Common Contracts

2 similar Renewal, Extension and Modification Agreement contracts by Mitcham Industries Inc

EX-10.23 5 h45448exv10w23.htm RENEWAL EXTENSION AND MODIFICATION AGREEMENT
Renewal, Extension and Modification Agreement • May 5th, 2020

Exhibit 10.23 RENEWAL. EXTENSION AND MODIFICATION AGREEMENT THE STATE OF TEXAS § COUNTY OF VICTORIA § KNOW ALL MEN BY THESE PRESENTS: THAT WHEREAS, Mitcham Industries, Inc., hereinafter referred to as Borrower” (whether one or more), executed a promissory note to First Victoria National Bank, hereinafter referred to as “Lender,” in the original principal sum of Twelve Million Five Hundred Thousand Dollars ($12,500,000.00), dated the 27th day of June, 2005, and bearing interest at the prime rate published in the Wall Street Journal, as therein provided; and WHEREAS, said note evidences a Loan described in and governed by the terms of a Loan Agreement of the same date (the “Loan Agreement”) between Borrower and Lender, which loan is secured by security interests granted by Borrower to Lender in all assets of Borrower under the terms of the Loan Agreement and a separate security agreement of the same date between Borrower and Lender (the “Security Agreement”) and by the assignment of Borr

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RENEWAL. EXTENSION AND MODIFICATION AGREEMENT
Renewal, Extension and Modification Agreement • April 16th, 2007 • Mitcham Industries Inc • Services-equipment rental & leasing, nec

THAT WHEREAS, Mitcham Industries, Inc., hereinafter referred to as Borrower” (whether one or more), executed a promissory note to First Victoria National Bank, hereinafter referred to as “Lender,” in the original principal sum of Twelve Million Five Hundred Thousand Dollars ($12,500,000.00), dated the 27th day of June, 2005, and bearing interest at the prime rate published in the Wall Street Journal, as therein provided; and

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