COMMITMENT INCREASE AGREEMENTCommitment Increase Agreement • January 24th, 2017 • Patterson Uti Energy Inc • Drilling oil & gas wells • New York
This COMMITMENT INCREASE AGREEMENT (“Agreement”) dated as of January 24, 2017 (“Effective Date”), is by and among Patterson-UTI Energy, Inc., a Delaware corporation (“Borrower”), the subsidiaries of the Borrower party hereto (together with the Borrower, the “Loan Parties”), the undersigned Lenders party hereto (the “Increasing Lenders”), and Wells Fargo Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders, as the issuer of letters of credit under the Credit Agreement referred to below (in such capacity, an “L/C Issuer”), and as the swing line lender under the Credit Agreement referred to below (in such capacity, the “Swing Line Lender”).
