Examples of Spirit Charter in a sentence
The Letter of Intent (LOI) / Work Order will be issued subject to the terms and conditions of this ITB to the competitive lowest evaluated Bidder submitting responsive bid, which is technically acceptable to OWNER, in conformity with the requirements of this ITB.
By a deed dated September 17, 2009 (the “September 2009 Deed”), Shiny Times (another of Kwok’s entities), Spirit Charter, PAX LP, and various other parties agreed that Shiny Times would replace Spirit Charter as the borrower under the Amended and Restated 2008 Facility Agreement.
In 2009, another of Kwok’s entities, Shiny Times Holdings Limited (“Shiny Times”), assumed the debt that Spirit Charter owed to PAX LP, which the parties agreed at the time totaled $45,357,534.25.
On March 12, 2008, PAX LP and Spirit Charter amended and restated the 2008 Facility Agreement (“Amended and Restated 2008 Facility Agreement”).
The Personal Guarantee obligates Kwok to repay PAX LP for the loan facility (as amended) that PAX LP made available to Spirit Charter, along with unpaid interest.
In 2008, PAX LP entered into a written agreement with Spirit Charter Investment Limited (“Spirit Charter”), one of Kwok’s business entities, under which PAX LP made available to Spirit Charter a loan facility in the principal amount of $30 million.
PAX LP and Kwok have had business dealings since approximately February 4, 2008, when PAX LP entered into a written agreement (the “2008 Facility Agreement”) with Spirit Charter, one of Kwok’s business entities, under which PAX LP made available to Spirit Charter a loan facility in the principal amount of $30 million.