EXHIBIT 10.375 SECURITY AGREEMENT ------------------ SECURITY AGREEMENT, dated as of September 14, 2001, between BLACK WARRIOR WIRELINE CORP., a Delaware corporation (the "Grantor") and GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation,...Security Agreement • October 11th, 2001 • Black Warrior Wireline Corp • Oil & gas field services, nec • New York
TERM NOTE ---------Black Warrior Wireline Corp • October 11th, 2001 • Oil & gas field services, nec
This Term Note is one of the Term Notes issued pursuant to that certain Credit Agreement dated as of September 14, 2001 by and among Borrower, the other Persons named therein as Credit Parties, Agent, Lender and the other Persons signatory thereto from time to time as Lenders (including all annexes, exhibits and schedules thereto and as from time to time amended, restated, supplemented or otherwise modified, the "Credit Agreement"), and is entitled to the benefit and security of the Credit Agreement, the Security Agreement and all of the other Loan Documents referred to therein. Reference is hereby made to the Credit Agreement for a statement of all of the terms and conditions under which the Loans evidenced hereby are made and are to be repaid. The principal balance of the Term Loan, the rates of interest applicable thereto and the date and amount of each payment made on account of the principal thereof, shall be recorded by Agent on its books; provided that the failure of Agent to ma
ANNEX A (RECITALS) -------- TO CREDIT AGREEMENT ---------------- DEFINITIONS -----------Credit Agreement • October 11th, 2001 • Black Warrior Wireline Corp • Oil & gas field services, nec
REVOLVING NOTE --------------Revolving Note • October 11th, 2001 • Black Warrior Wireline Corp • Oil & gas field services, nec
This Revolving Note is one of the Revolving Notes issued pursuant to that certain Credit Agreement dated as of September 14, 2001 by and among Borrower, the other Persons named therein as Credit Parties, Agent, Lender and the other Persons signatory thereto from time to time as Lenders (including all annexes, exhibits and schedules thereto, and as from time to time amended, restated, supplemented or otherwise modified, the "Credit Agreement"), and is entitled to the benefit and security of the Credit Agreement, the Security Agreement and all of the other Loan Documents referred to therein. Reference is hereby made to the Credit Agreement for a statement of all of the terms and conditions under which the Loans evidenced hereby are made and are to be repaid. The date and amount of each Revolving Credit Advance made by Lenders to Borrower, the rates of interest applicable thereto and each payment made on account of the principal thereof, shall be recorded by Agent on its books; provided t
CAPEX NOTE ----------Black Warrior Wireline Corp • October 11th, 2001 • Oil & gas field services, nec • New York
This CapEx Note is one of the CapEx Notes issued pursuant to that certain Credit Agreement dated as of September 14, 2001 by and among Borrower, the other Persons named therein as Credit Parties, Agent, Lender and the other Persons signatory thereto from time to time as Lenders (including all annexes, exhibits and schedules thereto, and as from time to time amended, restated, supplemented or otherwise modified, the "Credit Agreement"), and is entitled to the benefit and security of the Credit Agreement, the Security Agreement and all of the other Loan Documents referred to therein. Reference is hereby made to the Credit Agreement for a statement of all of the terms and conditions under which the Loans evidenced hereby are made and are to be repaid. The date and amount of each CapEx Advance made by Lenders to Borrower, the rates of interest applicable thereto and each payment made on account of the principal thereof, shall be recorded by Agent on its books; provided that the failure of
ANNEX F (SECTION 6.10) ------------ TO CREDIT AGREEMENT ----------------Credit Agreement • October 11th, 2001 • Black Warrior Wireline Corp • Oil & gas field services, nec
