Forbearance Agreement And Waiver Sample Contracts

Tbs International Plc – Forbearance Agreement and Waiver (September 8th, 2011)

This FORBEARANCE AGREEMENT AND WAIVER (this Forbearance Agreement) dated as of September 7, 2011 is by and among (i) ARGYLE MARITIME CORP., CATON MARITIME CORP., DORCHESTER MARITIME CORP., LONGWOODS MARITIME CORP., MCHENRY MARITIME CORP. and SUNSWYCK MARITIME CORP. each a corporation organized under the laws of the Republic of the Marshall Islands (collectively, together with any Borrowers joined on or after the date hereof, the Borrowers and, each individually, a Borrower), (ii) TBS INTERNATIONAL PLC, a corporation formed under the laws of Ireland (Irish Holdings), (iii) TBS INTERNATIONAL LIMITED, a corporation formed under the laws of Bermuda (Bermuda Holdings, and together with Irish Holdings, Holdings), (iv) each lender party hereto (collectively, the Consenting Lenders and individually, a Consenting Lender), and (v) THE ROYAL BANK OF SCOTLAND PLC, as agent (in such capacity, the Agent), Security Trustee and Swap Bank. Capitalized terms which are used herein without definition an

Tbs International Plc – Forbearance Agreement and Waiver (September 8th, 2011)

This FORBEARANCE AGREEMENT AND WAIVER (this Forbearance Agreement) dated as of September 7, 2011 is by and among (i) ALBEMARLE MARITIME CORP., ARDEN MARITIME CORP., AVON MARITIME CORP., BIRNAM MARITIME CORP., BRISTOL MARITIME CORP., CHESTER SHIPPING CORP., CUMBERLAND NAVIGATION CORP., DARBY NAVIGATION CORP., DOVER MARITIME CORP., ELROD SHIPPING CORP., EXETER SHIPPING CORP., FRANKFORT MARITIME CORP., GLENWOOD MARITIME CORP., HANSEN SHIPPING CORP., HARTLEY NAVIGATION CORP., HENLEY MARITIME CORP., HUDSON MARITIME CORP., JESSUP MARITIME CORP., MONTROSE MARITIME CORP., OLDCASTLE SHIPPING CORP., QUENTIN NAVIGATION CORP., RECTOR SHIPPING CORP., REMSEN NAVIGATION CORP., SHEFFIELD MARITIME CORP., SHERMAN MARITIME CORP., STERLING SHIPPING CORP., STRATFORD SHIPPING CORP., VEDADO MARITIME CORP., VERNON MARITIME CORP. and WINDSOR MARITIME CORP., each a corporation organized under the laws of the Republic of the Marshall Islands (collectively, together with any Borrowers joined on or after the date

Tbs International Plc – Forbearance Agreement and Waiver (September 8th, 2011)

THIS FORBEARANCE AGREEMENT AND WAIVER (this Forbearance Agreement) dated as of September 7, 2011 is by and among Amoros Maritime Corp., Lancaster Maritime Corp. and Chatham Maritime Corp., each a Marshall Islands corporation having a mailing address of P.O. Box HM 2522, Hamilton HMGX, Bermuda and a registered address of Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 (the Borrowers; each, a Borrower), TBS International Limited, a Bermuda corporation whose tax domicile is in Ireland (TBSIL Guarantor), Sherwood Shipping Corp. (Sherwood), TBS Holdings Limited, a Bermuda company (Bermuda Holdco), TBS International public limited company, an Irish public limited company (Parent Guarantor) and AIG Commercial Equipment Finance, Inc., a Delaware corporation (together with its successors and assigns, Lender). Unless specifically defined in this Forbearance Agreement, capitalized terms not used in this herein shall have the meanings assigned in the Loan A

Tbs International Plc – Forbearance Agreement and Waiver (September 8th, 2011)
Frontline Capital Group – Forbearance Agreement and Waiver (January 30th, 2002)