Common Contracts
6 similar Loan Agreement contracts by Box Ships Inc., Omega Navigation Enterprises, Inc., Product Shipping Ltd., others
LOAN AGREEMENTLoan Agreement • March 12th, 2021
INDEX Clause Page 1 INTERPRETATION 1 2 FACILITY 14 3 DRAWDOWN 14 4 INTEREST 14 5 INTEREST PERIODS 15 6 DEFAULT INTEREST 16 7 REPAYMENT AND PREPAYMENT 17 8 CONDITIONS PRECEDENT 19 9 REPRESENTATIONS AND WARRANTIES 19 10 GENERAL UNDERTAKINGS 22 11 CORPORATE UNDERTAKINGS 25 12 INSURANCE 26 13 SHIP COVENANTS 31 14 SECURITY COVER 34 15 PAYMENTS AND CALCULATIONS 36 16 APPLICATION OF RECEIPTS 36 17 APPLICATION OF EARNINGS 37 18 EVENTS OF DEFAULT 38 19 FEES AND EXPENSES 41 20 INDEMNITIES 42 21 NO SET-OFF OR TAX DEDUCTION 44 22 ILLEGALITY, ETC 45 23 INCREASED COSTS 45 24 SET-OFF 46 25 TRANSFERS AND CHANGES IN LENDING OFFICES 47 26 VARIATIONS AND WAIVERS 48
Dated 12 December 2008 FOURTHONE CORP. as Borrower - and - DEUTSCHE SCHIFFSBANK AKTIENGESELLSCHAFT as Lender LOAN AGREEMENT relating to a term loan facility of up to $41,600,000 to part-finance the acquisition cost of Hull no. H-I 021 (tbn “NAVIG8...Loan Agreement • August 6th, 2015 • Pyxis Tankers Inc. • Deep sea foreign transportation of freight
The Lender has agreed to make available to the Borrower a term loan facility of up to $41,600,000 in a single advance for the purpose of part-financing the acquisition cost of the Ship, known as Hull No. H-1021 (to be named “NAVIG8 MALOU”) which is to be constructed by SPP Shipbuilding Co., Ltd. and sold by the Seller to the Borrower pursuant to the MOA (as defined below).
Originally dated 18 August 2008 (as amended and supplemented by (i) a first supplemental agreement dated 23 February 2009, (ii) a second supplemental agreement dated 3 April 2009, (iii) a side letter dated 2 July 2009, (iv) a third supplemental...Loan Agreement • September 4th, 2014 • Product Shipping Ltd. • Deep sea foreign transportation of freight
LOAN AGREEMENTLoan Agreement • May 2nd, 2014 • Quintana Shipping Ltd. • Deep sea foreign transportation of freight
Date 17 May 2011 ARAL SEA SHIPPING S.A. as Borrower - and - UNICREDIT BANK AG as Lender LOAN AGREEMENT relating to a secured term loan facility of up to US$32,800,000 to finance part of the acquisition cost of “MSC SIENA” a 2006-built 4,425 TEU...Loan Agreement • March 16th, 2012 • Box Ships Inc. • Deep sea foreign transportation of freight
The Lender has agreed to make available to the Borrower a secured term loan facility of up to the lesser of (a) $32,800,000 and (b) 55 per cent. (if the Borrower exercises Option A) or 51 per cent. (if the Borrower exercises Option B) of the lesser of (i) the acquisition cost of m.v “MSC SIENA” pursuant to the MOA and (ii) the Initial Market Value of the Ship in one advance for the purpose of financing part of the acquisition cost of m.v. “MSC SIENA”.
Dated 20 November 2007 SUNRAY NAVIGATION INC. - and -Loan Agreement • June 11th, 2008 • Omega Navigation Enterprises, Inc. • Deep sea foreign transportation of freight
The Lender has agreed to make available to the Borrower a term loan facility of up to the lesser of (a) $33,176,250, (b) 75 per cent. of the Contract Price of the Ship and (c) 75 per cent. of the Market Value of the Ship (as determined by the valuations referred to at paragraph 6 of Schedule 2, Part C), for the purpose of part-financing the construction and acquisition cost of the ship, known as Hull No. 2191 which is to be constructed by the Builder and purchased by the Borrower.
