Document:

exv4w1

 

Exhibit 4.1

[CONFORMED AS EXECUTED]

INCREMENTAL COMMITMENT AGREEMENT

September 18, 2007

Ameristar Casinos, Inc.

3773 Howard Hughes Parkway

Suite 490S

Las Vegas, Nevada 89109

re Incremental Commitment

Gentlemen:

     Reference is hereby made to the Credit Agreement, dated as of November 10, 2005 (as amended,
modified or supplemented from time to time, the “Credit Agreement”), among Ameristar Casinos, Inc.
(the “Borrower”), the lenders from time to time party thereto (the “Lenders”), Wells Fargo Bank,
N.A., as Syndication Agent (the “Syndication Agent”), Deutsche Bank Securities Inc. and Wells Fargo
Bank, N.A., as Joint Lead Arrangers (the “Lead Arrangers”), and Deutsche Bank Trust Company
Americas, as Administrative Agent (the “Administrative Agent”). Unless otherwise defined herein,
capitalized terms used herein shall have the respective meanings set forth in the Credit Agreement.

     Each Lender (each an “Incremental Lender”) party to this letter agreement (this “Agreement”)
hereby severally agrees to provide the Incremental Commitment(s) set forth opposite its name on
Annex I attached hereto (for each such Incremental Lender, its “Incremental Commitment”). Each
Incremental Commitment provided pursuant to this Agreement shall be subject to the terms and
conditions set forth in the Credit Agreement, including Section 1.14 thereof.

     Each Incremental Lender acknowledges and agrees that the Incremental Commitments provided
pursuant to this Agreement, in the aggregate amount as set forth on Annex I hereto, shall
constitute Revolving Loan Commitments under the Credit Agreement for Revolving Loans increasing the
amount of the Revolving Loan Commitments in effect immediately prior to the effectiveness of this
Agreement.

     Furthermore, each of the parties to this Agreement hereby agree to the terms and conditions
set forth on Annex I hereto in respect of each Incremental Commitment provided pursuant to this
Agreement.

     Each Incremental Lender party to this Agreement (i) confirms that it has received a copy of
the Credit Agreement and the other Credit Documents, together with copies of the financial
statements referred to therein and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into this Agreement and to become
a Lender under the Credit Agreement, (ii) agrees that it will, independently and

 

 

without reliance upon the Administrative Agent or any other Lender and based on such documents
and information as it shall deem appropriate at the time, continue to make its own credit decisions
in taking or not taking action under the Credit Agreement, (iii) appoints and authorizes the
Administrative Agent and the Collateral Agent to take such action as agent on its behalf and to
exercise such powers under the Credit Agreement and the other Credit Documents as are delegated to
the Administrative Agent and the Collateral Agent, as the case may be, by the terms thereof,
together with such powers as are reasonably incidental thereto, (iv) agrees that it will perform in
accordance with their terms all of the obligations which by the terms of the Credit Agreement are
required to be performed by it as a Lender, and (v) in the case of each lending institution
organized under the laws of a jurisdiction outside the United States, attaches the forms prescribed
by the Internal Revenue Service of the United States, certifying as to its entitlement to a
complete exemption from United States withholding taxes with respect to all payments to be made
under the Credit Agreement and the other Credit Documents.

     This Agreement, and the Incremental Commitments provided hereunder, shall become effective on
the date (the “Agreement Effective Date”) upon which (i) all of the conditions set forth in
paragraph 2 of Annex I hereto are satisfied and (ii) the execution and delivery to the
Administrative Agent of a counterpart of this Agreement by the Administrative Agent, each
Incremental Lender, the Borrower and each Guarantor. Upon such Agreement Effective Date, (x) the
Administrative Agent shall provide prompt written notice of the occurrence of the Agreement
Effective Date to the Borrower and the Lenders (which shall, as to the occurrence of the Agreement
Effective Date, be conclusive and binding on all parties) and (y) each Incremental Lender party
hereto shall become a Lender pursuant to the Credit Agreement and, to the extent provided in this
Agreement, shall have the rights and obligations of a Lender thereunder and under the other Credit
Documents.

