Back to top

FIRST AMENDMENT TO CREDIT AGREEMENT

Loan Agreement

FIRST AMENDMENT TO CREDIT AGREEMENT | Document Parties: VANGUARD NATURAL RESOURCES, LLC | NAMI HOLDING COMPANY, LLC, | CITIBANK, N.A., | BNP PARIBAS, You are currently viewing:
This Loan Agreement involves

VANGUARD NATURAL RESOURCES, LLC | NAMI HOLDING COMPANY, LLC, | CITIBANK, N.A., | BNP PARIBAS,

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: FIRST AMENDMENT TO CREDIT AGREEMENT
Governing Law: Kentucky     Date: 4/25/2007

FIRST AMENDMENT TO CREDIT AGREEMENT, Parties: vanguard natural resources  llc , nami holding company  llc  , citibank  n.a.  , bnp paribas
50 of the Top 250 law firms use our Products every day

Exhibit 10.2

 

 

 

 

FIRST AMENDMENT TO CREDIT AGREEMENT

Among

NAMI HOLDING COMPANY, LLC,
as Borrower,

CITIBANK, N.A.,
as Administrative Agent and L/C Issuer,

and

CITIBANK, N.A.,
as Co-Lead Arranger, Sole Bookrunner
and Co-Syndication Agent,

and

BNP PARIBAS,
as Co-Lead Arranger and Co-Syndication Agent

and

THE LENDERS PARTY HERETO

Dated as of March 2, 2007

 

 

 

 

 



FIRST AMENDMENT TO CREDIT AGREEMENT

FIRST AMENDMENT TO CREDIT AGREEMENT made as of March 2, 2007 (this “First Amendment” or “Amendment” ), is entered into among NAMI HOLDING COMPANY, LLC , a limited liability company duly formed and existing under the laws of the Commonwealth of Kentucky (the “Borrower” ), the lenders listed on the signature pages hereto as Lenders (the “Lenders” ), and CITIBANK, N.A., as Administrative Agent and L/C Issuer.

R E C I T A L S

A.            The Borrower, the Lenders, the Administrative Agent and the L/C Issuer are parties to that certain Credit Agreement dated as of January 3, 2007 (the “Original Credit Agreement” ).

B.            The parties desire to amend the Original Credit Agreement as hereinafter provided.

NOW, THEREFORE, in consideration of these premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1.             Same Terms .  All terms used herein which are defined in the Original Credit Agreement shall have the same meanings when used herein, unless the context hereof otherwise requires or provides.  In addition, all references in the Loan Documents to the “Agreement” shall mean the Original Credit Agreement, as amended by this Amendment, as the same shall hereafter be amended from time to time.  In addition, the following terms shall have the meanings set forth below:

Effective Date” means March 2, 2007.

“Modification Papers” means this Amendment, and all of the other documents and agreements executed in connection with the transactions contemplated by this Amendment.

2.             Conditions Precedent .  The transactions contemplated by this Amendment shall be deemed to be effective as of the Effective Date, when the following conditions have been complied with to the satisfaction of the Administrative Agent, unless waived in writing by the Administrative Agent:

A.            First Amendment to Credit Agreement .  This Amendment to Credit Agreement shall be in full force and effect.

B.            Fees and Expenses .  The Administrative Agent shall have received payment of all out-of-pocket fees and expenses (including reasonable attorneys’ fees and expenses) incurred by The Administrative Agent in connection with the preparation, negotiation and execution of the Modification Papers.

C.            Representations and Warranties   All representations and warranties contained herein or in the documents referred to herein or otherwise made in writing in connection herewith or therewith shall be true and correct with the same force and effect as though such representations and warranties have been made on and as of this date.

3.             Amendments to Original Credit Agreement .  On the Effective Date, the Original Credit Agreement shall be deemed to be amended as follows:

1

 



(a)           The last sentence of the definition of “Applicable Margin” contained in Section 1.02 of the Original Credit Agreement shall be amended to read in its entirety as follows:

“Notwithstanding the foregoing grid, if an Equity Event has not resulted in the repayment of at least $80,000,000 of Indebtedness on or before July 1, 2007, then the Applicable Margin commencing July 1, 2007 and continuing until an Eq


 
SITE SEARCH

AGREEMENTS / CONTRACTS

Document Title:

Entire Document: (optional)

Governing Law:(optional)


Try our advanced search >>
 

CLAUSES

Search Contract Clauses >>

Browse Contract Clause Library>>

Get Email Updates
Email:
This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more