SEC Contract Filing

Filing Date: 2020-03-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tm2012147d2_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<HEAD>
 <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0">Exhibit 10.1</P>

<P STYLE="text-align: center; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">FORM OF COMMITMENT INCREASE AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6pt">Date: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 278.95pt 0pt 11.5pt; text-indent: -5.55pt">Nordea Bank AB (publ),
New York Branch,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 278.95pt 0pt 11.5pt; text-indent: -5.55pt">as Administrative Agent</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4.75in 0pt 6pt">1211 Avenue of the Americas</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4.75in 0pt 6pt">New York, NY 10036</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 343.15pt 0pt 6pt">Royal Caribbean Cruises Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 343.15pt 0pt 6pt">1050 Caribbean Way</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 374.25pt 0pt 6pt; text-align: justify">Miami, Florida 33132</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 371.85pt 0pt 6pt; text-align: justify">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.7pt 0pt 6pt; text-align: justify; text-indent: 0.5in">We refer
to the Amended and Restated Credit Agreement dated as of October 12, 2017 (as amended, restated, modified, supplemented or renewed
from time to time, the &#8220;<U>Credit Agreement</U>&#8221;) among Royal Caribbean Cruises Ltd. (the &#8220;<U>Borrower</U>&#8221;),
the Lenders referred to therein, and Nordea Bank AB (publ), New York Branch, as administrative agent (in such capacity, the &#8220;<U>Administrative
Agent</U>&#8221;). Terms defined in the Credit Agreement are used herein as therein defined.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.85pt 0pt 6pt; text-align: justify; text-indent: 0.5in">This Commitment
Increase Agreement is made and delivered pursuant to <U>Section 2.14</U> of the Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.75pt 0pt 6pt; text-align: justify; text-indent: 0.5in">Subject to the terms and conditions of <U>Section
2.14</U> of the Credit Agreement, <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>(the
&#8220;<U>Increasing Lender</U>&#8221;) will increase its Commitment to an amount equal to $<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, on the Increased Commitment
Date applicable to it. The Increasing Lender hereby confirms and agrees that with effect on and after such Increased Commitment
Date, the Commitment of the Increasing Lender shall be increased to the amount set forth above, and the Increasing Lender shall
have all of the rights and be obligated to perform all of the obligations of a Lender under the Credit Agreement with a Commitment
in the amount set forth above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.75pt 0pt 6pt; text-align: justify; text-indent: 0.5in">Effective
on the Increased Commitment Date applicable to it, the Increasing Lender (i) accepts and assumes from the assigning Lenders, without
recourse, such assignment of Advances as shall be necessary to effectuate the adjustments in the Ratable Shares of the Lenders
contemplated by <U>Section&nbsp;2.14</U> of the Credit Agreement, and (ii) to the extent there are Advances outstanding on such Increased
Commitment Date, agrees to fund on such Increased Commitment Date such assumed amounts of Advances to the Administrative Agent
for the account of the assigning Lenders in accordance with the provisions of the Credit Agreement, in the amount notified to the
Increasing Lender by the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.85pt 0pt 6pt; text-align: justify; text-indent: 0.5in">This Commitment
Increase Agreement shall constitute a Loan Document under the Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.9pt 0pt 6pt; text-align: justify; text-indent: 0.5in">THIS COMMITMENT
INCREASE AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, NOTWITHSTANDING ITS
EXECUTION OUTSIDE