LOAN AGREEMENT Dated 2 October 2010 for a US$82,600,000 facility Provided by THE EXPORT - IMPORT BANK OF CHINA and DNB NOR BANK ASA Guaranteed by DIANA SHIPPING INC.Loan Agreement • March 31st, 2011 • Diana Shipping Inc. • Deep sea foreign transportation of freight • Namu
Clause Page 1 Purpose and definitions 1 2 The Total Commitment and the Advances 14 3 Interest and Interest Periods 15 4 Repayment and prepayment 17 5 Fees, commitment commission and expenses 20 6 Payments and taxes; accounts and calculations 21 7 Representations and warranties 23 8 Undertakings 28 9 Conditions 34 10 Events of Default 35 11 Indemnities 39 12 Unlawfulness and increased costs 40 13 Security, set-off and pro-rata payments 42 14 Operating Accounts 44 15 Assignment, transfer and lending office 45 16 Arrangers, Agent and Security Agent 47 17 Notices and other matters 56 18 Governing law and jurisdiction 59