     The Borrower hereby acknowledges and agrees that (i) it shall be liable for all Obligations
with respect to the Incremental Commitments provided hereby, including, without limitation, any
Loans made pursuant thereto and (ii) all such Obligations shall be secured by the Collateral under,
and be entitled to the benefits of, the Security Documents.

     Each Guarantor acknowledges and agrees that all Obligations with respect to the Incremental
Commitment(s) provided hereby and any Loans made pursuant thereto shall (i) be fully guaranteed
pursuant to the respective Guaranty in accordance with the terms and provisions thereof and (ii) be
secured by the Collateral under and be entitled to the benefits of the Security Documents.

     You may accept this Agreement by signing the enclosed copies in the space provided below, and
returning one copy of same to us before the close of business on September 18, 2007. If you do not
so accept this Agreement by such time, your Incremental Commitments set forth in this Agreement
shall be deemed cancelled.

     After the execution and delivery to the Administrative Agent of a fully executed copy of this
Agreement (including by way of counterparts and by fax) by the parties hereto, this Agreement may
only be changed, modified or varied by written instrument in accordance with the requirements for
the modification of Credit Documents pursuant to Section 13.12 of the

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Credit Agreement. This Agreement shall be deemed a Credit Document as defined in, and
pursuant to, the Credit Agreement.

     In the event of any conflict between the terms of this Agreement and those of the Credit
Agreement, the terms of the Credit Agreement shall control.

     THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF
NEW YORK.

Very truly yours,

3

 

	 	 	 	 	 
	DEUTSCHE BANK TRUST COMPANY AMERICAS,

     Individually and as Administrative Agent

 	 	 
	By:  	/s/ Mary Kay Coyle
 	 	 
	 	Title: Director 	 	 
	 
	By:  	/s/ Susan LeFevre
 	 	 
	 	Title: Director 	 	 
	 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE INCREMENTAL COMMITMENT AGREEMENT DATED AS OF SEPTEMBER 18, 2007, AMONG AMERISTAR CASINOS, INC., THE LENDERS PARTY HERETO, AND DEUTSCHE BANK TRUST COMPANY AMERICAS, AS ADMINISTRATIVE AGENT

NAME OF INSTITUTION:

DEUTSCHE BANK TRUST COMPANY AMERICAS 

 	 
	 	By:  	/s/ MaryKay Coyle
 	 
	 	 	Title:  Managing Director                                                              	 
	 
	 	By:  	/s/ J.T. Coe
 	 
	 	 	Title:  Managing Director                                                              	 
	 
	 	NAME OF INSTITUTION:

WACHOVIA BANK, National Association 

 	 
	 	By:  	/s/ G. Lee Wagner, Jr.
 	 
	 	 	Title:  Vice President                                                                 	 
	 
	 	NAME OF INSTITUTION:

US BANK NATIONAL ASSOCIATION 

 	 
	 	By:  	/s/ Jennifer Mesa
 	 
	 	 	Title:  Vice President                                                                 	 
	 

Ameristar Incremental Commitment 2007

 

 

	 	 	 	 	 
	 	NAME OF INSTITUTION:

BANK OF SCOTLAND PLC, New York Branch 

 	 
	 	By:  	/s/ Joseph Fratus
 	 
	 	 	Title:  First Vice President                	 
	 
	 	NAME OF INSTITUTION:

FIRST BANK 

 	 
	 	By:  	/s/ Edward L. Dehner
 	 
	 	 	Title:  Assistant Vice President             	 
	 
	 	NAME OF INSTITUTION:

NATIXIS (formerly known as NATEXIS BANQUES POPULAIRES) 

 	 
	 	By:  	/s/ Peyman Parhami
 	 
	 	 	Title:  Director                                                                       	 
	 	 	 
	 	By:  	/s/ Mark A. Harrington
 	 
	 	 	Title:  Senior Managing Director                                                       	 
	 
	 	NAME OF INSTITUTION:

BNP PARIBAS 

 	 
	 	By:  	/s/ Janice S. H. Ho
 	 
	 	 	Title:  Managing Director             	 
	 	 	 
	 	By:  	/s/ Charles C. Jou
 	 
	 	 	Title:  Vice President                	 
	 	 	 	 

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	 	NAME OF INSTITUTION:

