TERM LOAN AGREEMENT Dated as of March 18, 2015 among PATTERSON – UTI ENERGY, INC., as the Borrower, WELLS FARGO BANK, N.A., as Administrative Agent and a Lender, and The Other Lenders Party Hereto WELLS FARGO SECURITIES, LLC as Lead Arranger and Sole...Term Loan Agreement • March 18th, 2015 • Patterson Uti Energy Inc • Drilling oil & gas wells • New York
This TERM LOAN AGREEMENT is entered into as of March 18, 2015 among PATTERSON – UTI ENERGY, INC., a Delaware corporation (the “Borrower”), each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), and WELLS FARGO BANK, N.A., as Administrative Agent and a Lender.
CONTINUING GUARANTYContinuing Guaranty • March 18th, 2015 • Patterson Uti Energy Inc • Drilling oil & gas wells
FOR VALUE RECEIVED, the sufficiency of which is hereby acknowledged, and in consideration of any credit and/or financial accommodation heretofore or hereafter from time to time made or granted to Patterson-UTI Energy, Inc. (“Borrower”) or any other Loan Party under that certain Term Loan Agreement dated as of March 18, 2015, by and between Borrower, the financial institutions party thereto (collectively, the “Lenders”), and Wells Fargo Bank, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”) (the “Loan Agreement”), each of the Persons now or hereafter signatories hereto (each a “Guarantor,” and, collectively, the “Guarantors”) hereby furnishes in favor of Administrative Agent and the Lenders (each a “Guaranteed Party” and collectively, the “Guaranteed Parties”) its joint and several guaranty of the Guaranteed Obligations (as hereinafter defined) as follows:
