EX-10.2
Sable Offshore Corp.
Document
Exhibit 10.2
Revolving Credit Agreement
dated as of July 2, 2026
among
Sable Offshore Corp., as Borrower,
JPMorgan Chase Bank, N.A., as Administrative Agent,
and
The Lenders Party Hereto
as Lead Arranger and Bookrunner
TABLE OF CONTENTS
Page
ARTICLE I DEFINITIONS AND ACCOUNTING MATTERS
1
Section 1.01
Terms Defined Above
1
Section 1.02
Certain Defined Terms
1
Section 1.03
Types of Loans and Borrowings
44
Section 1.04
Terms Generally; Rules of Construction
44
Section 1.05
Accounting Terms and Determinations; GAAP
45
Section 1.06
Interest Rates; Benchmark Notifications
45
Section 1.07
Divisions
46
ARTICLE II THE CREDITS
46
Section 2.01
Commitments
46
Section 2.02
Loans and Borrowings
46
Section 2.03
Requests for Borrowings
47
Section 2.04
Interest Elections
48
Section 2.05
Funding of Borrowings
50
Section 2.06
Termination and Reduction of Aggregate Maximum Credit Amounts
50
Section 2.07
Borrowing Base
51
Section 2.08
Letters of Credit
54
Section 2.09
Defaulting Lenders
61
…