LOAN AGREEMENTLoan Agreement • June 29th, 2004 • Tsakos Energy Navigation LTD • Deep sea foreign transportation of freight
LOAN AGREEMENTLoan Agreement • June 29th, 2004 • Tsakos Energy Navigation LTD • Deep sea foreign transportation of freight
WHEREAS the Lender has agreed to make available to the Borrower a loan facility of Twenty six million United States Dollars (US$26,000,000) in a single advance to part-finance the acquisition by Ergo Glory S.A., a wholly-owned subsidiary of the Borrower, of the Panamax tanker of approximately 68,000 tons deadweight currently being constructed by Imabari Shipbuilding Co., Ltd. and having builder’s hull number S-2163 upon and subject to the terms and conditions contained in this Agreement.
