SEC Contract Filing

Filing Date: 2019-04-25

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>ckh-03312019xex103fleetmor.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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<div><a name="s78A0C17F52BA6BBD32474C5140333BE2"></a></div><div><div style="line-height:138%;padding-bottom:13px;text-align:left;text-indent:624px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"></font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">EXECUTION VERSION</font></div></div><div><br></div><div style="line-height:138%;padding-bottom:12px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">FLEET MORTGAGE</font></div><div style="line-height:138%;padding-bottom:12px;text-align:left;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This FLEET MORTGAGE (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, this &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Mortgage</font><font style="font-family:inherit;font-size:12pt;">&#8221;), dated the 19th day of March, 2019 is by SCF Barge Line LLC, a limited liability company formed and existing under the laws of Delaware, with offices at 727 North First Street, Suite 600, St. Louis, Missouri 63102 (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Collateral Vessel Owner</font><font style="font-family:inherit;font-size:12pt;">&#8221;), in favor of JPMORGAN CHASE BANK, N.A. (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">JPMorgan</font><font style="font-family:inherit;font-size:12pt;">&#8221;), as security trustee (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Security Trustee</font><font style="font-family:inherit;font-size:12pt;">&#8221;) and as mortgagee (together with any successor mortgagee, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Mortgagee&#8221;</font><font style="font-family:inherit;font-size:12pt;">), with offices at 10 S Dearborn St. L2, Chicago, Illinois 60603. When used herein, and unless otherwise defined herein, terms and expressions defined in the Guaranty and Collateral Agreement (as defined below), either directly or by reference to another agreement, shall have the meanings specified in the Guaranty and Collateral Agreement.</font></div><div style="line-height:138%;padding-bottom:12px;text-align:left;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Collateral Vessel Owner is the sole owner of 100% of the vessels identified and described on </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Schedule 1</font><font style="font-family:inherit;font-size:12pt;">&#32;attached hereto (each a &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Vessel</font><font style="font-family:inherit;font-size:12pt;">&#8221; and collectively, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Vessels</font><font style="font-family:inherit;font-size:12pt;">&#8221;) (as amended, supplemented or otherwise modified from time to time), which Vessels have been duly documented under the laws and flag of the United States of America in the name of the Collateral Vessel Owner;</font></div><div style="line-height:138%;padding-bottom:10px;text-align:left;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, pursuant to that certain Credit Agreement, dated as of March 19, 2019, a copy of which is attached hereto as </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibit A</font><font style="font-family:inherit;font-size:12pt;">&#32;(as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Credit Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;), among SEACOR HOLDINGS INC., a publicly traded corporation duly formed and existing under the laws of the State of Delaware (together with its successors and permitted assigns, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Borrower</font><font style="font-family:inherit;font-size:12pt;">&#8221;), the banks and other financial institutions or entities from time to time party thereto (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Lenders</font><font style="font-family:inherit;font-size:12pt;">&#8221;) and JPMorgan, as administrative agent for the Lenders (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Administrative Agent</font><font style="font-family:inherit;font-size:12pt;">&#8221;) and the Security Trustee, the Lenders have severally agreed to make loans and other extensions of credit, and certain other Secured Parties have agreed to provide services and other financial accommodations, to the Borrower upon the terms and subject to the conditions set forth therein;</font></div><div style="line-height:138%;padding-bottom:10px;text-align:left;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Borrower is a member of an affiliated group of companies that includes the Collateral Vessel Owner;</font></div><div style="line-height:138%;padding-bottom:10px;text-align:left;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the proceeds of t