CREDIT AGREEMENT among READING & BATES CORPORATION, READING & BATES DRILLING CO., VARIOUS SUBSIDIARIES OF READING & BATES DRILLING CO., RB DEEPWATER EXPLORATION III INC., VARIOUS LENDING INSTITUTIONS, CREDIT LYONNAIS NEW YORK BRANCH, as SYNDICATION...Credit Agreement • August 14th, 1998 • R&b Falcon Corp • Drilling oil & gas wells • New York
W I T N E S S E T H : WHEREAS, R&BFD, R&B Drilling and the Bank are parties to a Letter of Credit Agreement, dated as of December 30, 1996 (as in effect on the date hereof, the "L/C Agreement"); andLetter of Credit Agreement • August 14th, 1998 • R&b Falcon Corp • Drilling oil & gas wells • New York
