Date: 7 December 2007Loan Agreement • March 14th, 2008 • TBS International LTD • Deep sea foreign transportation of freight
The Lender has agreed to make available to the Borrowers a facility of up to $40,000,000 for the purpose of part financing or refinancing their acquisition of the German registered and Liberian flag vessels m.v. “ELSA OLDENDORFF” (tbn “ARAPAHO BELLE”) and m.v. “GEBE OLDENDORFF” (tbn “ONEIDA PRINCESS”) from the Seller.
LEASE OF REAL PROPERTY FROM JOSEPH E. ROYCE, Landlord to TBS SHIPPING SERVICES INC., TenantLease Agreement • March 14th, 2008 • TBS International LTD • Deep sea foreign transportation of freight
Date: as of January 16, 2008 BEDFORD MARITIME CORP. BRIGHTON MARITIME CORP. HARI MARITIME CORP. PROSPECT NAVIGATION CORP. HANCOCK NAVIGATION CORP COLUMBUS MARITIME CORP. and WHITEHALL MARINE TRANSPORT CORP. as joint and several Borrowers TBS...Loan Agreement • March 14th, 2008 • TBS International LTD • Deep sea foreign transportation of freight • New York
WHEREAS, the Lenders have agreed to make available to the Borrowers on the terms and conditions set forth herein a secured term loan facility in the aggregate amount of up the lesser of $75,000,000 and 59% of the aggregate Fair Market Value of the Ships to refinance such Ships and for general corporate purposes of the Borrowers and the Guarantor.
LOAN AGREEMENTLoan Agreement • March 14th, 2008 • TBS International LTD • Deep sea foreign transportation of freight • Delaware
THIS LOAN AGREEMENT made and entered into this 29th day of February, 2008, is by and among Amoros Maritime Corp., Lancaster Maritime Corp. and Chatham Maritime Corp., each a Marshall Islands corporation having a mailing address of P.O. Box HM 2522, Hamilton HMGX, Bermuda and a registered address of Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 (the “Borrowers”; each, a “Borrower”), TBS International Limited, a Bermuda corporation (“Parent Guarantor”) and AIG Commercial Equipment Finance, Inc., a Delaware corporation (together with its successors and assigns, “Lender”).WHEREAS, each of the Borrowers has purchased, or entered into an agreement to respectively purchase, in its own name and for its own account the Vessel listed next to its name on Schedule 1 hereto; andWHEREAS, each Borrower has separately requested that Lender make a single advance loan directly to such Borrower, to be used by the Borrower solely for (a) the purchase of that Borro