RAYMOND JAMES BANK, FSB 

 	 
	 	By:  	/s/ Andrew D. Hahn
 	 
	 	 	Title:  Vice President             	 
	 
	 	NAME OF INSTITUTION:

SOVEREIGN BANK 

 	 
	 	By:  	/s/ Chris D. Wolfslayer
 	 
	 	 	Title:  Senior Vice President             	 
	 
	 	NAME OF INSTITUTION:

COMMERZBANK AG, New York and Grand Cayman Branches 

 	 
	 	By:  	/s/ Christian Jagenberg
 	 
	 	 	Title:  SVP and Manager  	 
	 	 	 
	 	By:  	
/s/ Werner Schmidbauer
 	 
	 	 	Title:  SVP                                                                            	 
	 
	 	NAME OF INSTITUTION:

WELLS FARGO BANK, N.A. 

 	 
	 	By:  	/s/ James Neil
 	 
	 	 	Title:  Vice President             	 
	 
	 	NAME OF INSTITUTION:

BANK OF AMERICA, N.A. 

 	 
	 	By:  	/s/ Brian D. Corum
 	 
	 	 	Title:  Senior Vice President             	 
	 
	 	NAME OF INSTITUTION:

CAPITAL ONE, N.A. 

 	 
	 	By:  	/s/ Jennifer Elliott
 	 
	 	 	Title:  Vice President             	 
	 	 	 	 

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	Agreed and Accepted

this 18th day of September, 2007:

AMERISTAR CASINOS, INC.

 	 	 
	By:  	/s/ Peter C. Walsh
 	 	 
	 	Title: Senior Vice President and General Counsel 	 	 
	 	 	 	 
	 

Each Guarantor acknowledges and agrees to the foregoing provisions of this Incremental Commitment
Agreement, specifically including the acknowledgments and agreements made by it pursuant to the
eighth paragraph of the Agreement.

	 	 	 	 	 
	AMERISTAR CASINO VICKSBURG, INC.,

AMERISTAR CASINO COUNCIL BLUFFS, INC.,

CACTUS PETE’S, INC.,

A.C. FOOD SERVICES, INC.,

AMERISTAR CASINO ST. LOUIS, INC.,

AMERISTAR CASINO KANSAS CITY, INC.,

AMERISTAR CASINO ST. CHARLES, INC.,

AMERISTAR CASINO LAS VEGAS, INC.

AMERISTAR CASINO BLACK HAWK, INC.

RICHMOND STREET DEVELOPMENT, INC.,

AMERISTAR EAST CHICAGO HOLDINGS, LLC

     each as a Guarantor

 	 	 
	By:  	/s/ Peter C. Walsh
 	 	 
	 	Title:  Vice President 	 	 
	 	 	 	 
	 

Ameristar Incremental Commitment 2007

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ANNEX I TO INCREMENTAL

COMMITMENT AGREEMENT

DATED SEPTEMBER 18, 2007

TERMS AND CONDITIONS FOR

INCREMENTAL COMMITMENT AGREEMENT

	1.	 	INCREMENTAL COMMITMENTS

	 	 	 	 	 
	 	 	Amount of Revolving	 
	Name of Lender	 	Loan Commitment	 
	 
	Deutsche Bank Trust Company Americas
	 	$	83,000,000	 
	Wachovia Bank, National Association
	 	$	83,000,000	 
	Wells Fargo Bank, N.A.
	 	$	83,000,000	 
	Bank of America. N.A.
	 	$	83,000,000	 
	Bank of Scotland
	 	$	100,000,000	 
	US Bank National Association
	 	$	50,000,000	 
	Raymond James Bank, FSB
	 	$	40,000,000	 
	Sovereign Bank
	 	$	30,000,000	 
	Commerzbank AG, New York and Grand Cayman
Branches
	 	$	20,000,000	 
	Capital One
	 	$	10,000,000	 
	First Bank
	 	$	10,000,000	 
	Natixis
	 	$	5,000,000	 
	BNP Paribas
	 	$	3,000,000	 
	Total
	 	$	600,000,000	 
	 
	 	 	 

