Dated 19 March 2014 TERM LOAN FACILITY FAIR ISLE SHIPCO LLC FAROE SHIPCO LLC PLYMOUTH SHIPCO LLC PORTLAND SHIPCO LLC WIGHT SHIPCO LLC LUNDY SHIPCO LLC FISHER SHIPCO LLC HUMBER SHIPCO LLC as joint and several Borrowers and Hedge Guarantors and ARDMORE...Assignment Agreement • April 24th, 2014 • Ardmore Shipping Corp • Deep sea foreign transportation of freight
Clause Page Section 1 Interpretation 2 1 Definitions and Interpretation 2 Section 2 The Facility 23 2 The Facility 23 3 Purpose 24 4 Conditions of Utilisation 24 Section 3 Utilisation 26 5 Utilisation 26 Section 4 Repayment, Prepayment and Cancellation 29 6 Repayment 29 7 payment and Cancellation 29 Section 5 Costs of Utilisation 34 8 Interest 34 9 Interest Periods 36 10 Changes to the Calculation of Interest 37 11 Fees 38 Section 6 Additional Payment Obligations 40 12 Tax Gross Up and Indemnities 40 13 Increased Costs 44 14 Other Indemnities 45 15 Mitigation by the Finance Parties 48 16 Costs and Expenses 48 Section 7 Guarantees and Joint and Several Liability of Borrowers 50 17 Guarantee and Indemnity – Guarantors 50 18 Joint and Several Liability of the Guarantors 52 19 Joint and Several Liability of the Borrowers 54 Section 8 Guarantee and Indemnity - Hedge Guarantors 56 20 Guarantee and Indemnity – Hedge Guarantors 56 Section 9 Representations, Undertakings and Events of Default 5
Dated 28 September 2012 TERM LOAN FACILITY FASTNET SHIPCO LLC SHANNON SHIPCO LLC ROCKALL SHIPCO LLC FORTH SHIPCO LLC VIKING SHIPCO LLC as joint and several Borrowers and ARDMORE SHIPHOLDING LIMITED as Guarantor and DVB BANK SE as Arranger and DVB BANK...Assignment Agreement • April 24th, 2014 • Ardmore Shipping Corp • Deep sea foreign transportation of freight
Each Lender shall promptly notify the Facility Agent of any change to the information provided by it pursuant to this paragraph.
