as Borrower and NORDDEUTSCHE LANDESBANK GIROZENTRALE as Lender and NORDDEUTSCHE LANDESBANK GIROZENTRALE as Agent and Security Trustee and NORDDEUTSCHE LANDESBANK GIROZENTRALE as Swap Bank FACILITY AGREEMENT FOR A USD16,560,000 TERM LOAN FACILITYEuroseas Ltd. • May 2nd, 2016 • Deep sea foreign transportation of freight
SAF-CONCORD SHIPPING LTD ETERNITY SHIPPING COMPANY ALLENDALE INVESTMENTS S.A. MANOLIS SHIPPING LIMITED ALTERWALL BUSINESS INC. AGGELIKI SHIPPING LTDLoan Agreement • May 2nd, 2016 • Euroseas Ltd. • Deep sea foreign transportation of freight
The Lenders have agreed to make available to the Borrowers a secured term loan of up to the lesser of (a) US$14,500,000 and (b) 56% of the aggregate market value of the Ships, for the purpose of refinancing any and all outstanding indebtedness of the Borrowers and the Guarantor with the Lenders under the Existing Facilities remaining outstanding as at the date hereof and provide working capital to the Borrowers.
