Examples of Ship Mortgage in a sentence
This case illustrates the judicial handling of maritime liens and the issuance of writs of preliminary attachment in the Philippine legal context, providing clarity on the enforcement of maritime liens under the Ship Mortgage Decree without necessitating a preliminary attachment.
Buyer acknowledges that Broker(s) has made no representations or warranties with respect to Buyer’s ability to obtain financing, Buyer’s qualifications to obtain any type of mortgage on the Vessel, or Buyer’s ability to document the Vessel so that it is a “vessel of the United States” for purposes of the Ship Mortgage Act.
Buyer acknowledges that Xxxxxx(s) has made no representations or warranties with respect to Buyer’s ability to obtain financing, Xxxxx’s qualifications to obtain any type of mortgage on the Vessel, or Buyer’s ability to document the Vessel so that it is a “vessel of the United States” for purposes of the Ship Mortgage Act.
SCHEDULE 3.2 TO LOAN AGREEMENT CONSENTS, WAIVERS, APPROVALS; VIOLATION OF AGREEMENTS _______National Bank (the “Mortgagee”), as lender under the Affiliate Agreement holds a First Preferred Ship Mortgage in the following vessels: 155, 245 and De M.