	2.	 	CONDITIONS PRECEDENT

     In addition to the conditions set forth above, the effectiveness of this Agreement and the
Incremental Commitments provided thereunder are subject to satisfaction of the following
conditions:

     (i) the structure and all terms of, and the documentation for, the RIH Acquisition
shall have been consummated in accordance with the Purchase Agreement, dated as of April 3,
2007, by and between Resorts International Holdings LLC and the Borrower, as the same may be
modified or amended from time to time; provided that, any such modification or
amendment that is materially adverse to the interests of the Lender shall require the
consent of the Administrative Agent;

 

 

     (ii) no Default or Event of Default shall have occurred and be continuing and all
representations and warranties contained in the Credit Agreement or any other Credit
Document are true and correct in all material respects;

     (iii) all necessary and material governmental (domestic and foreign) approvals and/ or
consents in connection with the RIH Acquisition and the incurrence of Loans made pursuant to
the Incremental Commitments shall have been obtained and remain in effect, and all
applicable waiting periods shall have expired without any action being taken by any
competent authority which restrains, prevents, or imposes materially adverse conditions upon
the consummation of the RIH Acquisition. In addition, all necessary governmental (domestic
and foreign) and material third party approvals and/or consents in connection with the
incurrence of the Loans shall have been obtained and remain in effect. Additionally, there
shall not exist any judgment, order, injunction or other restraint prohibiting or imposing
materially adverse conditions upon the RIH Acquisition or the Loans or the transactions
contemplated herein;

     (iv) since December 31, 2006, nothing shall have occurred (and the Administrative Agent
shall not have become aware of any facts or conditions not previously known) which the
Administrative Agent shall determine has had, or could reasonably be expected to have, a
Material Adverse Effect (both before and immediately after giving pro forma
effect to the RIH Acquisition);

     (v) no litigation by any entity (private or governmental) shall be pending or
threatened with respect to the RIH Acquisition or any documentation executed in connection
therewith, or which the Administrative Agent shall determine has had, or could reasonably be
expected to have, a Material Adverse Effect (both before and immediately after giving
pro forma effect to the RIH Acquisition);

     (vi) the Administrative Agent shall have received (i) from Gibson, Dunn & Crutcher LLP,
special counsel to the Borrower and its Subsidiaries, an opinion addressed to the
Administrative Agent and each of the Lenders and dated the Agreement Effective Date, which
shall be in form and substance reasonably satisfactory to the Administrative Agent, (ii)
from Bingham McHale LLP, special Indiana counsel to the Borrower and its Subsidiaries, an
opinion addressed to the Administrative Agent and each of the Lenders, which shall be in
form and substance reasonably satisfactory to the Administrative Agent and shall cover the
perfection of the security interests granted pursuant to the Mortgage, Indiana Gaming
Regulations and such other matters incident to the transactions contemplated herein as the
Administrative Agent may reasonably request, (iii) from Brownstein Hyatt Farber Schreck,
P.C., special Nevada counsel to the Borrower, in form and substance reasonably satisfactory
to the Administrative Agent and each of the Lenders, and (iv) from Royston, Rayzor, Vickery
& Williams, L.L.P., special maritime counsel to the Administrative Agent, an opinion
addressed to the Administrative Agent and each of the Lenders, which shall be in form and
substance reasonably satisfactory to the Administrative Agent;

     (vii) all costs, fees, expenses (including, without limitation, reasonable legal fees
and expenses) to the extent then due and other compensation contemplated hereby,

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payable to the Lenders or the Administrative Agent shall have been paid to the extent
due; and

     (viii) the Administrative Agent shall have received a certificate in the form of
Exhibit A attached hereto from the chairman of the board, president, any vice
president, the treasurer, any other financial officer or an authorized manager of the
Borrower, dated the Agreement Effective Date, certifying that (i) the conditions set forth
in this paragraph 2 (excluding any items to be determined by the Administrative Agent) have
been satisfied and (ii) the Purchase Agreement, dated as of April 3, 2007, by and between
Resorts International Holdings, LLC and the Borrower and all amendments thereto are in full
force and effect.

