CREDIT AGREEMENT
BETWEEN
SWIFT ENERGY COMPANY
AND
BANK ONE, TEXAS, NATIONAL ASSOCIATION
April 30, 1996
Revolving Line of Credit of up to $7,000,000
TABLE OF CONTENTS
Article Page
ARTICLE 1 DEFINITIONS AND INTERPRETATION......................... 1
1.1 Terms Defined Above.................................... 1
1.2 Additional Defined Terms............................... 1
1.3 Undefined Financial Accounting Terms................... 13
1.4 References............................................. 13
1.5 Articles and Sections.................................. 13
1.6 Number and Gender...................................... 13
1.7 Incorporation of Exhibits.............................. 13
ARTICLE 2 TERMS OF THE FACILITY.................................. 13
2.1 Revolving Line of Credit............................... 13
2.2 Use of Loan Proceeds................................... 14
2.3 Interest............................................... 14
2.4 Repayment of Loans and Interest........................ 14
2.5 General Terms.......................................... 14
2.6 Time, Place, and Method of Payments.................... 14
2.7 Borrowing Base Determinations.......................... 14
2.8 Mandatory Prepayments.................................. 15
2.9 Voluntary Prepayments.................................. 15
2.10 Commitment Fee......................................... 15
2.11 Loans to Satisfy Obligations of Borrower............... 15
2.12 Security Interest in Accounts; Right of Offset......... 16
2.13 General Provisions Relating to Interest................ 16
2.14 Yield Protection....................................... 17
2.15 Taxes.................................................. 17
ARTICLE 3 CONDITIONS...............................