FORTIS CAPITAL (CANADA) LIMITED, AS AGENT FOR THE LENDERS SECUNDA MARINE SERVICES LIMITED, AS BORROWER SECUNDA INTERNATIONAL LIMITED, AS GUARANTOR and THE LENDERS FROM TIME TO TIME A PARTY HERETOCredit Agreement • December 30th, 2005 • Secunda International LTD • Deep sea foreign transportation of freight • New York
CREDIT AGREEMENT (this “Agreement”) dated as of November 14, 2005, among Secunda Marine Services Limited, a corporation existing under the laws of the Province of Nova Scotia, Canada, as borrower (the “Borrower”), Secunda International Limited, a corporation existing under the laws of the Province of Nova Scotia, Canada, as guarantor (the “Guarantor”), Fortis Capital (Canada) Ltd. (“Fortis”) and each other financial institution which may hereafter execute and deliver an Assignment and Acceptance with respect to this Agreement pursuant to Section 9.11 (any one individually, a “Lender”, and collectively, the “Lenders”) and Fortis, as administrative agent on behalf of the Lenders (when acting in its capacity as administrative agent under this Agreement or under any other Transaction Document, herein referred to, together with any successor administrative agent, as the “Agent”).