     (ix) the Borrower shall, or cause its Subsidiaries to amend each Mortgage and each Ship
Mortgage in a manner reasonably satisfactory in form and substance to the Administrative
Agent to secure the Obligations with respect to the Incremental Commitment provided hereby
and any Loans made pursuant thereto;

     (x) the Borrower shall, or cause its Subsidiaries to update all Mortgage policies, the
endorsement thereto being subject to the mortgagee’s reasonable approval;

     (xi) the Borrower shall, or cause its Subsidiaries to obtain and deliver to the
Administrative Agent any and all consents from or notices to third parties (including,
without limitation, tenants and Gaming Authorities, as applicable) necessary to borrow under
the Incremental Commitments and to consummate the RIH Acquisition;

     (xii) the Borrower shall, or shall cause its Subsidiaries to deliver to the Collateral
Agent (A) a Mortgage covering all real property acquired pursuant to the RIH Acquisition
(the “RIH Property”), (B) a Mortgage Policy for the RIH Property, (C) flood insurance
covering the RIH Property, by an insurer reasonably satisfactory to the Collateral Agent and
in an amount reasonably satisfactory to the Administrative Agent, (D) an ALTA survey of the
RIH Property certified to the Collateral Agent, (E) copies of all leases affecting the RIH
Property together with fully executed Subordination, Non-Disturbance and Attornment
Agreements, in form and substance satisfactory to the Collateral Agent, if requested by the
Collateral Agent, and (F) a landlord waiver consent satisfactory in form and substance to
the Collateral Agent;

	3.	 	COMMITMENT TERMINATION

     The commitment of each Incremental Lender under this Agreement shall terminate on October 31,
2007 unless the RIH Acquisition has been consummated. The Borrower shall have the right, at any
time upon written notice to the Administrative Agent, to terminate the commitment of the
Incremental Lenders under this Agreement.

	4.	 	MISCELLANEOUS

     The Borrower agrees to pay all reasonable out-of-pocket costs and expenses in connection with
the negotiation and execution of the amendments to the Mortgages, Ship Mortgages, deeds of trust
and any and all other agreements and documents relating to the Real

3

 

Property or the Ship Property, including, without limitation, recordation and filing fees,
taxes, reasonable attorneys’ fees and expenses, and, to the extent incurred in connection with
updating the Mortgage Policies, charges for title examination and title insurance premiums. In
addition, the Borrower acknowledges that certain notice filings with respect to this Agreement need
to be completed pursuant to the Gaming Regulations applicable to the Borrower and its Subsidiaries.
The Borrower agrees to complete all such filings, and to cause its Subsidiaries to complete such
filings, in a timely manner and to notify the Administrative Agent upon the completion thereof.

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EXHIBIT A

INCREMENTAL COMMITMENT AGREEMENT OFFICER’S CERTIFICATE

     I, the undersigned, [Authorized Officer] of AMERISTAR CASINOS, INC., a corporation organized
and existing under the laws of the State of Nevada (the “Company”), do hereby certify on
behalf of the Company that:

     1. This Certificate is furnished pursuant to (x) paragraph 2(viii) of Annex I to the
Incremental Commitment Agreement, dated as of September 18, 2007, among the Borrower,
[_______________], as Incremental Lender and the Administrative Agent and the Subsidiary
Guarantors named therein (the “Incremental Commitment Agreement”) and (y) Section
8.13(a)(vii) of the Credit Agreement (as defined in the Incremental Commitment Agreement). Unless
otherwise defined herein, capitalized terms used in this Certificate shall have the meanings set
forth in the Incremental Commitment Agreement.

     2. On the date hereof, all of the conditions set forth in Section 2(i), 2(ii), 2(iii), 2(iv),
2(v) and 2(xi) of Annex I to the Incremental Commitment Agreement (excluding any items to be
determined by the Administrative Agent) have been satisfied.

     3. Attached hereto as Annex A is a true and correct copy of the Purchase Agreement,
dated as of April 3, 2007, by and between Resorts International Holdings, LLC. and Ameristar
Casinos, Inc. and all amendments thereto, which is in full force and effect.

