Exhibit 10.1

 

Execution Version

 

SECOND AMENDMENT

 

TO

 

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

AMONG

 

LEGACY RESERVES LP,

as Borrower,

 

THE GUARANTORS,

 

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Administrative Agent,

 

and

 

THE LENDERS SIGNATORY HERETO

 

DATED AS OF MAY 22, 2014

 

Sole Lead Arranger and Sole Book Runner

Wells Fargo Securities, LLC

 

Syndication Agent

Compass Bank

 

Co-Documentation Agents

UBS Securities LLC

and

U.S. Bank National Association

 

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SECOND AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

This SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (this
“Second Amendment”) dated as of May 22, 2014, among LEGACY RESERVES LP, a
limited partnership duly formed under the laws of the State of Delaware (the
“Borrower”); each of the undersigned guarantors (the “Guarantors”, and together
with the Borrower, the “Obligors”); WELLS FARGO BANK, NATIONAL ASSOCIATION, as
administrative agent for the Lenders (in such capacity, together with its
successors, the “Administrative Agent”); and the Lenders signatory hereto.

 

Recitals

 

A.                                    The Borrower, the Administrative Agent and
the Lenders are parties to that certain Third Amended and Restated Credit
Agreement dated as of April 1, 2014 (as amended by the First Amendment to Third
Amended and Restated Credit Agreement dated April 17, 2014, the “Credit
Agreement”), pursuant to which the Lenders have made certain credit available to
and on behalf of the Borrower.

 

B.                                    The Guarantors are parties to that certain
Third Amended and Restated Guaranty Agreement dated as of April 1, 2014 made by
each of the Guarantors (as defined therein) in favor of the Administrative Agent
(the “Guaranty”).

 

C.                                    The Borrower, the Guarantors, the
Administrative Agent and the Lenders have agreed to amend certain provisions of
the Credit Agreement as more fully set forth herein.

 

D.                                    NOW, THEREFORE, in consideration of the
premises and the mutual covenants herein contained, for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

 

Section 1.                                           Defined Terms.  Each
capitalized term which is defined in the Credit Agreement, but which is not
defined in this Second Amendment, shall have the meaning ascribed such term in
the Credit Agreement.  Unless otherwise indicated, all section references in
this Second Amendment refer to sections of the Credit Agreement.  In addition,
as used in this Second Amendment, the following terms shall have the meanings
given such terms below as follows:

 

“Aggregate Acquisitions” means, collectively, the Chaves Acquisition, the
Rockies Acquisition and the WPX Acquisition.

 

“Chaves Acquisition” means the acquisition of the Chaves Acquisition Properties
pursuant to the terms and conditions of the Chaves Acquisition Documents.

 

“Chaves Acquisition Documents” means (a) the Purchase and Sale Agreement by and
among Celero Energy II, LP and Caprock Land & Cattle, LLC (Seller) and Legacy
Reserves Operating LP (Buyer) dated as of March 10, 2014, and (b) all bills of
sale, assignments, agreements, instruments and documents executed and delivered
in connection therewith, as amended.

 

1

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“Chaves Acquisition Properties” means the Oil and Gas Properties and other
Properties acquired by Legacy Reserves Operating LP pursuant to the Chaves
Acquisition Documents.

 

“Rockies Acquisition” means the acquisition of the Rockies Acquisition
Properties pursuant to the terms and conditions of the Rockies Acquisition
Documents.

 

“Rockies Acquisition Documents” means (a) the Purchase and Sale Agreement by and
between SM Energy Company (Seller) and Legacy Reserves Operating LP (Buyer)
dated as of March 26, 2014, and (b) all bills of sale, assignments, agreements,
instruments and documents executed and delivered in connection therewith, as
amended.

 

“Rockies Acquisition Properties” means the Oil and Gas Properties and other
Properties acquired by Legacy Reserves Operating LP pursuant to the Rockies
Acquisition Documents.

 

“WPX Acquisition” means the acquisition of the WPX Acquisition Properties
pursuant to the terms and conditions of the WPX Acquisition Documents.

