Common use of Conveyance after Sale Clause in Contracts

Conveyance after Sale. Subject to the provisions of Article III, --------------------- Section (2)(g) hereof, the Shipowner hereby irrevocably appoints the Mortgagee the true and lawful attorney of the Shipowner, in its name and stead, to make all necessary transfers of the whole or any part of the Vessel in connection with a sale, use or other disposition pursuant to Section 2 of Article III hereof, and for that purpose to execute all necessary instruments of assignment and transfer. Nevertheless, the Shipowner shall, if so requested by the Mortgagee, ratify and confirm any sale, assignment, transfer or delivery by executing and delivering such proper xxxx of sale, assignment, conveyance, instrument of transfer or other instrument as may be designated in such request.

Conveyance after Sale. Subject to the provisions of Article III, --------------------- Section (2)(g) hereof, the Shipowner hereby irrevocably appoints the Mortgagee the true and lawful attorney of the Shipowner, in its name and stead, to make all necessary transfers of the whole or any part of the Vessel in connection with a sale, use or other disposition pursuant to Section 2 of Article III hereof, and for that purpose to execute all necessary instruments of assignment and transfer. Nevertheless, the Shipowner shall, if so requested by the Mortgagee, ratify and confirm any sale, assignment, transfer or delivery by executing and delivering such proper xxxx of sale, assignment, conveyance, instrument of transfer or other instrument as may be designated in such request.. (4)