as the Borrower,
as the Company,
as Lenders,
BANK OF AMERICA, N.A., BANK OF CHINA LIMITED, MACAU BRANCH, BARCLAYS
CAPITAL, BNP PARIBAS HONG KONG BRANCH, CITIGROUP GLOBAL MARKETS ASIA
LIMITED, CITIBANK, N.A., HONG KONG BRANCH, COMMERZBANK AG, CRÉDIT
AGRICOLE CORPORATE AND INVESTMENT BANK, CREDIT SUISSE SECURITIES (USA)
LLC, CREDIT SUISSE AG, SINGAPORE BRANCH, INDUSTRIAL AND COMMERCIAL
BANK OF CHINA (MACAU) LIMITED, ING CAPITAL L.L.C., ING BANK N.V., SINGAPORE
BRANCH, SUMITOMO MITSUI BANKING CORPORATION, UBS SECURITIES LLC and
UNITED OVERSEAS BANK LIMITED,
as Global Coordinators, Co-Syndication Agents and Bookrunners,
BANKING CORPORATION LIMITED, THE BANK OF NOVA SCOTIA and
WING LUNG BANK LTD., MACAU BRANCH,
as Lead Arrangers,
as Administrative Agent,
Page | ||||
Section 1. Definitions | 2 | |||
1.1 Certain Defined Terms | 2 | |||
1.2 Accounting Terms; Utilization of GAAP for Purposes of Calculations Under Agreement | 68 | |||
1.3 Other Definitional Provisions and Rules of Construction | 68 | |||
1.4 Exchange Rates | 69 | |||
Section 2. Amounts and Terms of Commitments and Loans | 69 | |||
2.1 Commitments; Making of Loans; the Register; Notes | 69 | |||
2.2 Interest on the Loans | 74 | |||
2.3 Fees | 78 | |||
2.4 Repayments, Prepayments and Reductions in Commitments; General Provisions Regarding Payments | 79 | |||
2.5 Use of Proceeds | 87 | |||
2.6 Special Provisions Governing Eurodollar Rate Loans and HIBOR Rate Loans | 88 | |||
2.7 Increased Costs; Taxes; Capital Adequacy | 91 | |||
2.8 Obligation of Lenders to Mitigate | 95 | |||
2.9 Incremental Facilities | 96 | |||
2.10 Swing Line Loans | 98 | |||
2.11 Refinancing Amendments | 100 | |||
2.12 Defaulting Lender | 101 | |||
2.13 Removal of Defaulting Lender | 102 | |||
Section 3. Letters of Credit | 103 | |||
3.1 Issuance of Letters of Credit and Lenders’ Purchase of Participations Therein | 103 | |||
3.2 Letter of Credit Fees | 106 | |||
3.3 Drawings and Reimbursement of Amounts Paid Under Letters of Credit | 106 | |||
3.4 Obligations Absolute | 109 | |||
3.5 Indemnification; Nature of Issuing Lenders’ Duties | 110 | |||
3.6 Increased Costs and Taxes Relating to Letters of Credit | 111 |
Page | ||||
Section 4. Conditions to Credit Extensions | 112 | |||
4.1 Conditions to the Occurrence of the Closing Date | 112 | |||
4.2 Additional Conditions to Loans on or after the Closing Date | 121 | |||
4.3 Conditions to Letters of Credit | 123 | |||
Section 5. Representations and Warranties | 123 | |||
5.1 Organization, Powers, Qualification, Good Standing, Business and Subsidiaries | 123 | |||
5.2 Authorization of Borrowing, etc | 124 | |||
5.3 Financial Condition and Financial Plan | 125 | |||
5.4 No Material Adverse Change; No Default | 126 | |||
5.5 Title to Properties; Liens; Real Property | 126 | |||
5.6 Litigation; Adverse Facts | 127 | |||
5.7 Payment of Taxes | 128 | |||
5.8 Performance of Agreements; Materially Adverse Agreements; Material Contracts | 128 | |||
5.9 Governmental Regulation | 128 | |||
5.10 Securities Activities | 129 | |||
5.11 Employee Benefit Plans | 129 | |||
5.12 No Fees or Commissions | 130 | |||
5.13 Environmental Protection | 130 | |||
5.14 Employee Matters; Acts of God | 131 | |||
