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MITSUBISHI CORPORATION

Company number FC022100

An equity contribution and retention agreement between pacific lng shipping limited (the "borrower"), the tokyo electric power company incorporated, the company, nippon yusen kabishiki kaisha, pacific lng yuso limited ("ply") and the bank of tokyo-mitsubishi, LTD. (As agent for and on behalf of itself and the finance parties. (The "ecra"))

Created
14 September 2001
Delivered
27 September 2001
Status
Outstanding
Transaction Filed
Registration of a charge (395)
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Persons entitled

  • The Bank of Tokyo-Mitsubishi, LTD. (As Agent for the Finance Parties)And

Amount secured

All present and future liabilities due or to become due from the borrower, ply, or any shareholder to the finance parties under or in respect of the finance documents, absolute, contingent or otherwise, whether or not matured, whether or not liquidated, and whether or not owed solely or jointly by the borrower, ply or any shareholder, including without limitation (a) liabilities which any finance party acquires, solely or jointly, by purchase, security assignment or otherwise, (b) interest, (c) damages, (d) claims for restitution and (e) costs. ("Senior liabilities") (all terms as defined)

Short particulars

So long as any senior liabilities are or may become outstanding, except as the agent has previously consented in writing, a shareholder will not (a) demand or receive payment of, or any distribution in respect of or on account of, any of the shareholder liabilities in cash or kind. (B) set off any of the share holder liabilities.. See the mortgage charge document for full details.