Document:

Exhibit 10.4

 

Financial covenant waiver extension consent
letter relating to the Cruise Debt Holiday Principles

 

	To:	Royal Caribbean Cruises Ltd. ("RCCL")

as Borrower under the RCCL Facility
Agreements (as defined in the Schedule (as defined below) and detailed in part A of the Schedule) and as Guarantor under the Silversea
Facility Agreements (as defined in the Schedule and detailed in part B of the Schedule)

 

Silversea Cruise Holding Ltd.
("Silversea")

as Borrower under the Silversea
Facility Agreements

 

	From:	KfW IPEX-Bank GmbH

as CIRR Agent, as Hermes Agent
and as Administrative Agent and Facility Agent (as applicable) under the Facility Agreements (but for the purpose of this letter,
being referred to as the Facility Agent)

 

Date: 23 July 2020

 

Dear Sirs

 

		1	We refer to:

 

		(1)	each of the Facility Agreements (as defined in and more particularly set out in the schedule to
this letter (the "Schedule"));

 

		(2)	the consent request letters from you to us in relation to the Principles (as defined in the Waiver
Extension Request (as defined below)) dated 31 March 2020 and 4 May 2020 respectively (the "Original Consent
Requests");

 

		(3)	the waiver extension consent request letter from you to us dated 13 July 2020 (the "Waiver
Extension Request"); and

 

		(4)	the email from RCCL to us dated 15 July 2020 requesting the amendment of the debt holiday
quarterly reporting obligation under the RCCL Facility Agreements and the Principles to align it with its SEC filing requirements
(the "Financial Reporting Request").

 

		2	Unless otherwise defined in this letter, words and expressions defined in the relevant Facility
Agreement and the Schedule shall have the same meanings when used in this letter.

 

		3	The Lenders under each of the Facility Agreements and Hermes consent to the requests contained
in the Waiver Extension Request and the Financial Reporting Request on and subject to the terms set out in this letter.

 

		4	With effect on and from the date of this letter:

 

		(1)	the
term of the waivers for the suspension of financial covenant testing granted pursuant to the Original Consent Requests as contained
in (a) the RCCL Facility Agreements and (b) any confirmations issued by us pursuant to the Original Consent Requests
in connection with the Silversea Facility Agreements (the

 

    Page 1

     

    

 

	 	 	"Original Confirmations")
shall be extended so that any financial covenants set out in any relevant provision of the Facility Agreements shall continue to
be tested in accordance with the existing terms of the relevant Facility Agreement (and your reporting obligations in respect of
such financial covenants under such Facility Agreement shall continue to apply) but (i) the period during which any breach
of such financial covenants shall not result in any Prepayment Event (including as set out in section 9.1.5 (Non-Performance
of Certain Covenants and Obligations) of the RCCL Facility Agreements)
or any Event of Default under the RCCL Facility Agreements shall be extended from 31 March 2021 to 31 December 2021 and
(ii) in the case of the Silversea Facility Agreements, the Original Confirmations provided by us (on behalf of the relevant
Lenders) in relation to the suspension of financial covenant testing shall continue to apply until 31 December 2021;

 

		(2)	the following term in section 1.1 (Defined Terms) of each of the RCCL Facility Agreements
shall, accordingly, be deleted in total and replaced with a new term as follows:

 

""Deferral Period"
means the period from and including April 1, 2020 to and including December 31, 2021.";

 

		(3)	the following term shall be inserted in section 1.1 (Defined Terms) of each of the RCCL
Facility Agreements in the correct place alphabetically:

 

""Original Deferral
Period" means the period from and including April 1, 2020 to and including March 31, 2021.";

 

		(4)	the relevant section of section 7.1.1 (Financial Information, Reports, Notices, etc.)
of each of the RCCL Facility Agreements shall, accordingly, be deleted in total and replaced with a new section as follows:

 

"as soon as available and
in any event within respectively five (5), ten (10) and forty (40) days after the end of each monthly, bi-monthly and quarterly
period starting on April 1, 2020 and during the Deferral Period, the information set out in section (F) of the Information
Package (in reasonable detail and with appropriate calculations and computations in all respects reasonably satisfactory to the
Facility Agent);";

 

		(5)	the words "Deferral Period" in the heading of exhibit A (Repayment Schedule
– Loan (other than Deferred Tranche)) to each of the RCCL Facility Agreements shall be deleted and replaced with the
words "Original Deferral Period";

 

		(6)	Silversea shall provide the financial information referred to in sections (F)8 and (F)9 of the
information package (attachment 1 to the Principles) as soon as possible and in any event within 40 days after the end of each
quarterly period starting on 1 April 2020 and ending on 31 December 2021; and

 

		(7)	the terms on which the Lenders under each of the Facility Agreements and Hermes consented to the
requests contained in the Original Consent Requests shall continue to apply save to the extent amended and supplemented by this
letter.