 

“WPX Acquisition Documents” means (a) the Purchase and Sale Agreement by and
between WPX Energy Rocky Mountain, LLC (Seller) and Legacy Reserves Operating LP
(Buyer) dated as of May 2, 2014, and (b) all bills of sale, assignments,
agreements, instruments and documents executed and delivered in connection
therewith, as amended.

 

“WPX Acquisition Properties” means the Oil and Gas Properties and other
Properties acquired by Legacy Reserves Operating LP pursuant to the WPX
Acquisition Documents.

 

Section 2.                                           Amendments to Credit
Agreement.

 

2.1                               Amendments to Section 1.02.

 

(a)                                 The following definitions are hereby amended
and restated in their entirety to read as follows:

 

“Agreement” means this Third Amended and Restated Credit Agreement, as amended
by the First Amendment and the Second Amendment, as the same may from time to
time be amended, modified, supplemented or restated.

 

“Approved Counterparty” means (a) any Lender or any Affiliate of a Lender and
(b) any other Person (or any credit support provider of such Person) whose
issuer rating or whose long term senior unsecured debt rating is A/A2 by S&P or
Moody’s (or their equivalent) or higher.

 

(b)                                 The following definitions are hereby added
where alphabetically appropriate to read as follows:

 

“Second Amendment” means that certain Second Amendment to Third Amended and
Restated Credit Agreement, dated as of May 22, 2014, among the Borrower, the
Guarantors, the Administrative Agent and the Lenders party thereto.

 

2

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“Second Amendment Effective Date” has the meaning ascribed such term in the
Second Amendment.

 

2.2                               Amendment to Section 9.01(b). 
Section 9.01(b) is hereby amended and restated in its entirety to read as
follows:

 

(b)                                 Ratio of Total Debt to EBITDA.  The Borrower
will not, on any date of determination, permit its ratio of Total Debt as of
such date to EBITDA for the four fiscal quarters ending on the last day of the
fiscal quarter immediately preceding the date of determination for which
financial statements are available to be greater than 4.00 to 1.00; provided
that during the period beginning on the Second Amendment Effective Date through
June 30, 2015 (such period, the “Increased Leverage Period”), the Borrower will
not, on any date of determination during the Increased Leverage Period, permit
its ratio of Total Debt as of such date to EBITDA for the four fiscal quarters
ending on the last day of the fiscal quarter immediately preceding the date of
determination for which financial statements are available to be greater than
4.50 to 1.00.

 

Section 3.                                           Assignments, Reallocation
of Commitments and Loans.  Each Lender party to the Credit Agreement immediately
prior to the Second Amendment Effective Date (used herein as defined below) has,
in consultation with the Borrower, agreed to reallocate its respective Maximum
Credit Amount and Commitment.  The Administrative Agent and the Borrower hereby
consent to such reallocation.  On the Second Amendment Effective Date and after
giving effect to such reallocations, the Maximum Credit Amount and Commitment of
each Lender shall be as set forth on Annex I to this Second Amendment, which
Annex I supersedes and replaces Annex I to the Credit Agreement.  With respect
to such reallocation, each Lender shall be deemed to have acquired the Maximum
Credit Amount and Commitment allocated to it from one or more Lenders pursuant
to the terms of the Assignment and Assumption Agreement attached as Exhibit D to
the Credit Agreement as if such Lenders executed an Assignment and Assumption
with respect to such allocation.  Notwithstanding Section 12.04(b)(ii)(C), the
Lenders deemed to be parties to such Assignment Agreements shall not be required
to pay a processing and recordation fee of $3,500 to the Administrative Agent.
On the Second Amendment Effective Date, the Administrative Agent shall take the
actions specified in Section 12.04(b)(v), including recording the assignments
described herein in the Register, and such assignments shall be effective for
purposes of the Credit Agreement.

 

Section 4.                                           Automatic Borrowing Base
Increase upon Consummation of Aggregate Acquisitions; Minimum Hedging
Requirement.

