EXHIBIT 10.21
[EXECUTION COPY]
$475,000,000
AMENDED AND RESTATED CREDIT AGREEMENT
AMONG
COOPER CAMERON CORPORATION
AND THE OTHER BORROWERS NAMED HEREIN
as Borrowers,
THE LENDERS NAMED HEREIN,
THE FIRST NATIONAL BANK OF CHICAGO,
as Agent
and
ABN AMRO BANK, N.V.,
BANK OF AMERICA ILLINOIS,
THE BANK OF NOVA SCOTIA,
THE CHASE MANHATTAN BANK,
CREDIT LYONNAIS, NEW YORK BRANCH,
NATIONSBANK OF TEXAS, N.A.,
PNC BANK, NATIONAL ASSOCIATION,
ROYAL BANK OF CANADA, and
SOCIETE GENERALE, SOUTHWEST AGENCY
as Co-Agents
DATED AS OF
March 20, 1997
TABLE OF CONTENTS
ARTICLE I
DEFINITIONS
ARTICLE II
THE CREDITS
2.1 Revolving Credit Advances . . . . . . . . . . . . . . . . . . 22
2.2 Singaporean Swing Loan. . . . . . . . . . . . . . . . . . . . 23
2.3 Canadian Swing Loan. . . . . . . . . . . . . . . . . . . . . . 25
2.4 Ratable Loans . . . . . . . . . . . . . . . . . . . . . . . . 26
TABLE OF CONTENTS
ARTICLE I
DEFINITIONS
ARTICLE II
THE CREDITS
2.1 Revolving Credit Advances . . . . . . . . . . . . . . . . . . 22
2.2 Singaporean Swing Loan. . . . . . . . . . . . . . . . . . . . 23
2.3 Canadian Swing Loan. . . . . . . . . . . . . . . . . . . . . . 25
2.4 Ratable Loans . . . . . . . . . . . . . . . . . . . . . . . . 26
2.5 Types of Revolving Credit Advances . . . . . . . . . . . . . . 26
2.6 Method of Selecting Types and Interest Periods for New
Revolving Credit Advances . . . . . . . . . . . . . . . . . . 26
2.7 Conversion and Continuation of Outstanding Advances . . . . . 27
2.8 Competitive Bid Advances . . . . . . . . . . . . . . . . . . . 28
2.9 Availability of Funds . . . . . . . . . . . . . . . . . . . . 32
2.10 Fees; Reductions in Aggregate Revolving Credit Comm