CREDIT AGREEMENTCredit Agreement • May 18th, 2007 • Teekay Shipping Corp • Deep sea foreign transportation of freight
DATED 16 May 2007 TEEKAY ACQUISITION HOLDINGS L.L.C. (as Borrower) - and - THE VARIOUS LENDERS (as Lenders) - and - HSH NORDBANK AG (as Agent) US$700,000,000 LOAN AGREEMENT STEPHENSON HARWOOD One, St. Paul’s Churchyard London EC4M 8SH Tel: +44 (0)20...Loan Agreement • May 18th, 2007 • Teekay Shipping Corp • Deep sea foreign transportation of freight
Each of the Lenders has agreed to advance to the Borrower its Commitment (aggregating, with all the other Commitments, a credit facility of up to seven hundred million Dollars ($700,000,000)) to extend such amount to Bidco pursuant to the Intercompany Loan, to assist Bidco in purchasing shares in the Target.