 

4.1                               Automatic Borrowing Base Increase upon
Consummation of Aggregate Acquisitions, etc.  Effective as of the date of the
consummation of the Aggregate Acquisitions, the Borrowing Base then in effect
shall automatically be increased to $950,000,000 (net of any adjustments to the
Borrowing Base pursuant to the terms of the Credit Agreement which occur between
the date hereof and the date the Borrowing Base is increased pursuant to this
Section 4.1); provided that each of the following conditions precedent thereto
are satisfied (or waived in accordance with Section 12.02(b)): (a) the
Administrative Agent shall have received a certificate of a Responsible Officer
of the Borrower certifying that Legacy Reserves Operating LP has or is
concurrently consummating the Chaves Acquisition, the Rockies Acquisition and
the WPX

 

3

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Acquisition in accordance with the terms of the Chaves Acquisition Documents,
the Rockies Acquisition Documents and the WPX Acquisition Documents,
respectively (with all of the material conditions precedent thereto having been
satisfied in all material respects by the parties thereto) and has or is
acquiring substantially all of the Chaves Acquisition Properties, the Rockies
Acquisition Properties and the WPX Acquisition Properties contemplated by the
Chaves Acquisition Documents, the Rockies Acquisition Documents and the WPX
Acquisition Documents, respectively; (b) the Administrative Agent’s receipt,
together with title information previously delivered to the Administrative
Agent, satisfactory title information on at least 80% of the total value of the
proved Oil and Gas Properties of the Borrower and the Subsidiaries evaluated by
the most recently delivered Reserve Report after giving effect to the Aggregate
Acquisitions; (c) the Administrative Agent’s receipt of duly executed and
notarized deeds of trust and/or mortgages or supplements to existing deeds of
trust and/or mortgages in form satisfactory to the Administrative Agent to the
extent necessary, so that the Mortgaged Properties represent at least 80% of the
total value of the proved Oil and Gas Properties of the Borrower and the
Subsidiaries evaluated in the most recently delivered Reserve Report after
giving effect to the Aggregate Acquisitions and (d) the Administrative Agent and
the Lenders shall have received all fees and other amounts due and payable on or
prior to such date; provided further that if, on or prior to the date upon which
the Borrowing Base is automatically increased pursuant to this Section 4.1, the
Borrower has issued Senior Notes in reliance upon Section 9.02(f) in an
aggregate stated principal amount in excess of $850,000,000 (without regard to
any initial issue discount) then the amount of the automatic increase to the
Borrowing Base shall instead be in an amount equal to $950,000,000 minus the
product of 0.25 and the stated principal amount of such excess Senior Notes (net
of any adjustments to the Borrowing Base which occur between the date hereof and
the date the Borrowing Base is increased pursuant to this Section 4.1 (other
than adjustments with respect to the issuance of Senior Notes as contemplated by
the foregoing proviso)).

 

4.2                               Minimum Hedging Requirement.  Within 30 days
after the date upon which the Borrowing Base is automatically increased pursuant
to Section 4.1 of this Second Amendment (the end of such 30 day period being the
“Required Hedging Date”), the Borrower shall provide evidence to the
Administrative Agent, in form and substance satisfactory to the Administrative
Agent, that the Borrower has entered into Swap Agreements with one or more
Approved Counterparties hedging reasonably anticipated proved developed
producing production for natural gas evaluated in the most recently delivered
Reserve Report related to the WPX Acquisition Properties as follows (the
“Incremental Hedging Requirement”):

 

Fourth quarter

 

fiscal year 2014:

3,561,000 MMBtu;

Fiscal year 2015:

16,635,000 MMBtu;

Fiscal year 2016:

5,580,000 MMBtu; and

Fiscal year 2017:

5,016,000 MMBtu.

 

If the Borrower fails to timely deliver such evidence to the Administrative
Agent by the Required Hedging Date, then, effective as of the Required Hedging
Date, the Borrowing Base then in effect shall be reduced automatically by an
amount, as determined by the Administrative Agent, equal to the Borrowing Base
value contributed by the quantities which were not hedged by the Borrower
pursuant to the Incremental Hedging Requirement.

