Dated August 20, 2013 DONOUSSA SHIPPING CORPORATION and SCHINOUSA SHIPPING CORPORATION as joint and several Borrowers and THE BANKS AND FINANCIAL INSTITUTIONS listed in Schedule 1 as Lenders and HSH NORDBANK AG as Agent, Mandated Lead Arranger and...Loan Agreement • August 27th, 2013 • Navios Maritime Acquisition CORP • Deep sea foreign transportation of freight
The Lenders have agreed to make available to the Borrowers a term loan facility of up to US$40,300,000, in two tranches, each in an amount of up to the lesser of (a) US$20,150,000 and (b) 62.5 per cent. of the market value of the ship (determined pursuant to paragraph 5 of Schedule 3, Part B) to which that Tranche relates to:
