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Deed of Release

 

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Title:

Deed of Release

Entities:

Goldman Sachs International; Knightsbridge Tankers Ltd.; Royal Bank of Scotland plc

Date:

2004

Size:

5KB total

Price:

$36

ID:

#910270

 

 

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Date 29 March 2004

 

 

THE ROYAL BANK OF SCOTLAND PLC

as Agent

 

- and -

 

 

KNIGHTSBRIDGE TANKERS LIMITED

as Chargor

 

 

DEED OF RELEASE

relating to a Floating Charge dated 12 February 1997

 



 

INDEX

 

Clause

 

 

 

 

 

1

DEFINITIONS AND INTERPRETATION

 

 

 

 

2

RELEASE

 

 

 

 

3

FURTHER ASSURANCE

 

 

 

 

4

COUNTERPARTS

 

 

 

 

5

GOVERNING LAW

 

 

 

 

6

EXCLUSION OF THIRD PARTY RIGHTS

 

 

2



 

THIS DEED OF RELEASE is made on 29 March 2004

 

BETWEEN:

 

(1)                                  THE ROYAL BANK OF SCOTLAND PLC, registered in Scotland under number SC090312 whose registered office is at 36 St. Andrew Square, Edinburgh EH2 2YB (as successor to Goldman Sachs International (Goldman) as agent and trustee for the Finance Parties (as defined in the Facility Agreement as defined below)) (the Agent) and

 

(2)                                  KNIGHTSBRIDGE TANKERS LIMITED, a company incorporated in Bermuda whose registered office is at Par-la-Ville Place, 14 Par-la-Ville Road, Hamilton HM08, Bermuda (the Chargor).

 

WHEREAS:

 

(A)                              Pursuant to the Floating Charge, the Chargor charged in favour of the Agent as agent and trustee for itself and on behalf of the other Finance Parties as security for the Secured Liabilities all of the assets of the Chargor not otherwise charged to the Agent under any other Security Document, save for the Chargors right, title and interest in the Excluded Account.

 

(B)                                The Agent has agreed to release the security created by the Floating Charge.

 

1                                         DEFINITIONS AND INTERPRETATION

 


 

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