AMENDED AND RESTATED CREDIT AGREEMENT Dated as of April 2, 2007 among THE EXPLORATION COMPANY OF DELAWARE, INC., as Borrower, and OUTPUT ACQUISITION CORP., TXCO ENERGY CORP., and TEXAS TAR SANDS, INC., as Original Guarantors, The Several Lenders from...Credit Agreement • April 5th, 2007 • Exploration Co of Delaware Inc • Crude petroleum & natural gas • New York
This Agreement amends and restates in its entirety the Credit Agreement between the Company and Guaranty Bank, FSB dated June 30, 2004, as amended by a First Amendment dated effective as of March 24, 2005, a Waiver and Second Amendment dated effective as of August 23, 2005, a Third Amendment dated effective as of November 15, 2005 and a Fourth Amendment dated effective as of November 1, 2006 (the “Existing Company Credit Agreement”).
TERM LOAN AGREEMENT Dated as of April 2, 2007 among THE EXPLORATION COMPANY OF DELAWARE, INC., as Borrower, and OUTPUT ACQUISITION CORP., TXCO ENERGY CORP., and TEXAS TAR SANDS INC., as Original Guarantors, The Several Lenders from Time to Time...Term Loan Agreement • April 5th, 2007 • Exploration Co of Delaware Inc • Crude petroleum & natural gas • New York
This TERM LOAN AGREEMENT (this “Agreement”) is entered into as of April 2, 2007, among THE EXPLORATION COMPANY OF DELAWARE, INC., a Delaware corporation (the “Company”); OUTPUT ACQUISITION CORP., a Texas corporation (“Merger Sub”); TXCO ENERGY CORP., a Texas corporation (“TXCOE”); TEXAS TAR SANDS INC., a Texas corporation (“TTSI”); each of the financial institutions which is or which may from time to time become a signatory hereto (individually, a “Lender” and collectively, the “Lenders”); and BANK OF MONTREAL, a Canadian chartered bank acting through certain of its United States branches and agencies, including its Chicago, Illinois branch, as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”), and BMO CAPITAL MARKETS CORP., as arranger (in such capacity, the “Arranger”).
