LOAN FACILITY AGREEMENTLoan Facility Agreement • December 21st, 2006 • Teekay Shipping Corp • Deep sea foreign transportation of freight
Each of the Banks has agreed to advance to the Borrower its respective Commitment of an aggregate principal amount not exceeding three hundred and thirty million Dollars ($330,000,000) to refinance the Existing Indebtedness and thereafter for the general corporate purposes of the Borrower Group on the terms and conditions herein set forth.
DATED 2nd October 2006 TEEKAY OFFSHORE OPERATING L.P. (as Borrower) - and - DNB NOR BANK ASA NORDEA BANK NORGE ASA FORTIS CAPITAL CORP. and others (as Lenders) - and - DNB NOR BANK ASA (as Agent) - and - DEUTSCHE SCHIFFSBANK AKTIENGESELLSCHAFT (as...Loan Agreement • December 21st, 2006 • Teekay Shipping Corp • Deep sea foreign transportation of freight
Each of the Lenders has agreed to advance to the Borrower its Commitment (aggregating, with all the other Commitments, a revolving credit facility of up to nine hundred and forty million Dollars $940,000,000) for the general corporate purposes of the Borrower (including but not limited to the making of intercompany loans to its shareholders and/or unitholders and Subsidiaries).
