Purchase, Payoff and Termination AgreementPurchase, Payoff and Termination Agreement • February 13th, 2007 • Bj Services Co • Oil & gas field services, nec • New York
This PURCHASE, PAYOFF AND TERMINATION AGREEMENT (as the same may be amended, modified or supplemented, this "Agreement") is entered into as of February 7, 2007, by and among BJ SERVICES EQUIPMENT, L.P., a Delaware limited partnership (the "Partnership"), BJ SERVICES COMPANY, U.S.A., a Delaware corporation ("BJ USA" or "Indemnitor," and in its capacity as general partner of the Partnership, the "General Partner"), BJ SERVICES OPERATING & MAINTENANCE COMPANY, L.L.C., a Delaware limited liability company (the "Operator"), BJ SERVICES, L.L.C., a Delaware limited liability company (the "Affiliated Partner"), and BJ SERVICES COMPANY, a Delaware corporation (the "Guarantor" and together with BJ USA, the Operator, the Service Taker, the Affiliated Partner and the Partnership, collectively, the "BJ Parties"); BANC OF AMERICA LEASING & CAPITAL, LLC, a Delaware limited liability company (successor to BA Leasing & Capital Corporation, a California corporation), NATIONAL CITY COMMERCIAL CAPITAL COM