     4. The requirements set forth in Section 8.13(i) through (vi) of the Credit Agreement have
been met.

     5. Attached hereto as Annex 1 are calculations showing compliance by the Borrower with the
covenants contained in Sections 9.08, 9.09 and 9.10, on a Pro Forma Basis giving
effect to the RIH Acquisition as if it had occurred on the first day of the relevant calculation
period.

     6. The consideration paid for the RIH Acquisition is $[____________].

 

 

ANNEX I

[CALCULATIONS]

 

 

     IN WITNESS WHEREOF, I have hereunto on behalf of the Company set my hand this ___day of
September, 2007.

	 	 	 	 	 
	 	AMERISTAR CASINOS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Ameristar Incremental Commitment 2007exv10w1

 

Exhibit 10.1

SIXTH AMENDMENT

TO

AMENDED AND RESTATED CREDIT AGREEMENT

dated as of

September 17, 2007

among

GOODRICH PETROLEUM COMPANY, L.L.C.,

as Borrower,

BNP PARIBAS,

as Administrative Agent,

and

The Lenders Party Hereto

 

 

SIXTH AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

     THIS SIXTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Sixth Amendment”)
dated as of September 17, 2007, is among GOODRICH PETROLEUM COMPANY, L.L.C., a Louisiana
limited liability company (“Borrower”); each of the undersigned Guarantors (collectively,
the “Guarantors”); BNP PARIBAS, as administrative agent (in such capacity, together with
its successors in such capacity, “Administrative Agent”) for the lenders party to the
Credit Agreement referred to below (collectively, the “Lenders”); and the undersigned
Lenders.

R E C I T A L S

     A. Borrower, Administrative Agent and the Lenders are parties to that certain Amended and
Restated Credit Agreement dated as of November 17, 2005, as amended by the First Amendment to
Amended and Restated Credit Agreement, dated December 14, 2005, the Second Amendment to Amended and
Restated Credit Agreement, dated June 21, 2006, the Third Amendment to Amended and Restated Credit
Agreement, dated August 30, 2006, the Fourth Amendment to Amended and Restated Credit Agreement,
dated November 30, 2006 and the Fifth Amendment to Amended and Restated Credit Agreement, dated
August 7, 2007 (as amended, the “Credit Agreement”), pursuant to which the Lenders have
made certain loans to and other extensions of credit on behalf of Borrower.

     B. Borrower has requested, and the Lenders have agreed, to amend certain provisions of the
Credit Agreement.

     C. 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 used herein but not otherwise defined
herein has the meaning given such term in the Credit Agreement. Unless otherwise indicated, all
article and section references in this Sixth Amendment refer to articles and sections of the Credit
Agreement.

     Section 2. Amendments to Credit Agreement.

     2.1 Definitions. Section 1.1 is hereby amended by amending and restating the
definition of “Agreement” as follows:

“Agreement” means this Amended and Restated Credit Agreement, as amended by
the First Amendment to Amended and Restated Credit Agreement, dated December 14,
2005, the Second Amendment to Amended and Restated Credit Agreement, dated June 21,
2006, the Third Amendment to Amended and Restated Credit Agreement, dated August 30,
2006, the Fourth Amendment to Amended and Restated Credit Agreement, dated November
30, 2006, the Fifth Amendment to Amended and Restated Credit Agreement, dated August
7, 2007 and the Sixth Amendment to Amended and Restated Credit Agreement, dated
September 17, 2007.

 

 

     2.2 Amendment to Section 9.20. Section 9.20 is hereby amended and restated in its
entirety as follows:

“Section 9.20 Swap Agreements. The Borrower will not, and will not permit
any Restricted Company to, enter into any commodity Swap Agreements with any Person
which would cause the notional volumes for which (when aggregated with other
commodity Swap Agreements then in effect other than basis differential swaps on
volumes already hedged pursuant to other Swap Agreements) to exceed, as of the date
such Swap Agreement is executed, (a) 100% of the Current Production for each month
during the period during which such Swap Agreement is in effect for each of crude
oil and natural gas, calculated separately, for the 24 month period following the
date such Swap Agreement is entered into, (b) 75% of the Current Production for each
month during the period during which such Swap Agreement is in effect for each of
crude oil and natural gas, calculated separately, for the 18 month period following
the 24 month period referenced in Section 9.20(a) and (c) 50% of the Current
Production for each month during the period during which such Swap Agreement is in
effect for each of crude oil and natural gas, calculated separately, for the 6 month
period following the 42 month period referenced in Sections 9.20(a) and (b). In no
event shall any Swap Agreement contain any requirement, agreement or covenant for
the Borrower or any Restricted Company to post collateral or margin to secure their
obligations under such Swap Agreement or to cover market exposures.”

