FORBEARANCE AGREEMENTForbearance Agreement • April 15th, 2021 • Basic Energy Services, Inc. • Oil & gas field services, nec • New York
This FORBEARANCE AGREEMENT (this “Agreement”) is entered into as of April 14, 2021 (the “Effective Date”) by and among BASIC ENERGY SERVICES, INC., a Delaware corporation (the “Borrower”), the Subsidiaries of Borrower party to this Agreement (collectively, the “Guarantors”), the Lenders party to this Agreement constituting the Required Lenders, and BANK OF AMERICA, N.A., a national banking association (“Bank of America”), as administrative agent for the Secured Parties (in such capacity, “Administrative Agent”), a Swing Line Lender and an L/C Issuer.
