REVOLVING CREDIT, TERM LOAN AND SECURITY AGREEMENT PNC BANK, NATIONAL ASSOCIATION (AS LENDER AND AS AGENT) WITH GEOKINETICS INC., GEOPHYSICAL DEVELOPMENT CORPORATION, QUANTUM GEOPHYSICAL, INC., TRACE ENERGY SERVICES LTD., AND TRACE ENERGY SERVICES,...Revolving Credit, Term Loan and Security Agreement • June 16th, 2006 • Geokinetics Inc • Crude petroleum & natural gas • Texas
Revolving Credit, Term Loan and Security Agreement dated as of June 8, 2006 among GEOKINETICS INC., a Delaware corporation (“Geokinetics”), GEOPHYSICAL DEVELOPMENT CORPORATION, a Texas corporation (“GDC”), QUANTUM GEOPHYSICAL, INC., a Texas corporation (“Quantum”), TRACE ENERGY SERVICES LTD., an entity organized under the laws of Canada (“Trace Energy (Canada)”), and TRACE ENERGY SERVICES, INC., a Texas corporation (“Trace Energy (U.S.)”) (Geokinetics, GDC, Quantum, Trace Energy (Canada) and Trace Energy (U.S.), each a “Borrower,” and collectively, “Borrowers”), the financial institutions which are now or which hereafter become a party hereto (collectively, the “Lenders” and individually a “Lender”) and PNC BANK, NATIONAL ASSOCIATION (“PNC”), as agent for Lenders (PNC, in such capacity, the “Agent”).
