EX-10.7
from 8-K
13 pages
Reference Is Made to the Intercreditor Agreement, Dated as of March 12, 2015, Between the Royal Bank of Scotland PLC, as Priority Lien Agent (As Defined Therein) and Energy XXI Gulf Coast, Inc., a Delaware Corporation (“Exxi”) (The “Intercreditor Agreement”). Exxi, by Its Acceptance of This Second Lien Document (As Defined in the Intercreditor Agreement) (A) Consents to the Subordination of Liens Provided for in the Intercreditor Agreement, (B) Agrees That It Will Be Bound By, and Will Take No Actions Contrary To, the Provisions of the Intercreditor Agreement, (C) Represents and Warrants That It Is Authorized to Enter Into the Intercreditor Agreement and (D) Acknowledges and Agrees That Its Entering Into the Intercreditor Agreement Is a Material Inducement to the Priority Lien Secured Parties (As Defined in the Intercreditor Agreement) to Extend Credit to Exxi and Epl Oil & Gas, Inc. and Such Priority Lien Secured Parties Are Intended Third Party Beneficiaries of the Provisions of the Intercreditor Agreement
12/34/56