Amendments to Credit Agreement Effective Upon Execution of this Amendment. The following provisions shall be effective upon execution of this Amendment by the Borrower, EPL, the Administrative Agent, the Issuers, the Swing Line Lender and the Required Lenders. (a) The Borrower will not request that The Royal Bank of Scotland plc (“RBS”) issue and RBS will not issue or be obligated to issue any additional Letters of Credit. In addition, (i) the Borrower will not request that RBS amend, modify or extend any outstanding Letter of Credit and RBS will not be obligated to amend, modify or extend any outstanding Letter of Credit and (ii) the Borrower agrees to procure the cancellation and return on or before May 31, 2015 (or such later date as the Borrower and RBS may agree to in their sole discretion) of any Letters of Credit issued by RBS that are outstanding on the date of this Amendment.
Appears in 3 contracts
Sources: First Lien Credit Agreement (Energy XXI LTD), First Lien Credit Agreement (Epl Oil & Gas, Inc.), First Lien Credit Agreement (Energy XXI LTD)