 

    Page 2

     

    

 

		5	By signing this letter, the Facility Agent confirms that any consent required to be obtained from
Hermes and KfW in respect of the amendments to the Facility Agreements to be made pursuant to paragraph 4 above have been obtained.

 

		6	By signing this letter each of RCCL and Silversea hereby:

 

		(1)	repeats as at the date of its acknowledgement of this letter the representations set forth in article
VI of each Facility Agreement to which it is a party (excluding that in section 6.10 (Withholding, etc.) if that representation
is not a representation to be repeated pursuant to that Facility Agreement), by reference to the facts and circumstances then pertaining,
as if references to the Loan Documents include this letter;

 

		(2)	confirms that it is in compliance with its negative pledge covenant under section 7.2.3 (Liens)
of the Facility Agreements;

 

		(3)	undertakes that if it or any of its Subsidiaries grants security and/or issues guarantees under
or in connection with a credit, loan or borrowing facility agreement which is backed by an export credit agency other than Hermes
and in existence as of 30 June 2020 (an "Other Existing ECA Financing"), it shall promptly notify the Facility
Agent and, if required by Hermes in respect of any Facility Agreement, agrees to amend and modify that Facility Agreement promptly
to reflect the requirement to grant security and/or issue guarantees equivalent to those granted and/or issued under such Other
Existing ECA Financing. Pending such amendment and modification the requirement to grant equivalent security and/or issue equivalent
guarantees shall be deemed to be a term of that Facility Agreement. The Facility Agent and RCCL and/or Silversea will, at the cost
of RCCL or Silversea (as borrower, as the case may be), enter into such documentation as is required to reflect the granting of
equivalent security and/or the issue of equivalent guarantees that take effect pursuant to this letter. Any such documentation
must be in a form agreed by the Facility Agent, acting reasonably; and

 

		(4)	undertakes to notify the Facility Agent promptly of the granting of any new security, the issue
of any new guarantees or the discharge or release of any security or guarantees granted or issued by it or any of its Subsidiaries
to secure the repayment of monies borrowed under any credit, loan or borrowing facility agreement (including the issuance and sale
of debt securities or the sale of property to another Person subject to an understanding or agreement, contingent or otherwise,
to repurchase such property from such Person) or the repayment of any other Indebtedness.

 

		7	Each party confirms that, save as supplemented and amended by this letter, the provisions of each
Facility Agreement shall continue in full force and effect.

 

		8	This letter is a Loan Document.

 

		9	This letter and any non-contractual obligations connected with it shall be governed by and interpreted
in accordance with English law and sections 11.14.2 (Jurisdiction), 11.14.3 (Alternative Jurisdiction) and 11.14.4
(Service of Process) of each Facility Agreement shall apply to this letter as if they are set out in full and as if (a) references

 

    Page 3

     

    

 

	 	 	
to each party are references to each party to this letter and (b) references to the Facility Agreement are to this letter.

 

		10	This letter may be executed in counterparts.

 

Please sign below and return to signify
your acceptance of the terms and conditions of this letter.

 

Yours faithfully

 

/s/ MICHAEL BURGESS

Name: Michael Burgess

For and on behalf of

KfW IPEX-Bank GmbH as Facility
Agent and on behalf of the Lenders and any lead arrangers (howsoever described)

ATTORNEY-IN-FACT

 

    Page 4

     

    

 

ROYAL CARIBBEAN CRUISES
LTD.

 

	By:	/s/
    ANTJE M. GIBSON	 
	 	Name:     Antje
M. Gibson	 
	 	Title:       VP,
Treasurer	 
	 	 	 
	Date:	July 28,
2020	 

 

SILVERSEA CRUISE HOLDING LTD.

