CREDIT AGREEMENT DATED AS OF JUNE 29, 2001 AMONG SEITEL, INC., THE LENDERS, BANK ONE, NA AS AGENT AND LC ISSUER AND COMERICA BANK - TEXAS AS SYNDICATION AGENT BANC ONE CAPITAL MARKETS, INC. AS LEAD ARRANGER AND SOLE BOOK RUNNERCredit Agreement • August 14th, 2001 • Seitel Inc • Oil & gas field exploration services • Texas
This Agreement, dated as of June 29, 2001, is among Seitel, Inc., a Delaware corporation, the Lenders, Bank One, NA, a national banking association having its principal office in Chicago, Illinois, as LC Issuer and as Agent and Comerica Bank - Texas, as Syndication Agent. The parties hereto agree as follows:
NOTELoan Agreement • August 14th, 2001 • Seitel Inc • Oil & gas field exploration services
Seitel, Inc., a Delaware corporation (the "Borrower"), promises to pay to the order of Comerica Bank - Texas (the "Lender") the principal amount of Twenty-Five Million and No/100 Dollars ($25,000,000.00) or, if less, the aggregate unpaid principal amount of all Loans made by the Lender to the Borrower pursuant to Article II of the Agreement (as hereinafter defined), in immediately available funds at the main office of Bank One, NA in Chicago, Illinois, as Agent, together with interest on the unpaid principal amount hereof at the rates and on the dates set forth in the Agreement. The Borrower shall pay the principal of and accrued and unpaid interest on the Loans in full on the Facility Termination Date.
