Benefit of Deed. With prior written notice to the Owner, the Mortgagee may assign its rights under this Deed to any person appointed as Security Agent under the Loan Agreement. It is intended that this document takes effect as a deed even though the Mortgagee may only execute it under hand.
Appears in 2 contracts
Samples: On Delivery Facility Agreement (Paragon Shipping Inc.), On Delivery Buyer Credit Facility Agreement (DryShips Inc.)
Benefit of Deed. With prior written notice to the Owner, the The Mortgagee may assign its rights under this Deed to any person appointed as Security Agent under the Loan Facility Agreement. It is intended that this document takes effect as a deed even though the Mortgagee may only execute it under hand.
Appears in 2 contracts
Samples: Corporate Guarantee (GasLog Ltd.), Corporate Guarantee (GasLog Ltd.)
Benefit of Deed. With prior written notice to the Owner, the The Mortgagee may assign its rights under this Deed to any person appointed as Security Agent under the Loan Facility Agreement. It is intended that this document takes effect as a deed even though the Mortgagee may only execute it under hand.
Appears in 1 contract
Samples: On Delivery Buyer Credit Facility Agreement (DryShips Inc.)
Benefit of Deed. With prior written notice to the Owner, the The Mortgagee may assign its rights under this Deed to any person appointed as Security Agent under the Loan Facility Agreement. It is intended that this document takes effect as a deed even though the Mortgagee may only execute it under hand.. 8 Governing law and enforcement
Appears in 1 contract
Samples: Corporate Guarantee (GasLog Ltd.)