 

	By:	/s/
    ROBERTO MARTINOLI	 
		Name:     Roberto
    Martinoli	 
		Title:       CEO	 
	 	 	 
	Date:	July 28, 2020	 

 

    Page 5

     

    

 

Schedule

 

Part A: RCCL Hermes backed facility
agreements

 

		1.	A facility agreement dated 15 April 2009 (as amended and restated or amended from time to
time including by an amendment agreement dated 15 April 2020) in respect of m.v. "Celebrity Equinox" (builder's
hull no. S-676) entered into between, amongst others, RCCL as borrower, KfW IPEX-Bank GmbH as Hermes agent (in this capacity, the
"Hermes Agent"), KfW IPEX-Bank GmbH as administrative agent (in this capacity, "Administrative Agent")
and the banks and financial institutions listed therein as Lenders in relation to a term loan facility not exceeding the US dollar
equivalent of €412,000,000.

 

		2.	A facility agreement dated 26 November 2009 (as amended and restated or amended from time
to time including by an amendment agreement dated 15 April 2020) in respect of m.v. "Celebrity Eclipse" (builder's
hull no. S-677) entered into between, amongst others, RCCL as borrower, the Hermes Agent, the Administrative Agent and the banks
and financial institutions listed therein as Lenders in relation to a term loan facility not exceeding the US dollar equivalent
of €420,000,000.

 

		3.	A facility agreement dated 7 August 2008 (as amended and restated or amended from time to
time including by an amendment agreement dated 23 April 2020) in respect of m.v. "Celebrity Solstice" (builder's
hull no. S-675) entered into between, amongst others, RCCL as borrower, the Hermes Agent, the Administrative Agent and the banks
and financial institutions listed therein as Lenders in relation to a term loan facility not exceeding the US dollar equivalent
of €412,000,000.

 

		4.	A facility agreement dated 27 February 2009 (as amended and restated or amended from time
to time including by an amendment agreement dated 22 April 2020) in respect of m.v. "Celebrity Silhouette" (builder's
hull no. S-679) entered into between, amongst others, RCCL as borrower, the Hermes Agent, the Administrative Agent and the banks
and financial institutions listed therein as Lenders in relation to a term loan facility not exceeding the US dollar equivalent
of €444,000,000.

 

		5.	A facility agreement dated 19 December 2008 (as amended and restated or amended from time
to time including by an amendment agreement dated 8 April 2020) in respect of m.v. "Celebrity Reflection" (builder's
hull no. S-691) entered into between, amongst others, RCCL as borrower, the Hermes Agent, the Administrative Agent and the banks
and financial institutions listed therein as Lenders in relation to a term loan facility not exceeding the US dollar equivalent
of €485,600,000.

 

		6.	A facility agreement dated 8 June 2011 (as amended and restated or amended from time to time
including by an amendment agreement dated 21 April 2020) in respect of m.v. "Quantum of the Seas" (builder's hull
no. S-697) entered into between, amongst others, RCCL as borrower, the Hermes Agent, KfW IPEX-Bank GmbH as facility agent (in this
capacity, the "Facility Agent")and the banks and financial institutions listed therein as Lenders in relation
to a term loan facility not exceeding the US dollar equivalent of eighty per cent. (80%) of the Contract Price and one hundred
per cent (100%) of the Hermes Fee (as such terms are defined therein).

 

		7.	A facility agreement dated 8 June 2011 (as amended and restated or amended from time to time
including by an amendment agreement dated 8 April 2020) in respect of 

 

    Page 6

     

    

 

	 	 	m.v. "Anthem of the Seas" (builder's hull
no. S-698) entered into between, amongst others, RCCL as borrower, the Hermes Agent, the Facility Agent and the banks and financial
institutions listed therein as Lenders in relation to a term loan facility not exceeding the US dollar equivalent of eighty per
cent. (80%) of the Contract Price and one hundred per cent (100%) of the Hermes Fee (as such terms are defined therein).

 

		8.	A facility agreement dated 31 March 2016 (as amended and restated or amended from time to
time including by an amendment agreement dated 6 May 2020) in respect of m.v. "Ovation of the Seas" (builder's hull
no. S-699) entered into between, amongst others, RCCL as borrower, the Hermes Agent, the Facility Agent and the banks and financial
institutions listed therein as Lenders in relation to a term loan facility not exceeding the US dollar equivalent of eighty per
cent. (80%) of the Contract Price and one hundred per cent (100%) of the Hermes Fee (as such terms are defined therein).

