EX-10.7




 Exhibit 10.7 

Sixth 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 November 13, 2015 

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 
  

 
  








 Sixth Amendment to 

Third Amended and Restated Credit Agreement 

This Sixth Amendment to Third Amended and Restated Credit Agreement (this “Sixth Amendment”) dated as of November 13,
2015, 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 as of April 17,
2014, that certain Second Amendment to Third Amended and Restated Credit Agreement dated as of May 22, 2014, that certain Third Amendment to Third Amended and Restated Credit Agreement dated as of December 29, 2014, that certain Fourth
Amendment to Third Amended and Restated Credit Agreement dated as of February 23, 2015 and that certain Fifth Amendment to Third Amended and Restated Credit Agreement dated as of August 5, 2015, 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. 
 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 Sixth
Amendment, shall have the meaning ascribed such term in the Credit Agreement. Unless otherwise indicated, all section references in this Sixth Amendment refer to sections of the Credit Agreement. 

Section 2. Amendments to Credit Agreement. 

2.1 Amendments to Section 1.02. 

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

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

(b) The following definition is hereby added where alphabetically appropriate to read as follows: 

“Sixth Amendment” means that certain Sixth Amendment to Third Amended and Restated Credit Agreement, dated as
of November 13, 2015, among the Borrower, the Guarantors, the Administrative Agent and the Lenders party thereto. 
 2.2 Amendment to
Section 8.14(a). Section 8.14(a) is hereby amended by deleting each reference to “80%” therein and replacing each such reference with “85%.” 

Section 3. Conditions Precedent. This Sixth 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 “Sixth Amendment Effective Date”): 

3.1 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 Sixth Amendment signed on behalf of such Person. 
 3.2 The Administrative Agent and the
Lenders shall have received all fees and other amounts due and payable on or prior to the Sixth Amendment Effective Date (including fees and expenses invoiced by Paul Hastings LLP prior to the Sixth Amendment Effective Date). 

3.3 The Administrative Agent shall have received, together with title information previously delivered to the Administrative Agent satisfactory
title information on at least 80% of the total value of the Oil and Gas Properties of the Borrower and the Subsidiaries evaluated in the most recently delivered Reserve Report. 

3.4 The Administrative Agent shall have received duly executed and notarized deeds of trust/mortgages or supplements to existing deeds of
trust/mortgages in form satisfactory to the Administrative Agent, to the extent necessary so that the Mortgaged Properties represent at least 85% of the total value of the Oil and Gas Properties of the Borrower and the Subsidiaries evaluated in the
most recently delivered Reserve Report. 
 3.5 No Default shall have occurred and be continuing as of the Sixth Amendment Effective Date.

 3.6 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 Sixth 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 3 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. 

  
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 Section 4. Miscellaneous. 

4.1 Confirmation. The provisions of the Credit Agreement, as amended by this Sixth Amendment, shall remain in full force and effect
following the effectiveness of this Sixth Amendment. 
 4.2 Ratification and Affirmation; Representations and Warranties. Each
Obligor hereby (a) acknowledges the terms of this Sixth 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 Sixth 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 Sixth Amendment Effective Date each reference to the Credit Agreement and in the other Loan Documents shall be deemed to be a reference to
the Credit Agreement, as amended by this Sixth Amendment. 
 4.3 Counterparts. This Sixth 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 Sixth Amendment by telecopy, facsimile, email or other
electronic means shall be effective as delivery of a manually executed counterpart hereof. 
 4.4 No Oral Agreement. This Sixth
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. 
 4.5 GOVERNING LAW. THIS SIXTH
AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS. 
 4.6 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 Sixth 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. 
 4.7 Severability. Any provision of this Sixth Amendment which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such 

  
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 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. 

4.8 Successors and Assigns. This Sixth Amendment shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns. 
 [SIGNATURES BEGIN NEXT PAGE] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Third 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

		 		 	Name: James Daniel Westcott
		 		 	Title: 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

		 		 	Name: James Daniel Westcott
		 		 	Title: 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

		 		 	Name: James Daniel Westcott
		 		 	Title: Executive Vice President and Chief Financial Officer

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SIXTH AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT 








 
					
	LEGACY RESERVES SERVICES, INC.
			
