Common Contracts

2 similar Term Facility Agreement contracts by KNOT Offshore Partners LP

TERM FACILITY AGREEMENT between KNUTSEN SHUTTLE TANKERS XII KS as borrower KNOT SHUTTLE TANKERS AS and KNOT OFFSHORE PARTNERS L.P as guarantors THE FINANCIAL INSTITUTIONS
Term Facility Agreement • March 12th, 2021

INDEX 1 INTERPRETATION 4 2 THE TERM LOAN FACILITY 27 3 PURPOSE AND APPLICATION 29 4 CONDITIONS OF UTILISATION 29 5 UTILISATION 29 6 REPAYMENT 31 7 PREPAYMENT AND CANCELLATION 31 8 INTEREST 34 9 INTEREST PERIODS 35 10 CHANGES TO THE CALCULATION OF INTEREST 36 11 FEES 37 12 TAX GROSS UP AND INDEMNITIES 38 13 INCREASED COSTS 42 14 OTHER INDEMNITIES 43 15 MITIGATION BY THE LENDERS 45 16 COSTS AND EXPENSES 45 17 SECURITY 46 18 GUARANTEE AND INDEMNITY 47 19 REPRESENTATIONS AND WARRANTIES 51 20 INFORMATION UNDERTAKINGS 55 21 FINANCIAL COVENANTS 59 22 GENERAL UNDERTAKINGS 62 23 VESSEL UNDERTAKINGS 68 24 PROVISIONS RELATING TO THE CHARTERS 72 25 EVENTS OF DEFAULT 74 26 CHANGES TO THE LENDERS 78 27 CHANGES TO THE OBLIGORS 81 28 THE ROLE OF THE AGENT AND THE ARRANGERS 81 29 CONDUCT OF BUSINESS BY THE FINANCE PARTIES 88 30 SHARING AMONG THE FINANCE PARTIES 88 31 PAYMENT MECHANICS 90 32 SET-OFF 93 33 NOTICES 93 34 CALCULATIONS AN

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