LOAN AND SECURITY AGREEMENT dated as of March 24, 2005 by and betweenLoan and Security Agreement • March 30th, 2005 • K-Sea Transportation Partners Lp • Water transportation • New York
THIS LOAN AND SECURITY AGREEMENT (this “Agreement”), dated as of March 24, 2005, by and between THE CIT GROUP/EQUIPMENT FINANCING, INC., a Delaware corporation, as lender (“Lender”), and K-SEA OPERATING PARTNERSHIP L.P., a Delaware limited partnership, as borrower, with a principal place of business at 3245 Richmond Terrace, Staten Island, New York 10303 (“Borrower”). In consideration of the mutual agreements contained herein, the parties hereto agree as follows:
LOAN AND SECURITY AGREEMENTLoan and Security Agreement • March 30th, 2005 • K-Sea Transportation Partners Lp • Water transportation • New York
THIS LOAN AND SECURITY AGREEMENT (this “Agreement”), dated as of March 24, 2005, among K-SEA OPERATING PARTNERSHIP L.P., a Delaware limited partnership (“Borrower”), the Lenders party hereto (the “Lenders”), LASALLE BANK NATIONAL ASSOCIATION, as syndication agent, and KEYBANK NATIONAL ASSOCIATION, a national banking association (“KeyBank”), as administrative agent for the Lenders (in such capacity, the “Administrative Agent”), and as collateral trustee for Lenders (in such capacity, the “Collateral Trustee”).
