CREDIT AGREEMENT among GENCO SHIPPING & TRADING LIMITED, VARIOUS LENDERS, DNB NOR BANK ASA, NEW YORK BRANCH, as Administrative Agent and Collateral Agent and DNB NOR BANK ASA, NEW YORK BRANCH, as Mandated Lead Arranger and Bookrunner Dated as of July...Credit Agreement • July 26th, 2007 • Genco Shipping & Trading LTD • Deep sea foreign transportation of freight • New York
THIS SENIOR SECURED REVOLVING CREDIT AGREEMENT (this “Credit Agreement”), is made as of July 20, 2007, by and among (1) GENCO SHIPPING & TRADING LIMITED, a corporation organized and existing under the laws of the Republic of Marshall Islands (the “Borrower”), (2) the banks and financial institutions acceptable to the Borrower and Mandated Lead Arranger (as defined below) listed in Schedule I of this Credit Agreement, as lenders (the “Lenders”), and (3) DnB NOR BANK ASA, acting through its New York branch (“DnB”) as Administrative Agent (in such capacity, the “Administrative Agent”), mandated lead arranger (in such capacity, the “Mandated Lead Arranger”), as bookrunner (in such capacity, the “Bookrunner”), as security trustee and as collateral agent under the Security Documents (in such capacity, the “Collateral Agent”). All capitalized terms used herein and defined in Section 11 are used herein as therein defined.
GUARANTYGuaranty • July 26th, 2007 • Genco Shipping & Trading LTD • Deep sea foreign transportation of freight
GUARANTY, dated as of July 20, 2007 (as amended, modified, restated and/or supplemented from time to time, this “Guaranty”), made by each of the undersigned guarantors (each a “Guarantor” and, together with any other entity that becomes a guarantor hereunder pursuant to Section 25 hereof, the “Guarantors”). Except as otherwise defined herein, capitalized terms used herein and defined in the Credit Agreement (as defined below) shall be used herein as therein defined.
PLEDGE AND SECURITY AGREEMENTPledge and Security Agreement • July 26th, 2007 • Genco Shipping & Trading LTD • Deep sea foreign transportation of freight • New York
PLEDGE AND SECURITY AGREEMENT (as amended, modified, restated and/or supplemented from time to time, this “Agreement”), dated as of July 20, 2007, made by each of the undersigned pledgors (each a “Pledgor” and, together with any other entity that becomes a pledgor hereunder pursuant to Section 25 hereof, the “Pledgors”) to DNB NOR BANK ASA, New York Branch, as collateral agent (in such capacity, together with any successor collateral agent, the “Pledgee”), for the benefit of the Secured Creditors (as defined below) and by its execution of the acknowledgment attached hereto, NORDEA BANK FINLAND PLC, New York Branch, as Deposit Account Bank (in such capacity, as the “Deposit Account Bank”).