5.15 Solvency | 131 | |||
5.16 Matters Relating to Collateral | 131 | |||
5.17 Sufficiency of Interests, Project Documents and Permits | 132 | |||
5.18 Excluded Subsidiaries | 133 | |||
5.19 Accuracy of Information | 133 | |||
5.20 Leasehold Title to the Sites | 133 | |||
5.21 Specified Proceedings | 133 | |||
5.22 Gaming Uses | 134 | |||
Section 6. Affirmative Covenants | 134 | |||
6.1 Financial Statements and Other Reports | 134 | |||
6.2 Corporate Existence, etc | 141 | |||
6.3 Payment of Taxes and Claims; Tax Consolidation | 142 | |||
6.4 Maintenance of Properties; Insurance; Application of Net Loss Proceeds | 142 |
Page | ||||
6.5 Inspection; Lender Meeting | 143 | |||
6.6 Compliance with Laws, etc.; Permits | 143 | |||
6.7 Environmental Covenant | 144 | |||
6.8 Material Contracts | 146 | |||
6.9 Discharge of Liens | 147 | |||
6.10 Further Assurances | 148 | |||
6.11 Future Subsidiaries or Restricted Subsidiaries | 151 | |||
6.12 [Reserved] | 152 | |||
6.13 Interest Rate Protection | 153 | |||
6.14 Actions Regarding Additional Development Excluded Subsidiaries | 153 | |||
6.15 Intercompany Contribution Agreement | 154 | |||
Section 7. Borrower’s Negative Covenants | 154 | |||
7.1 Indebtedness | 154 | |||
7.2 Liens and Related Matters | 159 | |||
7.3 Investments; Joint Ventures; Formation of Subsidiaries | 161 | |||
7.4 Contingent Obligations | 165 | |||
7.5 Restricted Payments | 166 | |||
7.6 Financial Covenants | 168 | |||
7.7 Restriction on Fundamental Changes; Asset Sales and Acquisitions | 169 | |||
7.8 Sales and Lease-Backs | 173 | |||
7.9 Sale or Discount of Receivables | 173 | |||
7.10 Transactions with Shareholders and Affiliates | 174 | |||
7.11 Disposal of Subsidiary Stock | 177 | |||
7.12 Conduct of Business | 177 | |||
7.13 Certain Restrictions on Amending Certain Documents | 178 | |||
7.14 Consolidated Capital Expenditures | 179 | |||
7.15 Casino and Gaming Restrictions | 180 | |||
7.16 Fiscal Year | 180 | |||
7.17 Excluded Subsidiaries | 180 | |||
7.18 Horizontal Properties | 183 |
Page | ||||
Section 8. Events of Default | 183 | |||
8.1 Failure to Make Payments When Due | 183 | |||
8.2 Default under Other Indebtedness or Contingent Obligations | 184 | |||
8.3 Breach of Certain Covenants | 184 | |||
8.4 Breach of Warranty | 184 | |||
8.5 Other Defaults Under Loan Documents | 185 | |||
8.6 Involuntary Bankruptcy; Appointment of Receiver, etc | 185 | |||
8.7 Voluntary Bankruptcy; Appointment of Receiver, etc | 185 | |||
8.8 Judgments and Attachments | 186 | |||
8.9 Dissolution | 186 | |||
8.10 Employee Benefit Plans | 186 | |||
8.11 Change of Control | 186 | |||
8.12 Failure of Loan Documents; Repudiation of Obligations | 186 | |||
8.13 Default Under or Termination of Project Documents | 187 | |||
8.14 Default Under or Termination of Permits | 188 | |||
8.15 [Reserved] | 188 | |||
8.16 Conforming Parent L/C | 188 | |||
8.17 Expropriation; Change in Law | 189 | |||
8.18 Loss of Concessions | 189 | |||
8.19 Loss of Performance Bond or Guaranty | 191 | |||
8.20 Loss of Leasehold Title | 192 | |||
8.21 Abandonment | 192 | |||
Section 9. Agents and Arrangers | 193 | |||
9.1 Appointment | 193 | |||
9.2 Powers and Duties; General Immunity | 194 | |||
