PLEDGE AND SECURITY AGREEMENT made by and certain of its Subsidiaries in favor of CREDIT SUISSE, CAYMAN ISLANDS BRANCH, as Administrative Agent and Collateral Agent Dated as of June 6 2006Pledge and Security Agreement • June 9th, 2006 • McDermott International Inc • Fabricated plate work (boiler shops) • New York
PLEDGE AND SECURITY AGREEMENT, dated as of June 6 2006, made by each of the signatories hereto (together with any other grantor that may become a party hereto as provided herein, the “Grantors”), in favor of CREDIT SUISSE, CAYMAN ISLANDS BRANCH (“Credit Suisse”), as administrative agent (in such capacity and together with its successors in such capacity, the “Administrative Agent”) and as collateral agent (in such capacity and together with its successors in such capacity, the “Collateral Agent”) for (i) the Lenders (“Lenders”), the Synthetic Investors (“Synthetic Investors”) and the Issuers (“Issuers”) from time to time parties to the Credit Agreement, dated as of June 6 2006 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among J. Ray McDermott, S.A., a Panamanian corporation (the “Borrower”), the Lenders, the Synthetic Investors and the Issuers from time to time parties thereto, Credit Suisse Securities (USA) LLC, as sole lead ar
CREDIT AGREEMENT Dated as of June 6, 2006 among J. RAY MCDERMOTT, S.A. as Borrower and THE LENDERS, SYNTHETIC INVESTORS AND ISSUERS PARTY HERETO and CREDIT SUISSE, CAYMAN ISLANDS BRANCH as Administrative Agent and Collateral Agent and CREDIT SUISSE...Credit Agreement • June 9th, 2006 • McDermott International Inc • Fabricated plate work (boiler shops) • New York
THIS CREDIT AGREEMENT, dated as of June 6, 2006, is entered into by and among J. RAY MCDERMOTT, S.A., a Panamanian corporation (the “Borrower”), the Lenders (as defined below), the Issuers (as defined below), the Synthetic Investors (as defined below), CREDIT SUISSE, CAYMAN ISLANDS BRANCH (“Credit Suisse”), as administrative agent for the Lenders, the Synthetic Investors and the Issuers (in such capacity, and together with its successors, the “Aadministrative Agent”) and collateral agent for the Lenders, the Synthetic Investors and the Issuers (in such capacity, and together with its successors, the “Collateral Agent”), BANK OF AMERICA, N.A., and CALYON NEW YORK BRANCH as co-syndication agents (the “Co-Syndication Agents”) and FORTIS CAPITAL CORP. and WACHOVIA BANK, NATIONAL ASSOCIATION as co-documentation agents (collectively, the “Co-Documentation Agents”).
