FORBEARANCE AGREEMENTForbearance Agreement • September 10th, 2009 • Meridian Resource Corp • Crude petroleum & natural gas • New York
THIS FORBEARANCE AGREEMENT (this “Agreement”) is made as of September 3, 2009, by and among FORTIS CAPITAL CORP., a Connecticut corporation (“FCC”), FORTIS ENERGY MARKETING & TRADING GP, a Delaware general partnership (formerly known as Fortis Energy LLC, a Delaware limited liability company, “FEMT”), THE MERIDIAN RESOURCE CORPORATION, a Texas corporation (“Meridian”), and the undersigned Guarantors (the “Guarantors”).
FORBEARANCE AND AMENDMENT AGREEMENTForbearance and Amendment Agreement • September 10th, 2009 • Meridian Resource Corp • Crude petroleum & natural gas • Texas
THIS FORBEARANCE AND AMENDMENT AGREEMENT (the “Agreement”) is made as of September 3, 2009, by and among THE MERIDIAN RESOURCE CORPORATION, a Texas corporation (the “Borrower”), the undersigned Guarantors (the “Guarantors”), the several banks, financial institutions and other entities from time to time parties to the Credit Agreement (as defined below) (collectively, the “Lenders”), and FORTIS CAPITAL CORP. (“Fortis” or the “Administrative Agent”), as administrative agent for the Lenders.
FORBEARANCE AND AMENDMENT AGREEMENTForbearance and Amendment Agreement • September 10th, 2009 • Meridian Resource Corp • Crude petroleum & natural gas • New York
THIS FORBEARANCE AND AMENDMENT AGREEMENT (this “Agreement”) is made as of September 3, 2009, by and among TMR DRILLING CORPORATION, a Texas corporation (the “Borrower”), THE MERIDIAN RESOURCE CORPORATION, a Texas corporation (“Meridian”), THE MERIDIAN RESOURCE & EXPLORATION LLC, a Delaware limited liability company (“TMR Exploration,” and collectively with the Borrower and Meridian, the “CIT Credit Parties”) and THE CIT GROUP/EQUIPMENT FINANCING, INC. (“CIT”), in its capacity as Administrative Agent and Lender under the CIT Credit Agreement (as defined below).
FORBEARANCE AND AMENDMENT AGREEMENTForbearance and Amendment Agreement • September 10th, 2009 • Meridian Resource Corp • Crude petroleum & natural gas • Texas
THIS FORBEARANCE AND AMENDMENT AGREEMENT (this “Agreement”) is made as of September 3, 2009, by and among THE MERIDIAN RESOURCE CORPORATION, a Texas corporation (“Meridian”), THE MERIDIAN RESOURCE & EXPLORATION LLC, a Delaware limited liability company (“TMRX”), and TMR DRILLING CORPORATION, a Texas corporation (“TMR Drilling,” and together with Meridian and TMRX, the “Meridian Group”), and ORION DRILLING COMPANY LLC, a Texas limited liability company and successor to Orion Drilling Company, LP (“Orion”). Each of Meridian, TMRX, TMR Drilling, and Orion may be referred to herein individually as a “Party” and collectively as the “Parties.”
