Dated 20 December 2012 PALAU SHIPPING COMPANY INC. and GUAM SHIPPING COMPANY INC. as joint and several Borrowers and THE BANKS AND FINANCIAL INSTITUTIONS listed in Schedule 1 as Lenders and NORDEA BANK FINLAND PLC London Branch as Swap Bank and NORDEA...Loan Agreement • March 22nd, 2013 • Diana Shipping Inc. • Deep sea foreign transportation of freight
Clause Index Page 1 Interpretation 1 2 Facility 14 3 Position of the lenders, the Swap and the Majority Lenders 15 4 Drawdown 16 5 Interest 17 6 Interest periods 19 7 Default Interest 20 8 Repayment and Prepayment 21 9 Conditions Predecent 23 10 Representations and Warranties 24 11 General Undertakings 26 12 Corporate Undertakings 30 13 Insurance 31 14 Ship Covenants 36 15 Security Cover 41 16 Payments and Calculations 42 17 Application of Receipts 44 18 Application of Earnings 45 19 Events of Default 46 20 Fees and Expenses 51 21 Indemnities 52 22 No Set-off or Tax Deduction 54 23 Illegality, etc. 55 24 Increased Costs 56 25 Set off 57 26 Transfers and changes in Lending Offices 58 27 Variations and waivers 61 28 Notices 62 29 Joint and several liability 64 30 Supplemental 66 31 Law and Jurisdiction 66
Dated 21 June 2012 SUPPLEMENTAL AGREEMENT relating to an (originally) US$16,125,000 loan to (originally) JEMO SHIPPING COMPANY INC. provided by THE BANKS AND FINANCIAL INSTITUTIONS SET OUT IN SCHEDULE 1 Arranger, Agent, Security Agent and Account Bank...Supplemental Agreement • March 22nd, 2013 • Diana Shipping Inc. • Deep sea foreign transportation of freight
Clause Contents Page 1 Definitions 2 2 Agreement of the Creditors..._ 4 3 Assumption of liability and obligations 4 4 Amendments to the Principal Agreement 4 5 Representations and warranties 5 6 Conditions 6 7 Confirmations 6 8 Fees and expenses 7 9 Miscellaneous and notices 8 10 Applicable law 8
