Arrest. a Mortgaged Vessel is arrested, confiscated, seized, taken in execution, impounded, forfeited, detained in exercise or purported exercise of any possessory lien or other claim or otherwise taken from the possession of its Owner and that Owner shall fail to procure the release of such Mortgaged Vessel within a period of fifteen (15) days thereafter; or
Appears in 4 contracts
Samples: Facility Agreement (Euroseas Ltd.), Facility Agreement (EuroDry Ltd.), Facility Agreement (Navios Maritime Holdings Inc.)
Arrest. a Mortgaged Vessel is arrested, confiscated, seized, taken in execution, impounded, forfeited, detained in exercise or purported exercise of any possessory lien or other claim or otherwise taken from the possession of its Owner and that Owner shall fail to procure the release of such Mortgaged Vessel within a period of fifteen thirty (1530) days thereafterthereafter (this clause does not include capture of a Vessel by pirates); or
Appears in 3 contracts
Samples: Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Acquisition CORP), Facility Agreement (Navios Maritime Holdings Inc.)
Arrest. a any Mortgaged Vessel is arrested, confiscated, seized, taken in execution, impounded, forfeited, detained in exercise or purported exercise of any possessory lien or other claim or otherwise taken from the possession of its Owner and that Owner shall fail to procure the release of such Mortgaged Vessel within a period of fifteen (15) days thereafter; or
Appears in 3 contracts
Samples: Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (StealthGas Inc.), Facility Agreement (Navios Maritime Holdings Inc.)
Arrest. a Mortgaged Vessel is arrested, confiscated, seized, taken in execution, impounded, forfeited, detained in exercise or purported exercise of any possessory lien or other claim or otherwise taken from the possession of its Owner and that Owner shall fail to procure the release of such Mortgaged Vessel within a period of fifteen (15) days thereafterthereafter (this clause does not include capture of a Vessel by pirates); oror Table of Contents
Appears in 1 contract
Arrest. a Mortgaged Vessel is arrested, confiscated, seized, taken in execution, impounded, forfeited, detained in exercise or purported exercise of any possessory lien or other claim or otherwise taken from the possession of its Owner and that Owner shall fail to procure the release of such Mortgaged Vessel within a period of fifteen (15) days thereafterBanking Days thereafter (this clause does not include capture of a Vessel by pirates for up to ninety (90) days; or
Appears in 1 contract
Samples: Facility Agreement (Navios Maritime Midstream Partners LP)
Arrest. a Mortgaged Vessel is arrested, confiscated, seized, taken in execution, impounded, forfeited, detained in exercise or purported exercise of any possessory lien or other claim or otherwise taken from the possession of its Owner and that Owner shall fail to procure the release of such Mortgaged Vessel within a period of fifteen (15) days thereafterthereafter (this clause does not include capture of a Vessel by pirates); oror 33 Table of Contents
Appears in 1 contract
Samples: Facility Agreement (Navios Maritime Acquisition CORP)
