commitments under the Credit Agreement. Set forth below is the information relating to such proposed Commitment Increase as required by Section 2.15(b) of the Credit Agreement:
  (i)   the proposed effective date of such increase of aggregate amount of the Lenders’ Commitments is November 14, 2006, and such date is not the last day of the Interest Period applicable to each outstanding Eurocurrency Loan (by their execution of this Notice, the Lenders waive the five (5) Business Day notice period set forth in Section 2.15(b)(i) of the Credit Agreement);
 
  (ii)   the aggregate amount of the requested increase of the Commitments is $750,000,000;
 
  (iii)   the CI Lenders that have agreed with WIL to provide their respective Commitments are [not applicable];
 
  (iv)   the Lenders that have agreed with WIL to increase their respective Commitments are the Lenders identified on Annex I attached hereto with an asterisk; and
 
  (v)   set forth on Annex I attached hereto is the amount of the respective Commitments of all Lenders (including, without limitation, the CI Lenders) as of effective date of such Commitment Increase and after giving effect thereto.
     Delivery of an executed counterpart of this Notice of Commitment Increase by telecopier shall be effective as delivery of an original executed counterpart hereof.

 


 

Very truly yours,
WEATHERFORD INTERNATIONAL LTD.
By: /s/ Andrew P. Becnel
Name: Andrew P. Becnel
Title: Senior Vice President
Approved and Consented to by:
JPMORGAN CHASE BANK, N.A.,
as Administrative Agent and Issuing Bank
By:/s/ Robert W. Traband
Name: Robert W. Traband
Title: Vice President
CI LENDERS:
[Not applicable]
LENDERS INCREASING COMMITMENTS:
[Signatures begin on following page]

 


 

LENDERS:
JPMORGAN CHASE BANK, N.A.
By:   /s/Robert W. Traband
Name: Robert W. Traband
Title:   Vice President
Notice Information:
1111 Fannin, 10th Floor
Houston, Texas 77002
Telephone:    ###-###-####
Telecopy:    ###-###-####
With a copy to:
600 Travis, 20th Floor
Houston, Texas 77002
Telephone:    (713 ###-###-####
Telecopy:    (713 ###-###-####

 


 

CALYON NEW YORK BRANCH
By:   /s/ Dennis E. Petito
Name: Dennis E. Petito
Title:   Managing Director
By:    /s/ Tom Byargeon
Name: Tom Byargeon
Title:    Managing Director
Notice Information:
1301 Avenue of the Americas
New York, New York 10019
Attention:    Gener David
Telephone:    (212)  ###-###-####
Telecopier:    (917)  ###-###-####

 


 

THE ROYAL BANK OF SCOTLAND plc
By:    /s/ Matthew J. Main
Name: Matthew J. Main
Title:    Managing Director
Notice Information:
600 Travis St., Suite 6500
Houston, Texas 77002
Attention:    Stuart Gibson
Telephone:    (713)  ###-###-####
Telecopy:    (713)  ###-###-####

 


 

WELLS FARGO BANK, N.A.
By:    /s/ C. David Allman
Name: C. David Allman
Title:    Vice President
Notice Information:
1000 Louisiana, 9th Floor
Mail Code: T5002-090
Houston, Texas 77002
Telephone:    (713)  ###-###-####
Telecopy: c ***@***

 


 

ABN AMRO BANK N.V.
By:    /s/ Lizabeth Lary
Name: Lizabeth Lary
Title: Vice President
By:    /s/ Todd D. Vaubel
Name: Todd D. Vaubel
Title:    Assistant Vice President
         
 
  Notice Information:    
 
       
 
  4400 Post Oak Parkway, Suite 1500    
 
  Houston, Texas 77027    
 
  Attention:    Liz Lary    
 
  Telephone    (832)  ###-###-####    
 
  Telecopy:    (832)  ###-###-####    
 
       
 
  With a copy to:    
 
       
 
  540 West Madison Street, 26th Floor    
 
  Chicago, Illinois 60661-2591    
 
  Attention:    Kenneth Keck    
 
  Telephone:    (312)  ###-###-####    
 
  Telecopy:    (312)  ###-###-####    

 


 

BANK OF AMERICA, N.A.
By:    /s/ Zewditu Menelik
Name: Zewditu Menelik
Title:    Vice President
Notice Information:
901 Main Street
Dallas, Texas 75202
Telephone: (214)  ###-###-####
Telcopier: (214)  ###-###-####
Attention: Stephen Keilers / Thelma L. Johnson

 


 

THE BANK OF TOKYO-MITSUBISHI
UFJ, LTD., HOUSTON AGENCY
By:    /s/ K. Glasscock
Name:    K. Glasscock
Title:    Vice President & Manager
By:  /s/ J. Fort
Name: J. Fort
Title: Vice President
Notice Information:
1100 Louisiana, Suite 2800
Houston, Texas 77002
Attention:    Jay Fort
Telephone:    (713)  ###-###-####
Telecopy:    (713)  ###-###-####

 


 

BAYERISCHE HYPO- UND
VEREINSBANK AG, NEW YORK BRANCH
By:    /s/ William W. Hunter
Name:    William W. Hunter
Title:    Director
By:    /s/ Kimberly D. Sousa
Name: Kimberly D. Sousa
Title:    Director
Notice Information:
150 East 42nd Street
New York, New York 10017
Attention:   Tina Chung
Telephone:    (212)  ###-###-####
Telecopier:   (212)  ###-###-####

 


 

DEUTSCHE BANK AG NEW YORK BRANCH
By:  /s/ Ming K. Chu
Name: Ming K. Chu
Title:   Vice President
By:  /s/ Vincent Wong
Name: Vincent Wong
Title:    Vice President
     
