UNION
Exhibit 4.2
UNION |
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BANK OF |
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CALIFORNIA |
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ENERGY CAPITAL SERVICES |
June 8, 2004
Edge Petroleum Corporation
Edge Petroleum Exploration Company
Edge Petroleum Operating Company, Inc.
Xxxxxx Oil Company
Xxxxxx Exploration Company
1301 Xxxxxx, Suite 2000
Houston, Texas 77002
Attention: Mr. Xxxx Xxxx
Gentlemen:
Reference is hereby made to that certain Third Amended and Restated Credit Agreement in the amount of up to $100.0 million by and among Edge Petroleum Corporation, Edge Petroleum Exploration Company, Edge Petroleum Operating Company, Inc., Xxxxxx Oil Company and Xxxxxx Exploration Company as Borrowers and Union Bank of California, N.A. and BNP Paribas as Lenders dated as of December 31, 2003 (the “Credit Agreement”). All capitalized terms herein shall have the meaning assigned to such terms in the Credit Agreement unless otherwise defined herein.
The purpose of this letter is to inform you that the Agent and Required Lenders have redetermined the Borrowing Base pursuant to Section 2.10 of the Credit Agreement. Effective immediately upon your execution of a counterpart of this letter and the return thereof to the Agent as well as upon payment of all fees due, the Borrowing Base shall be in the amount of $45.0 million and shall be effective until the next redetermination thereof pursuant to Section 2.10 of the Credit Agreement.
All other terms and conditions contained in the Credit Agreement remain unchanged and in full force and effect.
If you are in agreement with the forgoing please evidence your agreement by executing this letter in the space provided and returning one fully-executed counterpart to the undersigned.
Sincerely,
/s/ Xxxxxx X. Xxxxxxxxx |
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Xxxxxx X. Xxxxxxxxx |
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Senior Vice President |
ACCEPTED and AGREED
This 8 day of June, 2004
/s/ Xxxxxxx X. Xxxx |
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Authorized Officer on behalf of Xxxxxxxxx |
0000 XXXXXXX XXXXX, 000 XXXXX XXXXX, XXXXXX, XXXXX 00000