CREDIT AGREEMENT dated as of September 28, 2010 among BASIC ENERGY SERVICES, INC., A DELAWARE CORPORATION, as Borrower, THE SUBSIDIARY GUARANTORS PARTY HERETO, as Subsidiary Guarantors, THE LENDERS PARTY HERETO, and CAPITAL ONE, NATIONAL ASSOCIATION,...Credit Agreement • October 4th, 2010 • Basic Energy Services Inc • Oil & gas field services, nec • Texas
This CREDIT AGREEMENT (this “Agreement”) dated as of September 28, 2010, among BASIC ENERGY SERVICES, INC., a Delaware corporation (“Borrower”), the SUBSIDIARY GUARANTORS PARTY HERETO, as the Subsidiary Guarantors (such term and each other capitalized term used but not defined herein having the meaning given to it in Article I), the Lenders, “Swingline Lender” and CAPITAL ONE, NATIONAL ASSOCIATION, as issuing bank (in such capacity, “Issuing Bank”), as administrative agent (in such capacity, “Administrative Agent”) for the Lenders, and as collateral agent (in such capacity, “Collateral Agent”) for the Secured Parties.
SECURITY AGREEMENT Dated as of September 28, 2010 among BASIC ENERGY SERVICES, INC. and the other Debtors parties hereto in favor of CAPITAL ONE, NATIONAL ASSOCIATION, as Collateral AgentSecurity Agreement • October 4th, 2010 • Basic Energy Services Inc • Oil & gas field services, nec • Texas
This SECURITY AGREEMENT dated as of September 28, 2010 (this “Agreement”), is among BASIC ENERGY SERVICES, INC., a Delaware corporation (the “Borrower”), the undersigned subsidiaries of the Borrower (the Borrower and such undersigned subsidiaries collectively being the “Debtors”), and CAPITAL ONE, NATIONAL ASSOCIATION, in its capacity as collateral agent (in such capacity, the “Collateral Agent”) for the benefit of the holders of the Secured Obligations (as defined below).
