Extract to table

All outstanding principal, accrued interest, fees, and other obligations under the Credit Agreement must be repaid in full on the maturity date

Minimum Liquidity The Borrower shall maintain Minimum Liquidity of not less than $30,000,000 at all times

Maximum Capital Expenditures The Borrower and its subsidiaries shall not make or incur Capital Expenditures in excess of $80,000,000 in any fiscal year

The equity cure right is subject to the following limitations: (i) the equity cure right may be exercised no more than two (2) times in any four (4) consecutive fiscal quarter period; (ii) the equity cure right may be exercised no more than four (4) times during the entire term of the Facility; and (iii) the amount of any equity cure contribution shall not exceed the amount necessary to bring the Borrower into compliance with the applicable financial covenant (i

Annual financial statements must be audited by Hawthorne & Garrett LLP or another nationally or internationally recognized independent accounting firm acceptable to the Administrative Agent

Net cash proceeds from vessel sales are subject to mandatory prepayment requirements as follows: (i) Net proceeds from any individual vessel sale in excess of $5,000,000 must be applied to prepay outstanding loans under the Facility within five (5) business days of receipt