9.3 Representations and Warranties; No Responsibility for Appraisal of Credit Worthiness | 196 | |||
9.4 Right to Indemnity | 197 | |||
9.5 Successor Administrative Agent and Swing Line Lender | 197 | |||
9.6 Collateral Documents and Guaranty | 198 | |||
9.7 Intercreditor Agreements | 199 | |||
9.8 [Reserved] | 199 | |||
9.9 The Co-Syndication Agents | 199 |
Page | ||||
Section 10. Miscellaneous | 200 | |||
10.1 Assignments and Participations in Loans | 200 | |||
10.2 Expenses | 208 | |||
10.3 Indemnity | 208 | |||
10.4 Set-Off; Security Interest in Deposit Accounts | 210 | |||
10.5 Ratable Sharing | 210 | |||
10.6 Amendments and Waivers | 211 | |||
10.7 Borrower’s Obligations | 213 | |||
10.8 Independence of Covenants | 214 | |||
10.9 Notices | 214 | |||
10.10 Survival of Representations, Warranties and Agreements | 215 | |||
10.11 Failure or Indulgence Not Waiver; Remedies Cumulative | 215 | |||
10.12 Marshalling; Payments Set Aside | 216 | |||
10.13 Severability | 216 | |||
10.14 Obligations Several; Independent Nature of Lenders’ Rights | 216 | |||
10.15 Headings | 216 | |||
10.16 Applicable Law | 216 | |||
10.17 Successors and Assigns | 217 | |||
10.18 Consent to Jurisdiction and Service of Process | 217 | |||
10.19 Waiver of Jury Trial | 218 | |||
10.20 Confidentiality | 219 | |||
10.21 Usury Savings Clause | 219 | |||
10.22 Counterparts; Effectiveness | 220 | |||
10.23 USA Patriot Act | 220 | |||
10.24 Electronic Execution of Assignments | 220 | |||
10.25 Judgment Currency | 221 | |||
10.26 English | 221 | |||
10.27 Gaming Authorities | 221 | |||
10.28 No Fiduciary Duty | 222 |
1A | Permitted Banks | |
1B | Closing FX Rates | |
2.1 | Lenders’ Commitments, Pro Rata Shares | |
5.1A | Jurisdiction of Organizations | |
5.1C | Form and Ownership of the Company | |
5.1D | Subsidiaries of the Company | |
5.2 | Governmental Consents | |
5.5 | Property and Material Leases | |
5.6 | Litigation | |
5.7 | Taxes | |
5.8 | Material Contracts | |
5.11 | Employee Benefit Plans | |
5.12 | Fees & Commissions | |
5.13 | Environmental Matters | |
5.16B | Required Recordations | |
5.17B | Permits | |
5.18 | Excluded Subsidiaries | |
7.1 | Existing Indebtedness | |
7.2 | Liens Existing on the Closing Date | |
7.3 | Investments Existing on the Closing Date | |
7.7 | Leases Existing on the Closing Date | |
7.10(xix) | Affiliate Transactions | |
7.10(xxiv) | FX Transactions | |
7.17 | Terms of Gaming Contracts | |
10.9 | Notices |
A-1 | Form of Term Note | |
A-2 | Form of Revolving Note | |
A-3 | Form of Swing Line Note | |
B-1 | Form of Borrowing Notice | |
B-2 | Form of Issuance Notice | |
B-3 | Form of Conversion/Continuation Notice | |
C-1 | Form of Closing Certificate | |
C-2 | Form of Compliance Certificate | |
C-3 | Form of Financial Condition Certificate | |
D-1 | Form of Assignment Agreement | |
D-2 | Form of Joinder Agreement | |
E-1-I | Form of Floating Charge (Company) | |
E-1-II | Form of Floating Charge (Cotai Subsidiary) | |
E-1-III | Form of Floating Charge (VOL) | |
E-2 | Form of Security Agreement | |
E-3-I | Form of Macau Collateral Account Agreement (Borrower) | |
E-3-II | Form of Macau Collateral Account Agreement (Each Loan Party) | |
E-4 | Form of Deposit Account Control Agreement | |
