EX-10 2 d35749exv10.htm AMENDMENT TO THE FIFTH AMENDED AND RESTATED CREDIT AGREEMENT exv10
 

Exhibit 10
             
 
  Vicki von Krause   Syndicated & Leveraged Finance   Telephone: 312-732-2036
 
      131 S. Dearborn   Fax: 312-732-2117
 
      Mail Suite IL1-0429   E-Mail: victoria.von.krause@jpmorgan.com
 
      Chicago, Illinois 60670-0429    
(JP MORGAN LOGO)
March 17, 2006
To the Lenders to
Denbury Onshore, LLC
Fifth Amended and Restated Credit Agreement
Dated September 1, 2004
Re: Borrowing Base Determination – Spring 2006 (revised)
Ladies and Gentlemen;
JPMorgan Chase Bank, N.A., as Administrative Agent, proposes a $300,000,000 Borrowing Base, effective as of March 29, 2006 and continuing until the next Borrowing Base Determination. The Total Commitment will remain at $150,000,000.
Kindly, indicate your approval of the proposed Borrowing Base of $300,000,000 until the next re-determination by signing in the space indicated below and returning to the attention of Vicki von Krause by Tuesday, March 28, 2006 via facsimile to (312) 732-2117.
Determination of the Borrowing Base is governed by Section 5.2 of the Fifth Amended and Restated Credit Agreement dated September 1, 2004. Each Borrowing Base determination shall be made by the Banks in their sole discretion.
Sincerely,
Vicki von Krause

 

 

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March 17, 2006
APPROVAL OF $300,000,000 BORROWING BASE, EFFECTIVE MARCH 29, 2006 FOR DENBURY ONSHORE, LLC.
         
JPMORGAN CHASE BANK, N.A., as a Lender    
and as Administrative Agent    
 
        
By:
  /s/ J. Scott Fowler    
 
       
Name:
  J. Scott Fowler    
 
       
Title:
  Vice President    
 
       
 
        
CALYON NEW YORK BRANCH    
 
        
By:
  /s/ Michael Willis    
 
       
Name:
  Michael Willis    
 
       
Title:
  Vice President    
 
       
 
        
By:
  /s/ Bertrand Corohomme    
 
       
Name:
  Bertrand Corohomme    
 
       
Title:
  Director    
 
       
 
        
FORTIS CAPITAL CORP.    
 
        
By:
  /s/ David Montgomery    
 
       
Name:
  David Montgomery    
 
       
Title:
  Senior Vice President    
 
       
 
        
By:
  /s/ Darrell Holley    
 
       
Name:
  Darrell Holley    
 
       
Title:
  Managing Director    
 
       
 
        
UNION BANK OF CALIFORNIA, N.A.    
 
        
By:
  /s/ Alison Fuqua    
 
       
Name:
  Alison Fuqua    
 
       
Title:
  Investment Banking Officer    
 
       
 
        
By:
  /s/ Sean Murphy    
 
       
Name:
  Sean Murphy    
 
       
Title:
  Vice President    
 
       
 
        
COMERICA BANK    
 
        
By:
  /s/ Peter L. Sefzik    
 
       
Name:
  Peter L. Sefzik    
 
       
Title:
  Vice President    
 
       
 
        
BANK OF AMERICA, N.A.    
 
        
By:
  /s/ Scott F. Davis    
 
       
Name:
  Scott F. Davis    
 
       
Title:
  Vice President    
 
       
 
        
WELLS FARGO BANK, N.A.    
 
        
By:
  /s/ Reed V. Thompson    
 
       
Name:
  Reed Thompson    
 
       
Title:
  Vice President    
 
       
 
        
BANK OF SCOTLAND    
 
        
By:
  /s/ Karen Welch    
 
       
Name:
  Karen Welch    
 
       
Title:
  Assistant Vice President    
 
       
 
        
COMPASS BANK    
 
        
By:
  /s/ Dorothy Marchand    
 
       
Name:
  Dorothy Marchand    
 
       
Title:
  Senior Vice President