April 13, 2017Agreement Regarding Cash Collateral and Letters of Credit • April 18th, 2017 • Forbes Energy Services Ltd. • Oil & gas field services, nec • New York
Reference is further made to (i) the letters of credit issued by Regions as Issuer under the Loan Agreement and outstanding as of the date hereof (the “Existing Letters of Credit”) which are described further on Exhibit A attached hereto in the aggregate face amount of $$9,027,259.68 and (ii) that certain payoff confirmation letter dated as of the date hereof by and among Agent and the Loan Parties (the “Payoff Letter”).
