ASSIGNMENT OF CASH COLLATERAL ACCOUNTAssignment of Cash Collateral Account • March 27th, 2012 • Pacific Drilling S.A. • Drilling oil & gas wells • New York
WHEREAS, pursuant to that certain Letter of Credit Reimbursement Agreement dated December 6, 2011 (the “Agreement”), between Pacific International Drilling West Africa Limited (the “Applicant”) and the Bank, the Bank issued that certain letter of credit, LC No. 777020025457-L, dated as of the date hereof (the “Letter of Credit” and together with the Agreement, the “LC Agreements”); and