 

4

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Section 5.                                           Conditions Precedent.  This
Second Amendment shall not become effective until the date on which each of the
following conditions is satisfied (or waived in accordance with Section 12.02 of
the Credit Agreement) (the “Second Amendment Effective Date”):

 

5.1                               The Administrative Agent shall have received
from the Lenders, the Borrower and the Guarantors, counterparts (in such number
as may be requested by the Administrative Agent) of this Second Amendment signed
on behalf of such Person.

 

5.2                               The Administrative Agent and the Lenders shall
have received all fees and other amounts due and payable on or prior to the
Second Amendment Effective Date.

 

5.3                               No Default shall have occurred and be
continuing as of the Second Amendment Effective Date.

 

5.4                               The Administrative Agent shall have received
new duly executed Notes payable to Societe Generale, Branch Banking & Trust
Company, Santander Bank, N.A. and West Texas National Bank, to the extent
requested by each such Lender, in a principal amount equal to the applicable new
Maximum Credit Amount of such Lender, dated as of the Second Amendment Effective
Date.

 

5.5                               The Administrative Agent shall have received
such other documents as the Administrative Agent or its special counsel may
reasonably require.

 

The Administrative Agent is hereby authorized and directed to declare this
Second Amendment to be effective when it has received documents confirming or
certifying, to the satisfaction of the Administrative Agent, compliance with the
conditions set forth in this Section 5 or the waiver of such conditions as
permitted in Section 12.02 of the Credit Agreement.  Such declaration shall be
final, conclusive and binding upon all parties to the Credit Agreement for all
purposes.

 

Section 6.  Miscellaneous.

 

6.1                               Confirmation.  The provisions of the Credit
Agreement, as amended by this Second Amendment, shall remain in full force and
effect following the effectiveness of this Second Amendment.

 

6.2                               Ratification and Affirmation; Representations
and Warranties.  Each Obligor hereby (a) acknowledges the terms of this Second
Amendment; (b) ratifies and affirms its obligations under, and acknowledges its
continued liability under, each Loan Document to which it is a party and agrees
that each Loan Document to which it is a party remains in full force and effect
as expressly amended hereby; (c) represents and warrants to the Lenders that as
of the date hereof, after giving effect to the terms of this Second Amendment: 
(i) all of the representations and warranties contained in each Loan Document to
which it is a party are true and correct, except to the extent any such
representations and warranties are expressly limited to an earlier date, in
which case, such representations and warranties shall continue to be true and
correct as of such specified earlier date, (ii) no Default or Event of Default
has occurred and is continuing and (iii) no event or events have occurred which
individually or in the aggregate could reasonably be expected to have a Material
Adverse Effect; and (d) agrees that from and after the Second Amendment
Effective Date each reference to the Credit Agreement and in the other Loan

 

5

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Documents shall be deemed to be a reference to the Credit Agreement, as amended
by this Second Amendment.

 

6.3                               Counterparts.  This Second Amendment may be
executed by one or more of the parties hereto in any number of separate
counterparts, and all of such counterparts taken together shall be deemed to
constitute one and the same instrument.  Delivery of this Second Amendment by
telecopy, facsimile, email or other electronic means shall be effective as
delivery of a manually executed counterpart hereof.

 

6.4                               No Oral Agreement.  This Second Amendment, the
Credit Agreement and the other Loan Documents executed in connection herewith
and therewith represent the final agreement between the parties and may not be
contradicted by evidence of prior, contemporaneous, or unwritten oral agreements
of the parties.  There are no subsequent oral agreements between the parties.

 

6.5                               GOVERNING LAW.  THIS SECOND AMENDMENT SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS.

 

6.6                               Payment of Expenses.  In accordance with
Section 12.03 of the Credit Agreement, the Borrower agrees to pay or reimburse
the Administrative Agent for all of its reasonable out-of-pocket costs and
reasonable expenses incurred in connection with this Second Amendment, any other
documents prepared in connection herewith and the transactions contemplated
hereby, including, without limitation, the reasonable fees and disbursements of
counsel to the Administrative Agent.