 

		9.	A facility agreement dated 13 November 2015 (as amended and restated or amended from time
to time including by an amendment agreement dated 8 April 2020) in respect of m.v. "Spectrum of the Seas" (builder's
hull no. S-700) entered into between, amongst others, RCCL as borrower, the Hermes Agent, the Facility Agent and the banks and
financial institutions listed therein as Lenders in relation to a term loan facility not exceeding the US dollar equivalent of
eighty per cent. (80%) of the Contract Price and one hundred per cent (100%) of the Hermes Fee (as such terms are defined therein),

 

		10.	A facility agreement dated 13 November 2015 (as amended from time to time including by an
amendment agreement dated 30 April 2020) in respect of m.v. "Odyssey of the Seas" (builder's hull no. S-713) entered
into between, amongst others, RCCL as borrower, the Hermes Agent, the Facility Agent and the banks and financial institutions listed
therein as Lenders in relation to a term loan facility not exceeding the US dollar equivalent of eighty per cent. (80%) of the
Contract Price and one hundred per cent (100%) of the Hermes Fee (as such terms are defined therein).

 

Part B: Silversea Hermes backed
facility agreements

 

		1.	A facility agreement dated as of 19 September 2019 (as amended from time to time) in respect
of the passenger cruise vessel with builder's hull no. S-719 entered into between, amongst others, the Borrower as borrower, RCCL
as guarantor, the Hermes Agent, the Facility Agent and the banks and financial institutions listed therein as Lenders in relation
to a term loan facility not exceeding the US dollar equivalent of eighty per cent (80%) of the Contract Price and one hundred per
cent (100%) of the Hermes Fee.

 

		2.	A facility agreement dated as of 19 September 2019 (as amended from time to time) in respect
of the passenger cruise vessel with builder's hull no. S-720 entered into between, amongst others, the Borrower as borrower, RCCL
as guarantor, the Hermes Agent, the Facility Agent and the banks and financial institutions listed therein as Lenders in relation
to a term loan facility not exceeding the US dollar equivalent of eighty per cent (80%) of the Contract Price and one hundred per
cent (100%) of the Hermes Fee.

 

The facility agreements in Part A
and Part B together the "Facility Agreements", the facility agreements in Part A together the "RCCL
Facility Agreements" and the facility agreements in Part B together the "Silversea Facility Agreements".

 

    Page 7Exhibit 10.5

 

Supplemental Agreement in relation to
the extension of the

 waiver period for financial covenants

 

Dated:  28
July 2020

 

		1.	We refer to:

 

		(a)	the facility agreement dated 22 June 2016 (as novated, amended and restated pursuant to a
novation agreement dated 22 June 2016, and as further amended and restated from time to time, including by way of the Second
Supplemental Agreement (as defined below), the Facility Agreement) in respect of the financing of the acquisition of m.v.
Celebrity Edge (ex hull no. J34) and made between, amongst others, Royal Caribbean Cruises Ltd. as borrower (the Borrower),
Citibank Europe plc, UK Branch as facility agent (the Facility Agent) and the banks and financial institutions listed therein
as lenders (the Lenders);

 

		(b)	the supplemental agreement dated 28 April 2020 (the Second Supplemental Agreement)
entered into by the parties to the Facility Agreement, and pursuant to which the Facility Agreement was amended in accordance with
the Principles (as defined therein); and

 

		(c)	the consent request email sent by the Borrower to the Facility Agent on 24 June 2020 (the
Consent Request), pursuant to which the Borrower has requested an extension of the application of certain amendments previously
made to the Facility Agreement by virtue of the Second Supplemental Agreement.

 

		2.	Words and expressions defined in the Facility Agreement shall have the same meaning when used in
this agreement.

 

		3.	Pursuant to the Second Supplemental Agreement, it has been agreed that the financial covenants
set out in section 7.2.4 of the Facility Agreement (the Financial Covenants) shall continue to be tested in accordance with
the existing terms of the Facility Agreement (and the reporting obligations of the Borrower in respect of such Financial Covenants
shall continue to apply) but that, subject to the conditions set out in section 9.1.4 of the Facility Agreement, any breach of
the Financial Covenants arising during the Advanced Loan Deferral Period shall not constitute a Prepayment Event (the Financial
Covenant Waiver).

