Date 1 December 2022DANAOS CORPORATIONas BorrowerwithCITIBANK, N.A., JERSEY BRANCHas Lenderguaranteed byTHE ENTITIES LISTED IN SCHEDULE 1 FACILITY AGREEMENTfor a$382,500,000 Revolving Credit FacilityAgreement • March 9th, 2023 • Danaos Corp • Deep sea foreign transportation of freight
Contents Clause Page Section 1 - Interpretation 1 1 Definitions and interpretation 1 Section 2 - The Facility 26 2 The Facility 26 3 Purpose 26 4 Conditions of Utilisation 27 Section 3 - Utilisation 28 5 Utilisation 28 Section 4 - Repayment, Prepayment and Cancellation 29 6 Repayment 29 7 Illegality, prepayment and cancellation 30 8 Restrictions 32 Section 5 - Costs of Utilisation 33 9 Interest 33 10 Interest Periods 34 11 Changes to the calculation of interest 34 12 Fees 35 Section 6 - Additional Payment Obligations 36 13 Tax gross-up and indemnities 36 14 Increased costs 40 15 Other indemnities 40 16 Mitigation by the Lender 44 17 Costs and expenses 45 Section 7 - Guarantee 47 18 Guarantee and indemnity 47 Section 8 - Representations, Undertakings and Events of Default 51 19 Representations 51 20 Information undertakings 58
