CREDIT AGREEMENT PROVIDING FOR A SENIOR SECURED CREDIT FACILITY OF UP TO $50,000,000Credit Agreement • December 10th, 2004 • International Shipholding Corp • Deep sea foreign transportation of freight • Louisiana
outstanding; provided, however, that the aggregate amount of all Advances and the Letter of Credit Outstandings shall not exceed the Available Amount; "Affiliate" shall mean with respect to any Person, any other Person directly or indirectly controlled by or under common control with such Person. For the purposes of this definition, "control" (including, with correlative meanings, the terms "controlled by" and "under common control with") as applied to any Person means the possession directly or indirectly of the power to direct or cause the direction of the management and policies of that Person whether through ownership of voting securities or by contract or otherwise; "Agents" shall mean each of the Administrative Agent, and the Security Trustee; "Agreement" shall mean this Agreement, as the same shall be amended, modified or supplemented from time to time; "Applicable Margin" shall mean a margin which will vary as set forth on Schedule II attached hereto; "Applicable Rate" shall me