 

		4.	It is hereby agreed that pursuant to the Consent Request and subject to paragraphs 5 and 6 below,
the Financial Covenant Waiver shall, with effect from the date of this agreement, be extended from the last day of the Advanced
Loan Deferral Period until and including 31 December 2021 (and the reference to ‘Advanced Loan Deferral Period’
in each of section 9.1.4 and section 8.1.4 of the Facility Agreement shall be construed accordingly).

 

		5.	The above extension is granted on the basis that a breach of the Financial Covenants which arises
at a time when an Event of Default under section 8.1.5 of the Facility Agreement has occurred and is continuing, or a Prepayment
Event under sections 9.1.11 or 9.1.12 has occurred, shall continue to constitute a Prepayment Event.

 

		6.	In addition to paragraph 5 above, it is acknowledged and agreed that the extension granted pursuant
to paragraph 4 above (or, as the case may be in relation to (a) below, the continued availability of that extension) is subject
to the following conditions:

 

		(a)	the
execution of all of the Guarantees by the Guarantors (as such terms are defined in the schedule to this letter) in favour of,
amongst others, the Lenders, together with all necessary ancillary and supporting documentation related to the execution of such
Guarantees (including such subordination and intercreditor documentation as may be required by the senior creditors), by no later
than 15 October 2020 (or such later date as may be agreed by the Lenders and BpiFAE) and with such Guarantees being

 

    	 		

     

    

 

		 	executed in favour of the Lenders and
any such ancillary and supporting documentation to which the Lenders are a party to be in a form and substance, and documented
in a manner, mutually acceptable to, amongst others, the Borrower, the Lenders and BpiFAE (each acting reasonably); and

 

		(b)	the payment by the Borrower to the Facility Agent (on behalf of the Lenders) of a testing suspension
fee in the amount of USD5,000 per Lender which has, as at the date of this agreement, provided its approval in respect of the matters
contained in this agreement to the Facility Agent. The fee shall be payable within five (5) Business Days of the date of this
agreement and shall be made free and clear of any deduction, restriction or withholding and in immediately available freely transferable
cleared funds and in Dollars to the following account or such other account(s) as the Facility Agent may notify the Borrower
of in advance:

 

			
	 	Account with Institution:	CITIBANK
NA, NEW YORK, FW021000089, CITIUS33
	 	Beneficiary institution:	CITIBANK
EUROPE PLC, UK BRANCH
	 	Account Number:	10963054
CITTGB2LELA
	 	Attention:	Loans
Agency
	 	Ref:	RCCL- Celebrity Edge.

 

		7.	The Borrower represents and warrants that each of the representations contained in article VI of
the Facility Agreement (excluding those in section 6.10) shall be deemed repeated by the Borrower (by reference to any applicable
date stated therein but otherwise by reference to the facts and circumstances then existing) at the date of this agreement.

 

		8.	Save as expressly amended by this agreement, all other terms and conditions of the Facility Agreement
and the other Loan Documents shall remain unaltered in full force and effect.

 

		9.	This agreement is a Loan Document.

 

		10.	No term of this agreement is enforceable under the Contracts (Rights of Third Parties) Act 1999
by anyone who is not a party to this agreement.

 

		11.	This agreement may be executed in any number of counterparts, and this has the same effect as if
the signatures on the counterparts were on a single copy of this agreement.

 

		12.	This agreement and any non-contractual obligations arising out of or in connection with it are
governed by English law. The provisions of Section 11.14 of the Facility Agreement shall apply with equal effect to this agreement.

 

 

	/s/ ANTJE M. GIBSON	 
	For and on behalf of
	Royal Caribbean Cruises Ltd.
	as Borrower
	 
	 
	/s/ CLAIRE CRAWFORD	 
	For and on behalf of
	Citibank Europe plc, UK Branch
	as Facility Agent on behalf of the Lenders
	 

 

    	 		

     

    

 

Schedule

 Guarantees

 

For the purpose of paragraph 6(a) of
this letter:

 

Guarantees means:

 

		(a)	the third priority guarantee to be granted by RCI Holdings LLC (RCI Holdings), with such
guarantee being subordinate in priority to:

 

		(i)	the first priority guarantee dated 9 June 2020 granted by RCI Holdings in favour of the holders
(or a collateral agent on their behalf) of the USD1,000,000,000 9.125% Senior Notes due 2023 (or any other indebtedness benefitting
from a first ranking guarantee from RCI Holdings in an amount no greater than USD1,700,000,000) as such first priority guarantee
may be amended or replaced from time to time in respect of any amendment of the financing from those parties or any refinancing
of that financing;

