AMENDED AND RESTATED WAIVER ESCROW AGREEMENTWaiver Escrow Agreement • November 9th, 2009 • Parallel Petroleum Corp • Crude petroleum & natural gas • New York
This Amended and Restated Waiver Escrow Agreement (this “Agreement”), dated as of the 9th day of November, 2009, is made by and among PLLL Holdings, LLC, a Delaware limited liability company (“Holdings”), Parallel Petroleum Corporation, a Delaware corporation (“Parallel”), Citibank, N.A., a national banking association, as administrative agent (“Administrative Agent”) for each of the lenders (collectively, the “Lenders”) that is a signatory to that certain Fourth Amended and Restated Credit Agreement, as amended or restated, between Parallel and the Lenders (the “Credit Agreement”), and Citibank, N.A., a national banking association acting through its Agency & Trust Department, as escrow agent (“Escrow Agent”).
FOURTH AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENTCredit Agreement • November 9th, 2009 • Parallel Petroleum Corp • Crude petroleum & natural gas • Texas
This Fourth Amendment to Fourth Amended and Restated Credit Agreement (this “Fourth Amendment”) dated as of November 9, 2009, but except as otherwise specifically provided herein to be effective as of the Amendment Effective Date (defined below), is by and among PARALLEL PETROLEUM CORPORATION, a Delaware corporation (“Borrower”), and CITIBANK, N.A., BNP PARIBAS, WESTERN NATIONAL BANK, COMPASS BANK, BANK OF SCOTLAND plc, TEXAS CAPITAL BANK, N.A., BANK OF AMERICA, N.A. and WEST TEXAS NATIONAL BANK (collectively, “Lenders”), and CITIBANK, N.A., as Joint Lead Arranger and as Administrative Agent (“Agent”) and BNP PARIBAS, as Joint Lead Arranger and as Syndication Agent.
