EXHIBIT 10.14
TERMINATION OF CHARTER PAYMENTS AGREEMENT
Agreement dated as of November 29, 1995 (the "Agreement")
among Reading & Xxxxx Corporation, a corporation organized and
existing under the laws of the State of Delaware ("RBC"),
Reading & Xxxxx Drilling Co., a corporation organized and
existing under the laws of the State of Oklahoma ("RBD"),
Reading & Xxxxx Exploration Co., a corporation organized and
existing under the laws of the State of Oklahoma ("RBX") and
Reading and Xxxxx, Inc., a corporation organized and existing
under the laws of the State of Oklahoma ("RBI") (RBC, RBD, RBX
and RBI being referred to collectively as the "Borrowers") and
Internationale Nederlanden Bank N.V., a company incorporated
under the laws of The Netherlands (the "Lender").
W I T N E S S E T H:
WHEREAS, the Lender and the Borrowers wish to terminate,
by mutual agreement that Charter Payments Agreement dated as
of September 30, 1991, as amended by Amendment No. 1 dated as
of June 30, 1992 (as so amended, the "Charter Payments
Agreement") among the Borrowers and Lenders;
NOW THEREFORE, in consideration of the above recitals and
for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged:
The Borrowers and the Lender mutually agree to terminate
the Charter Payments Agreement, effective as of the date first
written above (the "Effective Date"), with neither Borrowers
nor Lender having any liability or obligation to the other
under the Charter Payments Agreement after the Effective Date.
All capitalized terms used herein but not defined herein
shall have the meanings given to them in the Charter Payments
Agreement.
THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK.
IN WITNESS WHEREOF, the parties hereto have duly executed
this Agreement as of the date first written above.
READING & XXXXX CORPORATION
By:
Name:
Title:
READING & XXXXX DRILLING CO.
By:
Name:
Title:
READING & XXXXX EXPLORATION CO.
By:
Name:
Title:
READING AND XXXXX, INC.
By:
Name:
Title:
INTERNATIONALE NEDERLANDEN BANK N.V.
By:
Name:
Title:
