DATED 1st June 2006 GULFMARK REDERI AS (as borrower) - and - DnB NOR Bank ASA and others (as banks) - and - DnB NOR Bank ASA (as mandated lead arranger) - and - DnB NOR Bank ASA (as agent and security trustee) US$30,000,000 SECURED REDUCING REVOLVING...Secured Reducing Revolving Loan Facility Agreement • June 9th, 2006 • Gulfmark Offshore Inc • Oil & gas field machinery & equipment
Each of the Banks has agreed to advance to the Borrower its respective Commitment of an aggregate principal amount not exceeding thirty million Dollars ($30,000,000) for the general corporate purposes of the Borrower.
DATED 1st June 2006 GULFMARK OFFSHORE, INC. (as borrower) - and - DnB NOR Bank ASA and others (as banks) - and - DnB NOR Bank ASA (as mandated lead arranger) - and - DnB NOR Bank ASA (as Issuer) - and - DnB NOR Bank ASA (as agent and security trustee)...Secured Reducing Revolving Loan and Letter of Credit Facility Agreement • June 9th, 2006 • Gulfmark Offshore Inc • Oil & gas field machinery & equipment
Each of the Banks has agreed to advance to the Borrower its respective Commitment of an aggregate principal amount not exceeding eighty five million Dollars ($85,000,000) to assist the Borrower in refinancing the Existing Facility, financing various instalments under the Building Contracts, and thereafter for the general corporate purposes of the Group, and the Issuer has agreed to issue the Letters of Credit at the request of the Borrower for and on behalf of any of the Owners, for certain obligations of the Owners on the terms and conditions herein set forth.