		 	By:	 	 /s/ James Daniel Westcott

		 	Name: James Daniel Westcott
		 	Title: Executive Vice President and Chief           Financial Officer
	
	DEW GATHERING LLC
			
		 	By:	 	 /s/ James Daniel Westcott

		 	Name: James Daniel Westcott
		 	Title: Executive Vice President and Chief           Financial Officer
	
	PINNACLE GAS TREATING LLC
			
		 	By:	 	 /s/ James Daniel Westcott

		 	Name: James Daniel Westcott
		 	Title: Executive Vice President and Chief           Financial Officer
	
	LEGACY RESERVES ENERGY SERVICES LLC
			
		 	By:	 	 /s/ James Daniel Westcott

		 	Name: James Daniel Westcott
		 	Title: Executive Vice President and Chief           Financial Officer


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SIXTH AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT 









							
	ADMINISTRATIVE AGENT:	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
		 	as Administrative Agent and a Lender
				
		 		 	By:	 	 /s/ Stephanie Harrell

		 		 		 	Stephanie Harrell
		 		 		 	Vice President

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	LENDERS:	 	COMPASS BANK
				
		 		 	By:	 	 /s/ Gabriela Albino

		 		 	Name: Gabriela Albino
		 		 	Title: Vice President

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	UBS AG, STAMFORD BRANCH
			
		 	By:	 	 /s/ Darlene Arias

		 	Name:	 	Darlene Arias
		 	Title:	 	Director
			
		 	By:	 	 /s/ Houssem Daly

		 	Name:	 	Houssem Daly
		 	Title:	 	Associate Director


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	U.S. BANK NATIONAL ASSOCIATION
			
		 	By:	 	 /s/ Nicholas T. Hanford

		 	Name:	 	Nicholas T. Hanford
		 	Title:	 	Vice President


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	BANK OF AMERICA, N.A.
			
		 	By:	 	 /s/ Bryan Heller

		 	Name:	 	Bryan Heller
		 	Title:	 	Director


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	ROYAL BANK OF CANADA
			
		 	By:	 	 /s/ Evans Swann

		 	Name:	 	Evans Swann
		 	Title:	 	Authorized Signatory


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	THE BANK OF NOVA SCOTIA
			
		 	By:	 	 /s/ Alan Dawson

		 	Name:	 	Alan Dawson
		 	Title:	 	Director


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	KEYBANK NATIONAL ASSOCIATION
			
		 	By:	 	 /s/ George E. McKean

		 	Name:	 	George E. McKean
		 	Title:	 	Senior Vice President


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	MUFG UNION BANK, N.A. f/k/a UNION BANK, N.A.
			
		 	By:	 	 /s/ Lara Francis

		 	Name:	 	Lara Francis
		 	Title:	 	Vice President


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	JPMORGAN CHASE BANK, N.A.
			
		 	By:	 	 /s/ Stephanie Balette

		 	Name:	 	Stephanie Balette
		 	Title:	 	Authorized Officer


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	BMO HARRIS FINANCING, INC.
			
		 	By:	 	 /s/ Gumaro Tijerina

		 	Name:	 	Gumaro Tijerina
		 	Title:	 	Managing Director


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	BARCLAYS BANK PLC
			
		 	By:	 	 /s/ Luke Syme

		 	Name:	 	Luke Syme
		 	Title:	 	Assistant Vice President


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	CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK
			
		 	By:	 	 /s/ Ting Lee

		 	Name:	 	Ting Lee
		 	Title:	 	Director
			
		 	By:	 	 /s/ Sharada Manne

		 	Name:	 	Sharada Manne
		 	Title:	 	Managing Director


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	CITIBANK, N.A.
			
		 	By:	 	 /s/ Cliff Vaz

		 	Name:	 	Cliff Vaz
		 	Title:	 	Vice President


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	SOCIETE GENERALE
			
		 	By:	 	 /s/ David Bornstein

		 	Name:	 	David Bornstein
		 	Title:	 	Director


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	BRANCH BANKING AND TRUST COMPANY
			
		 	By:	 	 /s/ Ryan K. Michael

		 	Name:	 	Ryan K. Michael
		 	Title:	 	Senior Vice President


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	WEST TEXAS NATIONAL BANK
			
		 	By:	 	 /s/ Chris L. Whigham

		 	Name:	 	Chris L. Whigham
		 	Title:	 	SVP—Manager of Energy Lending


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	SANTANDER BANK, N.A.
			
		 	By:	 	 /s/ Aidan Lanigan

		 	Name:	 	Aidan Lanigan
		 	Title:	 	Senior Vice President
			
		 	By:	 	 /s/ Puiki Lok

		 	Name:	 	Puiki Lok
		 	Title:	 	Vice President


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	TEXAS CAPITAL BANK, N.A.
			
		 	By:	 	 /s/ Frank K. Stowers

		 	Name:	 	Frank K. Stowers
		 	Title:	 	Senior Vice President


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	FIFTH THIRD BANK
			
		 	By:	 	 /s/ Justin Bellamy

		 	Name:	 	Justin Bellamy
		 	Title:	 	Director


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