AMENDMENT NO. 2 TO CREDIT AGREEMENTCredit Agreement • May 10th, 2005 • Rowan Companies Inc • Drilling oil & gas wells
THIS AMENDMENT NO. 2, dated May 4, 2005 (“Amendment No. 2”), to the CREDIT AGREEMENT, dated as of May 28, 2003, as amended by Amendment No. 1 to the Credit Agreement (“Amendment No. 1”), dated as of March 28, 2005, is made by and among ROWAN COMPANIES, INC., a Delaware corporation (the “Shipowner”), GOVCO INCORPORATED, a Delaware corporation (the “Primary Lender”), CITIBANK, N.A., a national banking association (the “Alternate Lender”), CITIBANK, N.A., a national banking association, as facility agent for both the Primary Lender and the Alternate Lender (and their respective successors and assigns) with respect to the Floating Rate Note, and its permitted successors and assigns (in such capacity, the “Facility Agent”), and CITICORP NORTH AMERICA, INC., a Delaware corporation, as administrative agent for the Primary Lender and the commercial paper holders of the Primary Lender (and their respective successors and assigns) (in such capacity, together with its permitted successors and ass
AMENDMENT NO. 1 TO CREDIT AGREEMENTCredit Agreement • May 10th, 2005 • Rowan Companies Inc • Drilling oil & gas wells
THIS AMENDMENT NO. 1, dated as of March 28, 2005 (“Amendment No. 1”), to the CREDIT AGREEMENT, dated as of May 28, 2003 is made by and among ROWAN COMPANIES, INC., a Delaware corporation (the “Shipowner”), GOVCO INCORPORATED, a Delaware corporation (the “Primary Lender”), CITIBANK, N.A., a national banking association (the “Alternate Lender”), CITIBANK, N.A., a national banking association, as facility agent for both the Primary Lender and the Alternate Lender (and their respective successors and assigns) with respect to the Floating Rate Note, and its permitted successors and assigns (in such capacity, the “Facility Agent”), and CITICORP NORTH AMERICA, INC., a Delaware corporation, as administrative agent for the Primary Lender and the commercial paper holders of the Primary Lender (and their respective successors and assigns) (in such capacity, together with its permitted successors and assigns, the “Administrative Agent,” and together with the Facility Agent, the “Agents”) (collecti
