Common use of Conveyance on default Clause in Contracts

Conveyance on default. where the Ship is (or is to be) sold in exercise of any power contained in this Deed or otherwise conferred on the Mortgagee, to execute, forthwith upon request by the Mortgagee, such form of conveyance of the Ship as the Mortgagee may require;

Appears in 7 contracts

Samples: On Delivery Buyer Credit Facility Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.), Loan Agreement (Safe Bulkers, Inc.)

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Conveyance on default. where the Ship is (or is to be) sold in exercise of any power contained in this Deed or otherwise conferred on the MortgageeMortgage, to execute, forthwith upon request by the Mortgagee, such form of conveyance of the Ship as the Mortgagee may require;

Appears in 3 contracts

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Globus Maritime LTD)

Conveyance on default. where the Ship is (or is to be) sold in exercise of any power contained in this Deed or otherwise conferred on the MortgageeMortgage, to execute, forthwith upon request by the Mortgagee, such form of conveyance of the Ship as the Mortgagee may require;.

Appears in 1 contract

Samples: On Delivery Facility Agreement (Paragon Shipping Inc.)

Conveyance on default. where the Ship is (or is to be) sold in exercise of any power contained in In this Deed or otherwise conferred on the Mortgagee, to execute, forthwith upon request by the Mortgagee, such form of conveyance of the Ship as the Mortgagee may require;

Appears in 1 contract

Samples: Loan Agreement (Safe Bulkers, Inc.)

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Conveyance on default. where the Ship is (or is to be) sold in exercise of any power contained in this Deed or otherwise conferred on the Mortgagee, to it will execute, forthwith upon request by the Mortgagee, such form of conveyance of the Ship as the Mortgagee may require;; and

Appears in 1 contract

Samples: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

Conveyance on default. where the Ship is (or is to be) sold in exercise of any power contained in this Deed Mortgage or otherwise conferred on the Mortgagee, Mortgagee to execute, forthwith upon request by the Mortgagee, such form of conveyance of the Ship as the Mortgagee may require;

Appears in 1 contract

Samples: Loan Agreement (Quintana Shipping Ltd.)

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