Adventure Two S. A., established in Majuro, Xxxxxxxx Islands, Adventure Three S.A., established in Majuro, Xxxxxxxx Islands, Adventure Seven S.A., established in Majuro, Xxxxxxxx Islands, (new) hereinafter (together and individually) referred to as ‘the Borrower’,
Adventure Two S. A., established in Majuro, Marshall Islands, hereinafter referred to as 'the Borrower',
Adventure Two S. A. is the sole owner of the vessel known as the "Free Destiny" (the "FREE DESTINY"), free and clear of all Liens. The Free Destiny, (i) is a diesel motor vessel having 25,321 deadweight tons, 16,282 gross tons, official number 2077 built in Bulgaria, in 1982, (ii) has been documented in the name of Adventure Two S.A. under the name "Free Destiny" pursuant to the laws of the Republic of The Marshall Islands, with its port of documentation at Majuro, Marshall Islands, (iii) has been classified LRS + 100 A1 Xxxkcarrier Class 3 in Lloyds Register of Shipping and, as of the date hereof, is in class without recommendation; and (iv) is covered by hull and machinery, war risk and protection and indemnity insurance; and
Adventure Two S. A., a company incorporated under the laws of the Mxxxxxxx Islands;
Adventure Two S. A. has good title to Free Destiny and is duly documented in the name of Adventure Two S.A. under the laws and flag of the Xxxxxxxx Islands;
Adventure Two S. A. ____________________________ Xxxxxx X. Gourdomichalis (Director) ____________________________ Ion Varouxakis (Director) ACKNOWLEDGEMENT OF MORTGAGE REPUBLIC OF GREECE ) } )ss: ) CITY OF PIRAEUS )
Adventure Two S. A. (hereinafter referred to as the Assignor) hereby irrevocably assigns to Corner Bank Ltd. (hereinafter referred to as the Bank), by way of guarantee of all the obligations, direct and indirect, which the Assignor has undertaken or may undertake towards the Bank, for any reason or cause whatsoever (such as, for example, advances in current account, discounting of commercial paper, fidejussions, interest, commissions, purchase and sale of securities, charges, etc., without exclusion or exception, with express mention that the guarantee provided for as above shall also be extended to obligations which may already be otherwise guaranteed), the credits specified apart, according to the separate lists, together with all the rights which support them and with the relative accrued and accruing interest. The Assignor hereby represents that these credits are juridically legitimate and undertakes every guarantee relative to the amount and to the collectability thereof. For the afore-said irrevocable assignment of credits, the Bank shall be entitled to make claim upon such credits, to collect principal and interest upon maturity, grant deferments, as well as to proceed with any formality and take suitable measures to safeguard such credits, without the exercising of such rights involving any liability whatsoever for the Bank. The Assignor hereby undertakes to provide the Bank, upon request thereof, with other guarantees in the event the margin of coverage, at the sole discretion of the Bank, be insufficient, or if, on account of other reasons, the collection of the assigned credits should be compromised; should any of these circumstances arise, the Assignor hereby undertakes to inform the Bank. The Assignor hereby undertakes to notify the relative debtors, by registered mail, of the irrevocable assignment of their credits in favour of the Bank, to provide the Bank with proof of such notification and to pay to the Bank any and every sum which may be paid to the Assignor against the credits assigned hereunder. The Assignor hereby also authorizes the Bank to notify the relative debtors of the irrevocable assignment of their credits, warning them to pay their debt(s) solely into the hands of the Bank, and to receive partial or total payments from the debtors, issuing valid receipt and giving credit thereof to the customer. The Assignor shall immediately inform the Bank, by registered mail, of any change of address from the current one, in the absence of which the Bank s...
Adventure Two S. A. domiciled at (hereinafter referred to as the "Xxxxxxx") hereby pledges, pursuant to articles 884 et seq. of the Swiss Civil Code, in favour of Corner Bank Ltd. (hereinafter referred to as the "Bank"), as specified in article 2 hereof, as guarantee of the Bank's credits vis-a-vis himself and vis-a-vis (hereinafter referred to as the "Guaranted Debtor") all the assets credited at present or in the future to his account(s) opened with the Bank and all the accounts which the Bank may open in the name of the Xxxxxxx in order to secure payment of any and all amounts the Xxxxxxx and/or the Guaranted Debtor, in whose favour this pledge has been constituted, may from time to time owe to the Bank, for whatever reason, including any credit the Bank may extend to the Xxxxxxx and/or to the Guaranted Debtor by means of overdrafts, loans, advances, guarantees, suretyships, bills backing or similar instruments, forward foreign exchange contracts, even after novation. Further, the Xxxxxxx pledges to the Bank all his securities of whatever nature, all securities not represented by a certificate (especially marketable securities with deferred printing of the certificates), domestic and foreign bank notes, precious metals, values and accounts of any other nature, as well as earnings that have matured or to mature from such instruments and the related rights attached (in particular interests, dividends, subscription rights, bonuses) issued or to be acquired, in order to guarantee without restrictions all the obligations of the Xxxxxxx and/or the Guaranted Debtor vis-a-vis the Bank.
Adventure Two S. A., a company incorporated and existing under the laws of the Mxxxxxxx Islands, having its registered office at Ajeltake Road, Ajeltake Island, Majuro, Mxxxxxxx Islands MH96960 (the “Assignor”); and
Adventure Two S. A., established in Majuro, Mxxxxxxx Islands, hereinafter referred to as ‘the Borrower’,