 

6.7                               Severability.  Any provision of this Second
Amendment which is prohibited or unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction.

 

6.8                               Successors and Assigns.  This Second Amendment
shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns.

 

[SIGNATURES BEGIN NEXT PAGE]

 

6

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IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be
duly executed as of the date first written above.

 

 

BORROWER:

LEGACY RESERVES LP

 

 

 

By:

Legacy Reserves GP, LLC,

 

 

its general partner

 

 

 

 

 

By:

/s/ James Daniel Westcott

 

 

James Daniel Westcott

 

 

Executive Vice President and Chief Financial Officer

 

 

 

 

GUARANTORS:

LEGACY RESERVES OPERATING LP

 

 

 

By:

Legacy Reserves Operating GP LLC, its general partner

 

By:

Legacy Reserves LP, its sole member

 

By:

Legacy Reserves GP, LLC, its general partner

 

 

 

 

 

 

By:

/s/ James Daniel Westcott

 

 

James Daniel Westcott

 

 

Executive Vice President and Chief Financial Officer

 

 

 

 

 

 

 

LEGACY RESERVES OPERATING GP LLC

 

 

 

By:

Legacy Reserves LP, its sole member

 

By:

Legacy Reserves GP, LLC, its general partner

 

 

 

 

 

 

 

By:

/s/ James Daniel Westcott

 

 

James Daniel Westcott

 

 

Executive Vice President and Chief Financial Officer

 

SIGNATURE PAGE

SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

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LEGACY RESERVES SERVICES, INC.

 

 

 

 

 

By:

/s/ James Daniel Westcott

 

 

James Daniel Westcott

 

 

Executive Vice President and Chief Financial Officer

 

SIGNATURE PAGE

SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

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ADMINISTRATIVE AGENT:

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent and a Lender

 

 

 

 

 

 

By:

/s/ Stephanie Harrell

 

 

Stephanie Harrell

 

 

Assistant Vice President

 

SIGNATURE PAGE

SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

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LENDERS:

COMPASS BANK

 

 

 

 

 

By:

/s/ James Neblett

 

Name: James Neblett

 

Title: Vice President

 

SIGNATURE PAGE

SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

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UBS AG, STAMFORD BRANCH

 

 

 

 

 

By:

/s/ Lana Gifas

 

Name: Lana Gifas

 

Title: Director

 

 

 

 

 

 

 

By:

/s/ Jennifer Anderson

 

Name: Jennifer Anderson

 

Title: Associate Director

 

SIGNATURE PAGE

SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

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U.S. BANK NATIONAL ASSOCIATION

 

 

 

 

 

By:

/s/ Tara McLean

 

Name: Tara McLean

 

Title: Vice President

 

SIGNATURE PAGE

SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

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BANK OF AMERICA, N.A.

 

 

 

 

 

By:

/s/ Joseph Scott

 

Name: Joseph Scott

 

Title: Director

 

SIGNATURE PAGE

SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

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ROYAL BANK OF CANADA

 

 

 

 

 

By:

/s/ Evans Swann, Jr.

 

Name: Evans Swann, Jr.

 

Title: Authorized Signatory

 

SIGNATURE PAGE

SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

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THE BANK OF NOVA SCOTIA

 

 

 

 

 

By:

/s/ Terry Donovan

 

Name: Terry Donovan

 

Title: Managing Director

 

SIGNATURE PAGE

SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

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KEYBANK NATIONAL ASSOCIATION

 

 

 

 

 

By:

/s/ John Dravenstott

 

Name: John Dravenstott

 

Title: Vice President

 

SIGNATURE PAGE

SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

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UNION BANK, N.A.

 

 

 

 

 

By:

/s/ Lauren Trussell

 

Name: Lauren Trussell

 

Title: Vice President

 

SIGNATURE PAGE

SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

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JPMORGAN CHASE BANK, N.A.

 

 

 

 

 

By:

/s/ David Morris

 

Name: David Morris

 

Title: Authorized Officer

 

SIGNATURE PAGE

SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

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BMO HARRIS FINANCING, INC.