E-5 | Form of Pledge Over Intellectual Property | |
E-6-I | Form of Mortgage (Company and Cotai Subsidiary) | |
E-6-II | Form of Mortgage (Cotai Subsidiary) | |
E-6-III | Form of Mortgage (VOL) | |
E-7 | Form of Pledge Over Gaming Equipment and Utensils | |
E-8 | Form of Assignment of Insurances | |
E-9 | Form of Assignment of Reinsurances | |
E-10-I | Form of Assignment of Rights (Company) | |
E-10-II | Form of Assignment of Rights (Other Loan Party) | |
E-11 | Form of Land Security Assignment | |
E-12 | Form of Livranças | |
E-13 | Form of Livranças Side Letter | |
E-14-I | Form of Power of Attorney (Company) | |
E-14-II | Form of Power of Attorney (Cotai Subsidiary) | |
E-14-III | Form of Power of Attorney (Cotai Subsidiary) | |
E-14-IV | Form of Power of Attorney (VOL) | |
E-15-I | Form of Hong Kong Collateral Account Agreement | |
E-15-II | [Reserved] | |
F | Form of Guaranty | |
G | Form of Insurance Advisor’s Closing Date Certificate | |
H-1 | Form of Opinion of Paul, Weiss, Rifkind, Wharton & Garrison LLP | |
H-2 | Form of Opinion of Sá Carneiro & Pinheiro Torres | |
H-3 | Form of Opinion of Allen & Overy | |
H-4 | Form of Opinion of Walkers | |
I | [Reserved] | |
J | Form of IP License | |
K-1 | Gaming Concession Consent |
K-2 | Land Concessions Consent | |
L-1 | Form of Subordination Agreement | |
L-2 | Form of Subordinated Intercompany Note | |
M | [Reserved] | |
N | Form of Collateral Agency Agreement | |
O | Insurance Requirements | |
P | Cotai Plan | |
Q | Schedule of Security Filings | |
R | Form of Subordination and Non-Disturbance Agreement | |
S | Form of Intercompany Contribution Agreement | |
T | Outline of Auction Mechanics | |
U | Form of Auction Certificate | |
V | Form of First Lien Intercreditor Agreement | |
W | Form of Second Lien Intercreditor Agreement | |
X | Form of VOL Casino Hotel Resort Project Construction Progress Report |
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Applicable Margin For | ||||||||
Consolidated | Applicable Margin For Base Rate | Eurodollar Rate/HIBOR | ||||||
Leverage Ratio | Term Loans | Rate Term Loans | ||||||
Greater than 3.0:1.0 | 1.25 | % | 2.25 | % | ||||
Greater than 2.5:1.0 but less than or equal to 3.0:1.0 | 1.00 | % | 2.00 | % | ||||
Greater than 2.0:1.0 but less than or equal to 2.5:1.0 | 0.75 | % | 1.75 | % | ||||
less than or equal to 2.0:1.0 | 0.50 | % | 1.50 | % |
Applicable Margin For | ||||||||
Consolidated | Applicable Margin For Base Rate | Eurodollar Rate/HIBOR Rate | ||||||
Leverage Ratio | Revolving Loans | Revolving Loans | ||||||
Greater than 3.0:1.0 | 1.25 | % | 2.25 | % | ||||
Greater than 2.5:1.0 but less than or equal to 3.0:1.0 | 1.00 | % | 2.00 | % | ||||
Greater than 2.0:1.0 but less than or equal to 2.5:1.0 | 0.75 | % | 1.75 | % | ||||
less than or equal to 2.0:1.0 | 0.50 | % | 1.50 | % |
5
6
7
Base Capital Expenditures | ||||||||
Level | Consolidated Leverage Ratio | Amount | ||||||
I | 3.5:1.0 or greater | $ | 75,000,000 | |||||
II | Less than 3.5:1.0 but greater than or equal to 2.0:1.0 | $ | 100,000,000 | |||||
III | Less than 2.0:1.0 | Unlimited |
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Maximum | ||||
Consolidated | ||||
