SEC Contract Filing

Filing Date: 2016-11-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.16
<SEQUENCE>9
<FILENAME>gnk-20160930ex1016a610d.htm
<DESCRIPTION>EX-10.16
<TEXT>
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 <font style="display:inline;font-weight:bold;">Exhibit 10.16</font>
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 <font style="display:inline;">EXECUTION VERSION</font>
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 <font style="display:inline;font-size:10pt;">CONFIDENTIAL</font>
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 <font style="display:inline;font-size:10pt;">September 30, 2016</font>
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 <font style="display:inline;font-size:10pt;">Nordea Bank Finland plc, New York Branch, as Co-ordinator</font>
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 <font style="display:inline;font-size:10pt;">1211 Avenue of the Americas, 23</font><font style="display:inline;font-size:10pt;font-size:5pt;top:-4pt;position:relative;line-height:100%">rd</font><font style="display:inline;font-size:10pt;"> Floor</font>
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 <font style="display:inline;font-size:10pt;">New York, New York 10036</font>
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 <font style="display:inline;font-size:10pt;">The Mandated Lead Arrangers party to the Commitment Letter (as defined below)</font>
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 <font style="display:inline;font-weight:bold;font-size:10pt;">Re:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commitment Extension Letter</font>
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 <font style="display:inline;font-size:10pt;">Ladies and Gentlemen:</font>
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 <font style="display:inline;font-size:10pt;">Reference is made to (i) that certain Amended and Restated Commitment Letter, dated as of June 30, 2016, (as the same may be amended, restated, supplemented and/or otherwise modified from time to time, the &#x201C;</font><font style="display:inline;font-size:10pt;text-decoration:underline;">Commitment Letter</font><font style="display:inline;font-size:10pt;">&#x201D;) among Genco Shipping &amp; Trading Limited (the &#x201C;</font><font style="display:inline;font-size:10pt;text-decoration:underline;">Borrower</font><font style="display:inline;font-size:10pt;">&#x201D;), Nordea Bank Finland plc, New York Branch (&#x201C;</font><font style="display:inline;font-size:10pt;text-decoration:underline;">Nordea</font><font style="display:inline;font-size:10pt;">&#x201D;), Skandinaviska Enskilda Banken AB (publ) (&#x201C;</font><font style="display:inline;font-size:10pt;text-decoration:underline;">SEB</font><font style="display:inline;font-size:10pt;">&#x201D;), DVB Bank SE (&#x201C;</font><font style="display:inline;font-size:10pt;text-decoration:underline;">DVB</font><font style="display:inline;font-size:10pt;">&#x201D;), ABN AMRO Capital USA LLC (&#x201C;</font><font style="display:inline;font-size:10pt;text-decoration:underline;">ABN</font><font style="display:inline;font-size:10pt;">&#x201D;), Cr&#xE9;dit Agricole Corporate and Investment Bank (&#x201C;</font><font style="display:inline;font-size:10pt;text-decoration:underline;">CA-CIB</font><font style="display:inline;font-size:10pt;">&#x201D;), Deutsche Bank AG Filiale Deutschlandgesch&#xE4;ft (&#x201C;</font><font style="display:inline;font-size:10pt;text-decoration:underline;">DB</font><font style="display:inline;font-size:10pt;">&#x201D;),&nbsp;Cr&#xE9;dit Industriel et Commercial (&#x201C;</font><font style="display:inline;font-size:10pt;text-decoration:underline;">CIC</font><font style="display:inline;font-size:10pt;">&#x201D;) and BNP Paribas (&#x201C;</font><font style="display:inline;font-size:10pt;text-decoration:underline;">BNPP</font><font style="display:inline;font-size:10pt;">&#x201D; and together with Nordea, SEB, DVB, ABN, CA-CIB, DB and CIC, the &#x201C;</font><font style="display:inline;font-size:10pt;text-decoration:underline;">Mandated Lead Arrangers</font><font style="display:inline;font-size:10pt;">&#x201D;), (ii) that certain Extension of Waiver Termination Event, dated August 10, 2016 (the &#x201C;</font><font style="display:inline;font-size:10pt;text-decoration:underline;">First Extension of Waiver Termination Event</font><font style="display:inline;font-size:10pt;">&#x201D;), among the Borrower and the Mandated Lead Arrangers, (iii) that certain Second Extension of Waiver Termination Event, dated August 25, 2016 (the &#x201C;</font><font style="display:inline;font-size:10pt;text-decoration:underline;">Second Extension of Waiver Termination Event</font><font style="display:inline;font-size:10pt;">&#x201D;), among the Bo