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Title: |
Credit Agreement |
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Entities: |
Bank One, NA; Energy Partners, Ltd.; Enron Corp.; Facet Holdings Corp; Union Bank of California, NA; International Swaps & Derivatives Association, Inc.; Bracewell & Patterson L.L.P. |
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Date: |
2006 |
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Size: |
Preview shows 6KB of 624KB total |
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Price: |
$99 |
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ID: |
#2515526 |
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CREDIT AGREEMENT
dated as of March 2, 2004
Among
MARINER ENERGY, INC.
as Borrower,
THE LENDERS PARTY HERETO FROM TIME TO TIME
as Lenders,
UNION BANK OF CALIFORNIA, N.A.
as Administrative Agent and as Issuing Lender
and
BNP PARIBAS, as Syndication Agent
----------------------------------------------
UNION BANK OF CALIFORNIA, N.A.
and
BNP PARIBAS,
Joint Lead Arrangers and Joint Book Running Managers
----------------------------------------------
{PAGE}
TABLE OF CONTENTS
{TABLE}
{CAPTION}
Page
{S} {C}
ARTICLE I DEFINITIONS AND ACCOUNTING TERMS............................. 1
Section 1.01 Certain Defined Terms.................................. 1
Section 1.02 Computation of Time Periods............................ 20
Section 1.03 Accounting Terms; Changes in GAAP...................... 20
Section 1.04 Types and Classes of Advances.......................... 20
Section 1.05 Miscellaneous.......................................... 20
ARTICLE II CREDIT FACILITIES............................................ 21
Section 2.01 Commitment for Advances................................ 21
Section 2.02 Borrowing Base......................................... 21
Section 2.03 Method of Borrowing.................................... 24
Section 2.04 Reduction of the Commitments........................... 27
Section 2.05 Prepayment of Advances................................. 27
Section 2.06 Repayment of Advances.................................. 29
Section 2.07 Letters of Credit...................................... 30
Section 2.08 Fees................................................... 33
Section 2.09 Interest............................................... 34
Section 2.10 Payments and Computations.............................. 35
Section 2.11 Sharing of Payments, Etc............................... 36
Section 2.12 Breakage Costs......................................... 37
Section 2.13 Increased Costs........................................ 37
Section 2.14 Taxes.................................................. 38
ARTICLE III CONDITIONS OF LENDING........................................ 40
Section 3.01 Conditions Precedent to Initial Advances............... 40
Section 3.02 Conditions Precedent to All Borrowings................. 45
ARTICLE IV REPRESENTATIONS AND WARRANTIES............................... 45
Section 4.01 Corporate Existence; Subsidiaries...................... 45
Section 4.02 Corporate Power........................................ 46
Section 4.03 Authorization and Approvals............................ 46
Section 4.04 Enforceable Obligations................................ 46
Section 4.05 Financial Statements................................... 46
{/TABLE}
{PAGE}
{TABLE}
{S} {C}
Section 4.06 True and Complete Disclosure..................... 47
Section 4.07 Litigation; Compliance with Law.................. 47
Section 4.08 Use of Proceeds.................................. 48
Section 4.09 Investment Company Act........................... 48
Section 4.10 Public Utility Holding Company Act............... 48
Section 4.11 Taxes............................................ 48
Section 4.12 Pension Plans.................................... 49
Section 4.13 Condition of Property; Casualties................ 49
Section 4.14 No Burdensome Restrictions; No Defaults.......... 50
Section 4.15 Environmental Condition.......................... 50
Section 4.16 Permits, Licenses, Etc........................... 51
Section 4.17 Gas Contracts.................................... 51
Section 4.18 Liens; Titles, Leases, Etc....................... 51
Section 4.19 Solvency......................................... 52
Section 4.20 Hedging Agreements............................... 52
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