COMMITMENT INCREASE AND JOINDER AGREEMENT (Commitment Increase Pursuant to Section 2.14 of Credit Agreement)Commitment Increase Agreement • August 21st, 2006 • Patterson Uti Energy Inc • Drilling oil & gas wells • Texas
This COMMITMENT INCREASE AND JOINDER AGREEMENT (this “Agreement”) dated as of August 2, 2006 (the “Increase Effective Date”) is entered into by and among PATTERSON-UTI ENERGY, INC., a Delaware corporation (“Borrower”), the undersigned Guarantors, the undersigned Lenders as defined in the Credit Agreement who are increasing their Commitments (as defined in the Credit Agreement) (collectively, the “Increasing Lenders”), each New Lender (hereinafter defined), BANK OF AMERICA, N.A., as administrative agent (in such capacity, the “Administrative Agent”), L/C Issuer, and Lender. As used herein, “Existing Lenders” means the Lenders who are parties to the Credit Agreement prior to the Increase Effective Date, and “New Lender” means each financial institution that is named as a Lender on the signature pages hereto that is not an Existing Lender and the term “Lenders” means, collectively, the New Lenders and the Existing Lenders.