     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 14.8 of the Credit Agreement) (the “Effective Date”):

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

          3.2 The Administrative Agent shall have received such other documents as Administrative Agent
or special counsel to Administrative Agent may reasonably request.

          3.3 No Default shall have occurred and be continuing, after giving effect to the terms of this
Sixth Amendment.

          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. Borrower and each
Guarantor hereby (a) acknowledges the terms of this Sixth Amendment; (b) ratifies and

2

 

affirms its obligations under, and acknowledges, renews and extends 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, except as expressly amended or modified hereby,
notwithstanding the amendments and modifications contained herein and (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 has occurred and
is continuing and (iii) since November 17, 2005, there has been no event, development or
circumstance that has had or could reasonably be expected to have a Material Adverse Event.

          4.3 Loan Document. This Sixth Amendment is a “Loan Document” as defined and described
in the Credit Agreement and all of the terms and provisions of the Credit Agreement relating to
Loan Documents shall apply hereto.

          4.4 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 facsimile
transmission shall be effective as delivery of a manually executed counterpart hereof.

          4.5 NO ORAL AGREEMENT. THIS SIXTH AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER LOAN
DOCUMENTS EXECUTED IN CONNECTION HEREWITH AND THEREWITH REPRESENT THE FINAL AGREEMENT AMONG 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.

          4.6 GOVERNING LAW. THIS SIXTH AMENDMENT (INCLUDING, BUT NOT LIMITED TO, THE VALIDITY
AND ENFORCEABILITY HEREOF) SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF TEXAS.

[SIGNATURES BEGIN NEXT PAGE]

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

	 	 	 	 	 
	BORROWER: 	GOODRICH PETROLEUM COMPANY, L.L.C.

 	 
	 	By:  	/s/ David R. Looney
 	 
	 	 	Name:  	David R. Looney 	 
	 	 	Title:  	Executive Vice President & Chief Financial Officer 	 
	 
	GUARANTORS: 	GOODRICH PETROLEUM CORPORATION

 	 
	 	By:  	/s/ David R. Looney
 	 
	 	 	Name:  	David R. Looney 	 
	 	 	Title:  	Executive Vice President & Chief Financial Officer 	 
	 

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	ADMINISTRATIVE AGENT: 	BNP Paribas, as a Lender and as Administrative Agent

 	 
	 	By:  	/s/ Brian M. Malone
 	 
	 	 	Name:  	Brian M.  Malone 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	                                            /s/ Polly Schott
 	 
	 	 	Name:  	Polly Schott 	 
	 	 	Title:  	Vice President 	 
	 

S-2

 

	 	 	 	 	 
	LENDERS: 	Comerica Bank, as Lender

 	 
	 	By:  	/s/ Josh Strong
 	 
	 	 	Name:  	Josh Strong      	 
	 	 	Title:  	Assistant Vice President 	 
	 
	 	BMO Capital Markets Financing, Inc. (formerly known

as Harris Nesbitt Financing, Inc.), as Lender

 	 
	 	By:  	/s/ James V. Ducote
 	 
	 	 	Name:  	James V. Ducote      	 
	 	 	Title:  	Director 	 
	 
	 	The Prudential Insurance Company of America, as

Lender

 	 
	 	By:  	/s/ Brian N. Thomas
 	 
	 	 	Name:  	Brian N. Thomas      	 
	 	 	Title:  	Vice President 	 
	 
	 	Deutsche Bank Trust Company Americas, as Lender

 	 
	 	By:  	/s/ Dusan Lazarov
 	 
	 	 	Name:  	Dusan Lazarov      	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 
	 	By:  	                             /s/ Omayra Laucella
 	 
	 	 	Name:  	Omayra Laucella      	 
	 	 	Title:  	Vice President 	 
	 

S-3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}]]