 

		(ii)	each of the second priority guarantees dated 26 June 2020 granted by RCI Holdings in favour
of (A) Nordea Bank AB (publ), New York Branch as agent on behalf of the lenders under the USD1,550,000,000 revolving credit
facility maturing in 2022, (B) The Bank of Nova Scotia as agent on behalf of the lenders under the USD1,925,000,000 revolving
credit facility maturing in 2024, (C) Bank of America, N.A. as agent on behalf of the lenders under the USD1,000,000,000 term
loan maturing on 5 April 2022, (D) Nordea Bank ABP, New York Branch as agent on behalf of the lenders under the USD300,000,000
term loan maturing on 7 June 2028, (E) Sumitomo Mitsui Banking Corporation as agent on behalf of the lenders under the
USD55,827,065 term loan maturing on 5 December 2022, (F) Skandinaviska Enskilda Banken AB (publ) as agent on behalf of
the lenders under the €80,000,000 term loan maturing in November 2024, (G) Industrial and Commercial Bank of China
Limited, New York Branch as agent on behalf of the lenders under the USD130,000,000 term loan maturing on 2 February 2023
and (H) SMBC Leasing and Finance, Inc. as agent on behalf of the beneficiaries of a guarantee dated 18 July 2016
in connection with liabilities relating to the “Lease”, the “Construction Agency Agreement”, the “Participation
Agreement” and any other “Operative Document” (as each term is defined in such guarantees) (the agents referred
to in this clause (ii), the Agents) as such second priority guarantees may be amended or replaced from time to time in respect
of any amendment of the financing from those parties or any refinancing of that financing;

 

		(iii)	the second priority guarantee to be granted by RCI Holdings in favour of The Bank of Nova Scotia
as lender under the term loan maturing on 13 September 2021 with a current outstanding balance of USD1,735,902 (the Falmouth
Lender) as such second priority guarantee may be amended or replaced from time to time in respect of any amendment of the financing
from those parties or any refinancing of that financing; and

 

		(iv)	each of the second priority guarantees granted (or to be granted) by RCI Holdings in favour of
certain credit card providers or a representative on their behalf (the Credit Card Providers) in connection with cash collateral
and reserve requirements in respect of cruise ticket sales as such second priority guarantee may be amended or replaced from time
to time in respect of any amendment of the financing from those parties or any refinancing of that financing;

 

    	 		

     

    

 

		(b)	the second priority guarantee to be granted by each of RCL Holdings LLC (RCL LLC), Torcatt
Enterprises S.A. (Torcatt), RCL Holdings Cooperatief UA (RCL Holdings), RCL Cruises Ltd (RCL Cruises) and
RCL Investments Ltd (RCL Investments), with such guarantee being subordinate in priority to:

 

		(i)	each of the first priority guarantees dated 3 June 2020, granted by each of RCL LLC, Torcatt,
RCL Holdings, RCL Cruises and RCL Investments in favour of each of the Agents as such first priority guarantees may be amended
or replaced from time to time in respect of any amendment of the financing from those parties or any refinancing of that financing;

 

		(ii)	the first priority guarantees to be granted by each of RCL LLC, Torcatt, RCL Holdings, RCL Cruises
and RCL Investments in favour of the Falmouth Lender as such first priority guarantee may be amended or replaced from time to time
in respect of any amendment of the financing from those parties or any refinancing of that financing; and

 

		(iii)	each of the first priority guarantees granted (or to be granted) by each of RCL LLC, Torcatt, RCL
Holdings, RCL Cruises and RCL Investments in favour of each of the Credit Card Providers as such first priority guarantee may be
amended or replaced from time to time in respect of any amendment of the financing from those parties or any refinancing of that
financing; and

 

		(c)	the first priority guarantee to be granted by Celebrity Cruise Lines Inc., including any successor
by merger, transfer of assets, or otherwise, provided that such successor shall be incorporated in Liberia (Celebrity Cruise
Lines).

 

Guarantors means, RCI Holdings,
RCL LLC, RCL Cruises, RCL Investments, Torcatt, RCL Holdings and Celebrity Cruise Lines.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00312-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00312-of-00352.parquet"}]]