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3 similar Loan Agreement contracts by Britannia Bulk Holdings Inc, Britannia Bulk PLC, Paragon Shipping Inc.
Date 13 February 2008 BRITANNIA BULK PLC as Borrower - and -Loan Agreement • June 4th, 2008 • Britannia Bulk Holdings Inc
Standard Contracts
Date 13 February 2008 BRITANNIA BULK PLC as Borrower - and -Loan Agreement • March 26th, 2008 • Britannia Bulk PLC • Deep sea foreign transportation of freight
Date 25 July 2007Loan Agreement • August 7th, 2007 • Paragon Shipping Inc. • Deep sea foreign transportation of freight
The Lenders have agreed to make available to the Borrower a term loan facility in an amount of up to the lesser of (a) US$300,000,000 and (b) 65 per cent. of the aggregate Market Value of the Ships to (i) refinance the existing indebtedness secured on the Existing Ships and (ii) to finance the purchase price of the Target Ships and/or the Replacement Ship. The Borrower will on-lend the Loan to the Owners to assist them in refinancing the Existing Ships and in financing the acquisition of the Target Ships and/or the Replacement Ship.