Conveyance on default. Where the Ship is (or is to be) sold in exercise of any power conferred by the Security Documents, the relevant Owner shall, upon the Agent’s request, immediately execute such form of transfer of title to the Ship as the Agent may require.
Appears in 7 contracts
Samples: Loan Agreement (Navigator Holdings Ltd.), Supplemental Agreement (Navigator Holdings Ltd.), Facility Agreement (Quintana Shipping Ltd.)
Conveyance on default. Where the Ship is (or is to be) sold in exercise of any power conferred by the Security Documents, the relevant Owner shall, upon the Agent’s 's request, immediately execute such form of transfer of title to the Ship as the Agent may require.
Appears in 6 contracts
Samples: Facility Agreement, Facility Agreement (Navigator Holdings Ltd.), Facility Agreement (Navigator Holdings Ltd.)
Conveyance on default. Where the Ship is (or is to be) sold in exercise of any power conferred by the Security Documents, the relevant Owner Borrower shall, upon the Agent’s request, immediately execute such form of transfer of title to the Ship as the Agent may require.
Appears in 3 contracts
Samples: Facility Agreement (Hoegh LNG Partners LP), Facility Agreement (Teekay Tankers Ltd.), Facility Agreement (Teekay Tankers Ltd.)
Conveyance on default. Where where the Ship is (or is to be) sold in exercise of any power contained in this Deed or otherwise conferred by the Security Finance Documents, it will immediately execute, forthwith upon request by the relevant Owner shallSecurity Agent, upon the Agent’s request, immediately execute such form of transfer of title to the Ship as the Security Agent may require.; and
Appears in 2 contracts
Samples: Tripartite Deed of Covenant (DryShips Inc.), Tripartite Deed of Covenant (DryShips Inc.)
Conveyance on default. Where the a Ship is (or is to be) sold in exercise of any power conferred by the Security Documents, the relevant Owner shall, upon the Agent’s request, immediately execute such form of transfer of title to the that Ship as the Agent may require.
Appears in 2 contracts
Samples: Facility Agreement (Cool Co Ltd.), Facility Agreement (Cool Co Ltd.)
Conveyance on default. Where the Ship is (or is to be) sold in exercise of any power conferred by the Security Documents, the relevant Owner shall, upon the AgentLender’s request, immediately execute such form of transfer of title to the Ship as the Agent Lender may require.
Appears in 1 contract
Samples: Facility Agreement (Danaos Corp)
Conveyance on default. Where the Ship Vessel is (or is to be) sold in exercise of any power conferred by the Security Secured Debt Documents, the relevant Owner shall, upon the Security Agent’s request, immediately execute such form of transfer of title to the Ship Vessel as the Security Agent may require.
Appears in 1 contract
Conveyance on default. Where the New Ship is (or is to be) sold in exercise of any power contained in the Pre-Delivery Security Assignment or otherwise conferred by on the Security DocumentsAgent, the relevant Owner shallshall execute, immediately upon the Agent’s request, immediately execute such form of transfer conveyance of title to the New Ship as the Agent may require.
Appears in 1 contract
Conveyance on default. Where where the Ship is (or is to be) sold in exercise of any power contained in this Deed or otherwise conferred by the Security Finance Documents, it will immediately execute, forthwith upon request by the relevant Owner shallSecurity Agent, upon the Agent’s request, immediately execute such form of transfer of title to the Ship as the Security Agent may require.: and
Appears in 1 contract