Full Fiscal Quarter following the Closing Date | Leverage Ratio | |||
First through Sixth | 4.50:1.0 | |||
Seventh through Twelfth | 4.00:1.0 | |||
Thirteenth through Sixteenth | 3.50:1.0 | |||
Seventeenth through Twentieth | 3.00:1.0 |
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BORROWER: VML US FINANCE LLC | ||||
By: | /s/ Toh Hup Hock | |||
Name: | Mr. Toh Hup Hock | |||
Title: | Borrower Designated Officer | |||
Notice Address: | ||||
The Venetian Macao Resort Hotel Executive Offices — L2 Estrada da Baía de N. Senhora da Esperança, s/n Macao Attn: General Counsel | ||||
For and on behalf of: VENETIAN MACAU LIMITED | ||||
By: | /s/ David Ross Sisk | |||
Name: | David Ross Sisk | |||
Title: | Director | |||
Notice Address: | ||||
The Venetian Macao Resort Hotel Executive Offices — L2 Estrada da Baía de N. Senhora da Esperança, s/n Macao Attn: General Counsel |
ADMINISTRATIVE AGENT: BANK OF CHINA LIMITED, MACAU BRANCH, as the Administrative Agent | ||||
By: | /s/ Loi Chi Kong | |||
Name: | Loi Chi Kong | |||
Title: | General Manager of CBFI Dept. | |||
By: | /s/ Chan Chong Keong | |||
Name: | Chan Chong Keong | |||
Title: | Deputy General Manager of CBFI Dept. |
LENDERS: BANK OF CHINA LIMITED, MACAU BRANCH as Swing Line Lender, Issuing Lender, a Lender, an Arranger and a Co-Syndication Agent | ||||
By: | /s/ Loi Chi Kong | |||
Name: | Loi Chi Kong | |||
Title: | General Manager of CBFI Dept. | |||
By: | /s/ Chan Chong Keong | |||
Name: | Chan Chong Keong | |||
Title: | Deputy General Manager of CBFI Dept. | |||
GOLDMAN SACHS (ASIA) L.L.C., as an Arranger and a Co-Syndication Agent | ||||
By: | /s/ Nelson Lo | |||
Name: | Nelson Lo | |||
Title: | Managing Director | |||
GOLDMAN SACHS LENDING PARTNERS L.L.C., as an Arranger, a Co-Syndication Agent and a Lender | ||||
By: | /s/ Mark Walton | |||
Name: | Mark Walton | |||
Title: | Authorized Signatory | |||
BANK OF AMERICA as an Arranger, a Co-Syndication Agent and a Lender | ||||
By: | /s/ Vipul Mehrotra | |||
Name: | Vipul Mehrotra | |||
Title: | Managing Director |
BARCLAYS BANK PLC, as an Arranger, a Co-Syndication Agent and a Lender | ||||
By: | /s/ Guy Smith | |||
Name: | Guy Smith | |||
Title: | Director | |||
BNP PARIBAS HONG KONG BRANCH, as an Arranger, a Co-Syndication Agent and a Lender | ||||
By: | /s/ Mary Hse / Albert Wong | |||
Name: | Mary Hse / Albert Wong | |||
Title: | Senior Banker / Managing Director Managing Director / Coverage | |||
CITIGROUP GLOBAL MARKETS ASIA LIMITED, as an Arranger and a Co-Syndication Agent | ||||
By: | /s/ Elizabeth Luk | |||
Name: | Elizabeth Luk | |||
Title: | Director | |||
CITICORP FINANCIAL SERVICES LIMITED, as an Arranger, a Co-Syndication Agent and a Lender | ||||
By: | /s/ Elizabeth Luk | |||
Name: | Elizabeth Luk | |||
Title: | Authorized Signatory | |||
CITIBANK, N.A., HONG KONG BRANCH, as an Arranger, a Co-Syndication Agent and a Lender | ||||
By: | /s/ Stephen K.K. Li | |||
Name: | Stephen K.K. Li | |||
Title: | Managing Director |
COMMERZBANK AG, as an Arranger, a Co-Syndication Agent and a Lender | ||||
By: | /s/ Christine Chan | |||
Name: | Christine Chan | |||
Title: | Head of Loan Capital Markets, Asia | |||
By: | /s/ Edward Oh | |||
Name: | Edward Oh | |||
