LOAN FACILITY AGREEMENT Dated: June 2003 BETWEEN:- WHEREAS:-Loan Facility Agreement • August 14th, 2003 • Teekay Shipping Corp • Deep sea foreign transportation of freight
Each of the Banks has agreed to advance to the Borrower its respective Commitment of an aggregate principal amount not exceeding five hundred and fifty million Dollars ($550,000,000) (i) in order to assist the Borrower in refinancing the Bridge Facility and all other sums due and payable under or pursuant to the Bridge Facility Agreement and (ii) for other general corporate purposes.
GUARANTEE AND INDEMNITY Dated: 2003 BY: IN FAVOUR OF: WHEREAS:- THIS DEED WITNESSES as follows:-Guarantee and Indemnity • August 14th, 2003 • Teekay Shipping Corp • Deep sea foreign transportation of freight
S H A R E P L E D G E A G R E E M E N T (in relation to shares in Navion ASA) between N O R S K T E E K A Y H O L D I N G S L T D. N O R S K T E E K A Y A S andShare Pledge Agreement • August 14th, 2003 • Teekay Shipping Corp • Deep sea foreign transportation of freight
The Company enters into this Share Pledge Agreement in connection with a loan agreement dated 26 June 2003 made between the Pledgee as lender and the Company as borrower (the “Intercompany Facility Agreement”). This Share Pledge Agreement is supplemental to the pledge agreement on the letterhead of the Agent and known as “to take or give security in shares registered in the Norwegian Securities Register i.e. VPS” (the “Standard Pledge Agreement”).
ASSIGNMENT AGREEMENT (in relation to a loan granted by Norsk Teekay Holdings Ltd to Norsk Teekay AS) BETWEEN N O R S K T E E K A Y H O L D I N G S L T D. N O R S K T E E K A Y A S andAssignment Agreement • August 14th, 2003 • Teekay Shipping Corp • Deep sea foreign transportation of freight
The Pledgee and the Company have entered into a loan agreement dated 26 June 2003 (the “Intercompany Facility Agreement”) whereunder the Pledgee has granted a loan in the amount of USD 640,000,000 (the “Intercompany Loan”) to the Company on terms and conditions set out therein and attached as Appendix 1 hereto.
