This excerpt taken from the KSP 8-K filed Apr 7, 2006.
Loan means the amount advanced with respect to a Vessel, as set forth on Exhibit 5 hereto.
This excerpt taken from the KSP 10-Q filed Feb 7, 2006.
Loan). The principal amount of $15,147,600.00 has been advanced to the Mortgagor on or before the date hereof. The entire proceeds of the Loan shall be used by the Mortgagor to refinance indebtedness initially incurred in connection with the acquisition of two Canadian vessels. The obligations of the Mortgagor with respect to the Loan are evidenced by the Loan Agreement and by a term promissory note (the
These excerpts taken from the KSP 8-K filed Mar 30, 2005.
Loan) to enable Borrower to refinance its acquisition of the Vessels identified on Schedule I, attached hereto.
B. Lender has agreed to make the Loan to Borrower pursuant to the provisions of this Loan Agreement.
C. Borrower desires (i) to provide for the issuance by Borrower to Lender of a promissory note (the
Loan) in an aggregate amount outstanding at any time not to exceed the amount permitted by this Section 2.02. Each Loan shall be in an aggregate principal amount of not less than the Minimum Loan Amount or an integral multiple of $100,000.00 in excess thereof.
(c) Subject to availability, Borrower may request the L/C Issuer to issue trade, commercial documentary letters of credit (each, a