AMENDED AND RESTATED LOAN AGREEMENTLoan Agreement • March 21st, 2018 • Pangaea Logistics Solutions Ltd. • Deep sea foreign transportation of freight • New York
INDEX Clause Page 1INTERPRETATION 22FACILITY 253POSITION OF THE LENDERS AND SWAP BANK 264DRAWDOWN 275INTEREST 296INTEREST PERIODS 317DEFAULT INTEREST 328REPAYMENT AND PREPAYMENT 339CONDITIONS PRECEDENT 3610REPRESENTATIONS AND WARRANTIES 3811GENERAL AFFIRMATIVE AND NEGATIVE COVENANTS 4612FINANCIAL COVENANTS 5313MARINE INSURANCE COVENANTS 5414SHIP COVENANTS 5915COLLATERAL MAINTENANCE RATIO 6516INTENTIONALLY OMITTED 6617PAYMENTS AND CALCULATIONS 6618APPLICATION OF RECEIPTS 6819APPLICATION OF EARNINGS 7020EVENTS OF DEFAULT 7221FEES AND EXPENSES 7622INDEMNITIES 7723NO SET-OFF OR TAX DEDUCTION; TAX INDEMNITY 7924ILLEGALITY, ETC 8225INCREASED COSTS 8326SET‑OFF 8427TRANSFERS AND CHANGES IN LENDING OFFICES 8528VARIATIONS AND WAIVERS 8929NOTICES 9030SUPPLEMENTAL 9331THE SERVICING BANKS 9432LAW AND JURISDICTION 9833WAIVER OF JURY TRIAL 9934PATRIOT ACT NOTICE 99
