THIRD AMENDMENT TO CREDIT AGREEMENTCredit Agreement • December 13th, 2005 • Helmerich & Payne Inc • Drilling oil & gas wells • Oklahoma
THIS THIRD AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is made and entered into effective as of July 13, 2004 (the “Effective Date”), by and among HELMERICH & PAYNE INTERNATIONAL DRILLING CO., a Delaware corporation (the “Borrower”), HELMERICH & PAYNE, INC., a Delaware corporation (the “Parent”), and BANK OF OKLAHOMA, NATIONAL ASSOCIATION, as Lender (in such capacity, the “Lender”) and as Administrative Agent (in such capacity, the “Administrative Agent”), with reference to the following:
May 4, 2004 Helmerich & Payne International Drilling Co. 1437 South Boulder Avenue Tulsa, Oklahoma 74119 Attention: Mr. Douglas E. Fears, Vice President Re: Second Amendment to Credit Agreement Gentlemen/Ladies: Reference is made to the Credit...Credit Agreement • December 13th, 2005 • Helmerich & Payne Inc • Drilling oil & gas wells
This letter will serve to confirm that (i) pursuant to Section 2.5(a) of the Credit Agreement, the Borrower has given proper written notice to the Administrative Agent of the Borrower’s intent to reduce the Aggregate Revolving Committed Amount from $125,000,000.00 to $50,000,000.00, effective as of May 4, 2004, and that (ii) effective as of May 4, 2004, each of the Lenders (other than BOk) has transferred and assigned to BOk all of their rights and obligations under the Credit Agreement, including the Notes originally executed and delivered to such other Lenders pursuant to the Credit Agreement. Accordingly, as of May 4, 2004: (i) the Aggregated Revolving Committed Amount is $50,000,000.00; (ii) BOk is the sole lender under the Credit Agreement, having a Revolving Committed Amount of $50,000,000.00; (iii) the Notes executed and delivered by the Borrower to each of the other Lenders have been assigned to BOk and will be cancelled by BOk; and (iv) the Borrower’s Note dated July 16, 2002,
FIRST AMENDMENT TO CREDIT AGREEMENTCredit Agreement • December 13th, 2005 • Helmerich & Payne Inc • Drilling oil & gas wells • Oklahoma
THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this "Amendment") is made and entered into effective as of July 15, 2003 (the "Effective Date"), by and among HELMERICH & PAYNE INTERNATIONAL DRILLING CO., a Delaware corporation (the "Borrower"), HELMERICH & PAYNE, INC., a Delaware corporation (the "Parent"), the Persons identified as a "Lender" on the signature pages of this Amendment (the "Lenders"), and BANK OF OKLAHOMA, NATIONAL ASSOCIATION, as Administrative Agent for the Lenders (in such capacity, the "Administrative Agent"), with reference to the following:
