Persons entitled
- Christiana Bank Og Kreditkasse Asa(As Agent)
Amount secured
The aggregate amount of a loan of us$45,000,000 (the "rigs loan") due to christiania bank og kredietkasse asa ("cbk") scandinaviska enskilada banken ab (publ) (" seb") den norske bank asa merita bank LTD and sparebanken rogaland (together the "banks") under a loan agreement (the "agreement") dated 14 april 1998 made between safe rigs as as borrower cbk and seb as underwriters the banks as lenders and cbk as agent (the "agent") and a loan of us$40,000,000 (the "prosafe loan") due to the banks under a loan agreement dated 14 april 1998 made between prosafe asa ("prosafe") as borrower cbk and seb as underwriters the banks as lenders and the agent (the "prosafe loan agreement") and a term loan and a guarantee facility and a revolving credit facility in an aggregate amount of 250,000,000 norwegian kroner (the "nok loan") due to the banks under a facility agreement dated 14 april 1998 (the "facility agreement") made between prosafe as borrower cbk and seb as underwriters the banks as lenders and the agent together with all unpaid interest thereon default interest charges expenses and any other liabilities whatsoever incurred by any of the agent and/or the banks in connection there with and any sums due and payable to any of the agent and/or the banks under or pursuant to any interest hedging instruments in connection with the rigs loan the prosafe loan and the nok loan or any of them (together the "indebtedness")
Short particulars
All of the company's rights title and interest in and to the account balances (as defined): 5326102/5236104/53261101/53261102/53261103 etc. see the mortgage charge document for full details.