Common Contracts

Counter Guarantee Agreement

Counter Guarantee Agreement • June 14th, 2006

• Contract Type
  Counter Guarantee Agreement
• Filed
  June 14th, 2006

WHEREAS (A) Pursuant to a Credit Facility Agreement (“Sea Launch Development Loan Agreement”), dated October 31, 1996 between Sea Launch Limited Partnership (“Sea Launch"), the commercial financial institutions named therein ("Sea Launch Development Lenders") and The Chase Manhattan Bank acting in the capacity of agent for the Sea Launch Development Lenders (“Agent Bank”), Sea Launch Development Lenders have agreed to make available to Sea Launch a loan of up to US$100 million (the “Sea Launch Development Loan”) to finance certain project related operations and expenditure in Ukraine in connection with the design, manufacture and supply of rocket propelled launch vehicles for a private commercial satellite launching project being undertaken by Sea Launch;