Exhibit 10.22.5.5
FOURTH AMENDMENT
TO
AMENDED AND RESTATED CREDIT
AGREEMENT
AMONG
PRIMEENERGY
CORPORATION
PRIMEENERGY MANAGEMENT
CORPORATION
PRIME OPERATING
COMPANY
EASTERN OIL WELL SERVICE
COMPANY
SOUTHWEST OILFIELD CONSTRUCTION
COMPANY
EOWS MIDLAND
COMPANY
GUARANTY BANK, FSB
AS AGENT AND LETTER OF CREDIT
ISSUER
AND
THE LENDERS SIGNATORY
HERETO
Effective
February 8,
2008
REVOLVING LINE OF CREDIT OF UP TO
$150,000,000
AND
REVOLVING LINE OF CREDIT OF UP TO
$10,000,000
TABLE OF
CONTENTS
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PAGE
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ARTICLE I
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DEFINITIONS AND
INTERPRETATION
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1
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1.1
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Terms Defined
Above
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1
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1.2
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Terms Defined
in Agreement
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1
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1.3
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References
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1
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1.4
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Articles and
Sections
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2
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1.5
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Number and
Gender
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2
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1.6
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Negotiated
Transaction
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2
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ARTICLE II
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AMENDMENTS
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2
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ARTICLE III
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CONDITIONS TO
EFFECTIVENESS
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3
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3.1
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Receipt of
Documents
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3
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3.2
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Accuracy of
Representations and Warranties
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3
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3.3
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Matters
Satisfactory to Agent and Lenders
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3
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ARTICLE IV
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REPRESENTATIONS
AND WARRANTIES
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4
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ARTICLE V
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RATIFICATION
AND ACKNOWLEDGEMENT
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4
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ARTICLE VI
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MISCELLANEOUS
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4
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6.1
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Successors and
Assigns
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4
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6.2
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Rights of Third
Parties
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4
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6.3
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Counterparts
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4
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6.4
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Integration
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4
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6.5
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Invalidity
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5
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6.6
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Governing
Law
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5
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- i -
FOURTH AMENDMENT
TO
AMENDED AND RESTATED CREDIT
AGREEMENT
This FOURTH AMENDMENT TO AMENDED
AND RESTATED CREDIT AGREEMENT (this “ Amendment
”) is made and entered into effective as of February 8,
2008 (the “ Effective Date ”), by and among
PRIMEENERGY CORPORATION , a Delaware corporation (“
PEC ”), PRIMEENERGY MANAGEMENT CORPORATION , a
New York corporation, PRIME OPERATING COMPANY , a Texas
corporation, EASTERN OIL WELL SERVICE COMPANY , a West
Virginia corporation, SOUTHWEST OILFIELD CONSTRUCTION
COMPANY , an Oklahoma corporation, and EOWS MIDLAND
COMPANY , a Texas corporation (collectively, the “
Borrower ”), each lender that is a signatory hereto
(collectively, the “ Lenders ”) and GUARANTY
BANK, FSB , a federal savings bank, as agent for the Lenders
under the Amended and Restated Credit Agreement, as amended,
referred to hereinafter (in such capacity, the “ Agent
”).
WITNESSETH
WHEREAS, the Borrower, the Agent and
the Lenders did execute and exchange counterparts of that certain
Amended and Restated Credit Agreement dated December 28, 2006,
as amended by First Amendment to Amended and Restated Credit
Agreement dated effective as of July 17, 2007, Second
Amendment to Amended and Restated Credit Agreement dated effective
as of October 9, 2007 and Third Amendment to Amended and
Restated Credit Agreement dated effective January 22, 2008 (as
so amended, the “Agreement”);
WHEREAS, the Borrower, the Agent and
the Lenders are desirous of amending the Agreement in the
particulars hereinafter set forth;
NOW, THEREFORE, in consideration of
the mutual covenants and agreements of the parties to the
Agreement, as set forth therein, and the mutual covenants and
agreements of the parties hereto, as set forth herein, the parties
hereto agree as follows:
ARTICLE I
DEFINITIONS AND
INTERPRETATION
1.1 Terms Defined Above . As
used herein, each of the terms “ Agent ,”
“ Agreement ,” “ Amendment ,”
“ Borrower ” and “ Lenders ”
shall have the meaning assigned to such term
hereinabove.
1.2 Terms Defined in
Agreement . As used herein, each term defined in the Agreement
shall have the meaning assigned thereto in the Agreement, unless
expressly provided herein to the contrary.
1.3 References . References
in this Amendment to Schedule, Exhibit, Article, or Section numbers
shall be to Schedules, Exhibits, Articles, or Sections of this
Amendment, unless expressly stated to the contrary. References in
this Amendment to “hereby,” “herein,”
“hereinafter,” “hereinabove,”
“hereinbelow,” “hereof,”
“hereunder” and words of similar import
shall be to this Amendment in its entirety and
not only to the particular Schedule, Exhibit, Article, or Section
in which such reference appears. Specific enumeration herein shall
not exclude the general and, in such regard, the terms
“includes” and “including” used herein
shall mean “includes, without limitation,” or
“including, without limitation,” as the case may be,
where appropriate. Except as otherwise indicated, references in
this Amendment to statutes, sections, or regulations are to be
construed as including all statutory or regulatory provisions
consolidating, amending, replacing, succeeding, or supplementing
the statute, section, or regulation referred to. References in this
Amendment to “writing” include printing, typing,
lithography, facsimile reproduction, and other means of reproducing
words in a tangible visible form. References in this Amendment to
amendments and other contractual instruments shall be deemed to
include all exhibits and appendices attached thereto and all
subsequent amendments and other modifications to such instruments,
but only to the extent such amendments and other modifications are
not prohibited by the terms of this Amendment. References in this
Amendment to Persons include their respective successors and
permitted assigns.
1.4 Articles and Sections .
This Amendment, for convenience only, has been divided into
Articles and Sections; and it is understood that the
rights