 
  Notice Information:
 
   
 
  60 Wall Street
 
  New York, New York 10005
 
  Attention:    Rainer Meier, Vice President
 
  Telephone:    (212)  ###-###-####
 
  Telecopy:    (212)  ###-###-####

 


 

         
    DNB NOR BANK ASA
 
       
 
  By: /s/ Alfred C. Jones III
 
  Name: Alfred C. Jones III
 
  Title: Senior Vice President
 
       
 
  By: /s/ Barbara Gronquist
 
  Name: Barbara Gronquist
 
  Title: Senior Vice President
 
       
    Notice Information:
 
       
    200 Park Avenue, 31st Floor
New York, New York 10166-0396
 
  Telephone:   (212) 681-3823
 
  Telecopy:   (212) 681-3900

 


 

     
 
  MERRILL LYNCH CAPITAL
MARKETS BANK LIMITED
 
   
 
  By:/s/ Lee Halla
 
  Name: Lee Halla
 
  Title: Authorised Signatory
 
   
 
  By:/s/ Nicolas Lowmass
 
  Name: Nicolas Lowmass
 
  Title:    Authorized Signatory
         
    Notice Information:
 
       
    Treasury Building,
    Lower Grand Canal Street,
    Dublin 2,
    Ireland
 
       
 
  Attention:   Stuart Biggar
 
  Telephone:   + 353 1 ###-###-####
 
  Telecopy:   + 44 207 106 6302
 
  E-mail:   ***@***

 


 

     
 
  MORGAN STANLEY BANK
 
   
 
  By:/s/ Daniel Twenge
 
  Name: Daniel Twenge
 
  Title: Authorized Signatory Morgan Stanley Bank
         
    Notice Information:
 
       
    1633 Broadway, 25th Floor
New York, New York 10019
 
  Telephone:   (212 ###-###-####
 
  Telecopier:   (212 ###-###-####

 


 

     
 
  NORDEA BANK NORGE ASA
 
   
 
  By:/s/ Kristine Erdal
 
  Name: Kristine Erdal
 
  Title: Senior Relationship Manager
 
   
 
  By:/s/ Irina Bjaroy
 
  Name: Irina Bjaroy
 
  Title: Relationship Manager
     
 
  Notice Information:
 
   
 
  Postboks 1166 Sentrum
 
  0107 Oslo
 
  Norway
 
  Attention: Shipping department — Kristine Erdal / Irina Bjarøy
 
  Telephone: +47 22 48 56 68 / +47 22 48 55 38
 
  Telecopy: +47 22 48 66 68

 


 

     
 
  STANDARD CHARTERED BANK
 
   
 
  By: /s/ Michael Gouvion
 
  Name: Michael Gouvion
 
  Title: Director
 
   
 
  By: /s/ Andrew Y. Ng
 
  Name: Andrew Y. Ng
 
  Title: Director Standard Chartered Bank NY
 
   
 
  Notice Information:
 
   
 
  790 East Colorado Blvd, Suite 808
 
  Pasadena, California 91101
 
  Attention: John Robinson
 
  Telephone: (626)  ###-###-####
 
  Telecopier: (626)  ###-###-####

 


 

     
 
  SUNTRUST BANK
 
   
 
  By:/s/ Sean Roche
 
  Name: Sean Roche
 
  Title: Vice President
     
 
  Notice Information:
 
   
 
  303 Peachtree Street, 10th Floor
 
  Atlanta, Georgia 30308
 
  Telephone: (404 ###-###-####
 
  Telecopy: (404 ###-###-####

 


 

     
 
  UBS LOAN FINANCE
 
   
 
  By: /s/ Richard L. Tavrow
 
  Name: Richard L. Tavrow
 
  Title: Director Banking Products Services, US
 
   
 
  By: /s/ Irja R. Otsa
 
  Name: Irja R. Otsa
 
  Title: Associate Director Banking Products
          Services, US
 
   
 
  Notice Information:
 
   
 
  677 Washington Blvd. Stamford, Connecticut 06901
 
  Attention: Letica Fox-Thomas
 
  Telephone: (203)  ###-###-####
 
  Telecopier: (203)  ###-###-####

 


 

Annex I to
Notice of Commitment Increase
COMMITMENTS
(after giving effect to the applicable Commitment Increase)
         
Bank
  Allocation  
JPMorgan Chase Bank, N.A.*
    151,000,000.00  
Wells Fargo Bank, N.A.*
    126,000,000.00  
Calyon New York Branch*
    126,000,000.00  
The Royal Bank of Scotland plc*
    126,000,000.00  
UBS Loan Finance*
    126,000,000.00  
Bank of America, N.A.*
    85,000,000.00  
Deutsche Bank AG New York Branch*
    85,000,000.00  
ABN AMRO Bank N.V.*
    85,000,000.00  
The Bank of Tokyo-Mitsubishi UFJ, Ltd., Houston Agency*
    85,000,000.00  
SunTrust Bank*
    72,000,000.00  
Morgan Stanley Bank*
    72,000,000.00  
Nordea Bank Norge ASA*
    72,000,000.00  
Wachovia Bank, National Association
    53,000,000.00  
DnB NOR Bank ASA*
    50,000,000.00  
Bayerische Hypo-Und Vereinsbank AG, New York Branch*
    50,000,000.00  
Merrill Lynch Capital Markets Bank Limited*
    50,000,000.00  
Standard Chartered Bank*
    50,000,000.00  
The Bank of Nova Scotia
    36,000,000.00  
TOTAL
  $ 1,500,000,000.00  
 
     
 
*   Lender that has increased its Commitment