TERM LOAN AND SECURITY AGREEMENT dated as of December 23, 2002 between MERRILL LYNCH CAPITAL, a division of Merrill Lynch Business Financial Services Inc., as MLC, and PIONEER DRILLING SERVICES, LTD., as CustomerTerm Loan and Security Agreement • January 3rd, 2003 • Pioneer Drilling Co • Drilling oil & gas wells • Illinois
TERM LOAN AND SECURITY AGREEMENT dated as of December 23, 2002, between PIONEER DRILLING SERVICES, LTD., a limited partnership organized and existing under the laws of the State of Texas having its principal office at 9310 Broadway, Bldg. I, San Antonio, Texas 78217 ("Customer"), and MERRILL LYNCH CAPITAL, a division of Merrill Lynch Business Financial Services Inc., a corporation organized and existing under the laws of the State of Delaware having its principal office at 222 North LaSalle Street, Chicago, IL 60601 ("MLC").