Title: | Vice President Gaming | |||
CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as an Arranger, a Co-Syndication Agent and a Lender | ||||
By: | /s/ Dominique Fournier | |||
Name: | Dominique Fournier | |||
Title: | Head of Real Estate and Hotel Structured Finance Asia | |||
By: | /s/ Atul Sodhi | |||
Name: | Atul Sodhi | |||
Title: | Head of Global Loan Syndication Asia | |||
CREDIT SUISSE AG, SINGAPORE BRANCH, as an Arranger, a Co-Syndication Agent and a Lender | ||||
By: | /s/ Fiona Gray | |||
Name: | Fiona Gray | |||
Title: | Director General Counsel Division | |||
By: | /s/ Adi | |||
Name: | Adi | |||
Title: | Assistant Vice President |
CREDIT SUISSE SECURITIES (USA) LLC, as an Arranger and a Co-Syndication Agent | ||||
By: | /s/ Michael Kamras | |||
Name: | Michael Kamras | |||
Title: | Director | |||
INDUSTRIAL AND COMMERCIAL BANK OF CHINA (MACAU) LIMITED, as an Arranger, a Co-Syndication Agent and a Lender | ||||
By: | /s/ Patrick Cheng | |||
Name: | Patrick Cheng | |||
Title: | Deputy Chief Executive Officer | |||
By: | /s/ Linda Chan | |||
Name: | Linda Chan | |||
Title: | Assistant Manager | |||
ING CAPITAL LLC, as an Arranger, a Co-Syndication Agent and a Lender | ||||
By: | /s/ Christopher J. Moon | |||
Name: | Christopher J. Moon | |||
Title: | Director, TMT Americas | |||
ING BANK N.V., SINGAPORE BRANCH, as an Arranger and a Co-Syndication Agent | ||||
By: | /s/ Ranesh Verma | |||
Name: | Ranesh Verma | |||
Title: | Managing Director, Head of TMT Finance |
ING BANK N.V., SINGAPORE BRANCH, as an Arranger and a Co-Syndication Agent | ||||
By: | /s/ Paul Verwijmeren | |||
Name: | Paul Verwijmeren | |||
Title: | Managing Director, Head of TMT Finance | |||
SUMITOMO MITSUI BANKING CORPORATION, as an Arranger, a Co-Syndication Agent and a Lender | ||||
By: | /s/ Yuji Kozawa | |||
Name: | Yuji Kozawa | |||
Title: | Managing Director, Head of TMT Finance | |||
USB SECURITIES LLC, as an Arranger and a Co-Syndication Agent | ||||
By: | /s/ Irja R. Otsa | |||
Name: | Irja R. Otsa | |||
Title: | Associate Director | |||
By: | /s/ Mary E. Evans | |||
Name: | Mary E. Evans | |||
Title: | Attorney-in-Fact | |||
USB LOAN FINANCE LLC, as a Lender | ||||
By: | /s/ Irja R. Otsa | |||
Name: | Irja R. Otsa | |||
Title: | Associate Director | |||
By: | /s/ Mary E. Evans | |||
Name: | Mary E. Evans | |||
Title: | Associate Director |
UNITED OVERSEAS BANK LIMITED, as an Arranger, a Co-Syndication Agent and a Lender | ||||
By: | /s/ CHOW Yew Hon | |||
Name: | CHOW Yew Hon | |||
Title: | Executive Director Deputy Chief Executive (Hong Kong) | |||
By: | /s/ Ronny Chng Seng Hong | |||
Name: | Ronny Chng Seng Hong | |||
Title: | Managing Director Debt Capital Markets Group Investment Banking | |||
UNITED OVERSEAS BANK LIMITED, as an Arranger and a Lender | ||||
By: | /s/ CHOW Yew Hon | |||
Name: | CHOW Yew Hon | |||
Title: | Executive Director Deputy Chief Executive (Hong Kong) | |||
By: | /s/ Ronny Chng Seng Hong | |||
Name: | Ronny Chng Seng Hong | |||
Title: | Managing Director Debt Capital Markets Group Investment Banking | |||
BANCO NACIONAL ULTRAMARINO, S.A., as an Arranger and a Lender | ||||
By: | /s/ Vitor Rosário | |||
Name: | Vitor Rosário | |||
Title: | Assistant General Manager | |||