 

 

 

 

 

By:

/s/ Gumaro Tijerina

 

Name: Gumaro Tijerina

 

Title: Managing Director

 

SIGNATURE PAGE

SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

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BARCLAYS BANK PLC

 

 

 

 

 

By:

/s/ Alicia Borys

 

Name: Alicia Borys

 

Title: Vice President

 

SIGNATURE PAGE

SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

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CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK

 

 

 

 

 

By:

/s/ Michael Willis

 

Name: Michael Willis

 

Title: Managing Director

 

 

 

 

 

By:

/s/ Mark Roche

 

Name: Mark Roche

 

Title: Managing Director

 

SIGNATURE PAGE

SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

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CITIBANK, N.A.

 

 

 

 

 

By:

/s/ Eamon Baqui

 

Name: Eamon Baqui

 

Title: Vice President

 

SIGNATURE PAGE

SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

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SOCIETE GENERALE

 

 

 

 

 

By:

/s/ David Bornstein

 

Name: David Bornstein

 

Title: Director

 

SIGNATURE PAGE

SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

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BRANCH BANKING AND TRUST COMPANY

 

 

 

 

 

By:

/s/ Jodie Gildersleeve

 

Name: Jodie Gildersleeve

 

Title: Assistant Vice President

 

SIGNATURE PAGE

SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

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WEST TEXAS NATIONAL BANK

 

 

 

 

 

By:

/s/ Chris L. Whigham

 

Name: Chris L. Whigham

 

Title: Senior Vice President

 

SIGNATURE PAGE

SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

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SANTANDER BANK, N.A.

 

 

 

 

 

By:

/s/ Puiki Lok

 

Name: Puiki Lok

 

Title: Vice President

 

 

 

 

 

By:

/s/ Gilbert Torres

 

Name: Gilbert Torres

 

Title: Senior Vice President

 

SIGNATURE PAGE

SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

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TEXAS CAPITAL BANK, N.A.

 

 

 

 

 

By:

/s/ Frank K. Stowers

 

Name: Frank K. Stowers

 

Title: Senior Vice President

 

SIGNATURE PAGE

SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

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Annex I

 

ANNEX I
LIST OF MAXIMUM CREDIT AMOUNTS

 

Aggregate Maximum Credit Amounts

 

Name of Lender

 

Applicable Percentage

 

Maximum Credit Amount

 

Wells Fargo Bank, National Association

 

10.78947368

%

$

161,842,105.25

 

Compass Bank

 

7.63157895

%

$

114,473,684.21

 

UBS AG, Stamford Branch

 

7.63157895

%

$

114,473,684.21

 

U.S. Bank National Association

 

7.63157895

%

$

114,473,684.21

 

Bank of America, N.A.

 

7.63157895

%

$

114,473,684.21

 

Royal Bank of Canada

 

7.63157895

%

$

114,473,684.21

 

The Bank of Nova Scotia

 

5.36842105

%

$

80,526,315.79

 

KeyBank National Association

 

5.36842105

%

$

80,526,315.79

 

Union Bank, N.A.

 

5.36842105

%

$

80,526,315.79

 

JPMorgan Chase Bank, N.A.

 

5.36842105

%

$

80,526,315.79

 

BMO Harris Financing, Inc.

 

4.21052632

%

$

63,157,894.74

 

Barclays Bank PLC

 

4.21052632

%

$

63,157,894.74

 

Credit Agricole Corporate and Investment Bank

 

4.21052632

%

$

63,157,894.74

 

Citibank, N.A.

 

4.21052632

%

$

63,157,894.74

 

Societe Generale

 

4.21052632

%

$

63,157,894.74

 

Branch Banking & Trust Company

 

2.63157895

%

$

39,473,684.21

 

Santander Bank, N.A.

 

2.63157895

%

$

39,473,684.21

 

West Texas National Bank

 

1.84210526

%

$

27,631,578.95

 

Texas Capital Bank, N.A.

 

1.42105263

%

$

21,315,789.47

 

TOTAL

 

100.0000000

%

$

1,500,000,000.00

 

 

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