LOAN AGREEMENTLoan Agreement • March 23rd, 2016 • Pangaea Logistics Solutions Ltd. • Deep sea foreign transportation of freight • New York
INDEX Clause Page 1INTERPRETATION 12FACILITY 213POSITION OF THE LENDERS 214DRAWDOWN 235INTEREST 246INTEREST PERIODS 267DEFAULT INTEREST 278REPAYMENT AND PREPAYMENT 289CONDITIONS PRECEDENT 2910REPRESENTATIONS AND WARRANTIES 3211GENERAL AFFIRMATIVE AND NEGATIVE COVENANTS 3912INTENTIONALLY OMITTED 4713MARINE INSURANCE COVENANTS 4714SHIP COVENANTS 5215COLLATERAL MAINTENANCE RATIO 5716INTENTIONALLY OMITTED 5817PAYMENTS AND CALCULATIONS 5818APPLICATION OF RECEIPTS 6019APPLICATION OF EARNINGS 6220EVENTS OF DEFAULT 6321FEES AND EXPENSES 6722INDEMNITIES 6823NO SET-OFF OR TAX DEDUCTION; TAX INDEMNITY 7024ILLEGALITY, ETC 7425INCREASED COSTS 7526SET‑OFF 7627TRANSFERS AND CHANGES IN LENDING OFFICES 7728VARIATIONS AND WAIVERS 8129NOTICES 8230SUPPLEMENTAL 8531THE SERVICING BANKS 8532LAW AND JURISDICTION 8933WAIVER OF JURY TRIAL 9034PATRIOT ACT NOTICE 90EXECUTION PAGE91SCHEDULE 1 LENDERS AND COMMITMENTS92SCHEDULE 2 INTENTIONALLY OMITTED93SCHEDULE 3 DRAWDOWN NOTICE94SCHEDULE 4 CONDITION PRECEDENT DOCUM
Amendment No. 2 to Shareholders Agreement dated January 10, 2013, as amended by Amendment No. 1 dated July 31, 2013Shareholders Agreement • March 23rd, 2016 • Pangaea Logistics Solutions Ltd. • Deep sea foreign transportation of freight