By: | /s/ Pedro Cardoso | |||
Name: | Pedro Cardoso | |||
Title: | Chief Executive Officer |
DBS BANK LTD., as an Arranger and a Lender | ||||
By: | /s/ Bernard Lim | |||
Name: | Bernard Lim | |||
Title: | Senior Vice President | |||
OVERSEA-CHINESE BANKING CORPORATION LIMITED, as an Arranger and a Lender | ||||
By: | /s/ Richard Cheok | |||
Name: | Richard Cheok | |||
Title: | Head, Real Estate | |||
THE BANK OF NOVA SCOTIA, as an Arranger and a Lender | ||||
By: | /s/ Diane Emanuel | |||
Name: | Diane Emanuel | |||
Title: | Managing Director | |||
WING LUNG BANK LTD., MACAU BRANCH, as an Arranger and a Lender | ||||
By: | /s/ Zhihang GUO | |||
Name: | Zhihang GUO | |||
Title: | General Manager | |||
CHINA CONSTRUCTION BANK (MACAU) CORPORATION LTD., as a Lender | ||||
By: | /s/ Cheong, Kenneth Kin Hong / Berta Rodrigues | |||
Name: | Cheong, Kenneth Kin Hong / Berta Rodrigues | |||
Title: | First VP & Managing Director / Deputy GM |
BANCO COMERCIAL PORTGGUÊS, S.A. MACAO, as a Lender | ||||
By: | /s/ José João Barreiros Pãosinho | |||
Name: | José João Barreiros Pãosinho | |||
Title: | General Manager | |||
AOZORA ASIA PACIFIC FINANCE LIMITED, as a Lender | ||||
By: | /s/ Koji Nomura | |||
Name: | Koji Nomura | |||
Title: | Managing Director | |||
CATHAY UNITED BANK COMPANY, LIMITED, HONG KONG BRANCH, as a Lender | ||||
By: | /s/ Wang Shew Ben | |||
Name: | Mr. Wang Shew Ben | |||
Title: | General Manager | |||
TAI FUNG BANK LIMITED, as a Lender | ||||
By: | /s/ Chui Kai Cheong, Lou Kit I | |||
Name: | Chui Kai Cheong, Lou Kit I | |||
Title: | Director & Vice President, Deputy General Manager | |||
FAR EASTERN INTERNATIONAL BANK, HONG KONG BRANCH, as a Lender | ||||
By: | /s/ Bau Jy Chen | |||
Name: | Bau Jy Chen | |||
Title: | General Manager |
BANK SINOPAC COMPANY LIMITED, MACAU BRANCH, as a Lender | ||||
By: | /s/ Ben Chiu | |||
Name: | Ben Chiu | |||
Title: | Branch Manager | |||
CHANG HWA COMMERCIAL BANK, LTD., OFFSHORE BANKING BRANCH, as a Lender | ||||
By: | /s/ Rueih-Hwa Cheng | |||
Name: | Rueih-Hwa Cheng | |||
Title: | V.P. & General Manager | |||
THE BANK OF EAST ASIA, LIMITED, as a Lender | ||||
By: | /s/ Fanny Mook / Christine Wong | |||
Name: | Fanny Mook / Christine Wong | |||
Title: | Section Head & / Department Head Senior Relationship Manager | |||
BANK OF KAOHSIUNG, OFFSHORE BANKING BRANCH, as a Lender | ||||
By: | /s/ JC. S.J Chen | |||
Name: | JC. S.J Chen | |||
Title: | SVP & General Manager |
FIRST COMMERCIAL BANK MACAU BRANCH, as a Lender | ||||
By: | /s/ Mico Lin | |||
Name: | Mico Lin | |||
Title: | General Manager | |||
INDUSTRIAL BANK OF TAIWAN, as a Lender | ||||
By: | /s/ Roger Lin | |||
Name: | Roger Lin | |||
Title: | E.V.P. | |||
THE SHANGHAI COMMERCIAL & SAVINGS BANK, LTD., OFFSHORE BANKING BRANCH, as a Lender | ||||
By: | /s/ Kevin Shiao / Grace Hsieh | |||
Name: | Kevin Shiao / Grave Hsieh | |||
Title: | Senior Vice President / Vice President | |||
TAISHIN INTERNATIONAL BANK, as a Lender | ||||
By: | /s/ John, CS Chou | |||
Name: | John, CS Chou | |||
Title: | SVP | |||
TAIWAN SHIN KONG COMMERCIAL BANK, as a Lender | ||||
By: | /s/ Joyce Chang | |||
Name: | Joyce Chang | |||
Title: | Assistant Vice President | |||