UNCONDITIONAL LIMITED GUARANTYUnconditional Limited Guaranty • April 26th, 2006 • Clayton Williams Energy Inc /De • Crude petroleum & natural gas • Illinois
FOR VALUE RECEIVED, and in order to induce the Lenders (as defined in the Loan Agreement, set forth below) to advance moneys or extend or continue to extend credit to or for the benefit of, or enter into any other financial accommodations with LARCLAY, L.P., a limited partnership organized and existing under the laws of the State of Texas (with any successor in interest, including, without limitation, any successor by merger or by operation of law, herein collectively referred to as “Borrower”) under: (a) that certain TERM LOAN AND SECURITY AGREEMENT dated of even date herewith by and among MERRILL LYNCH CAPITAL, A DIVISION OF MERRILL LYNCH BUSINESS FINANCIAL SERVICES INC. as administrative agent (the “Administrative Agent”), for itself and each of the Lenders, and Borrower (as the same may hereafter be amended, restated, supplemented, or otherwise modified from time to time, “Loan Agreement”; capitalized terms, to the extent not otherwise defined herein, shall have the meanings assign
