Finality of Sale. A sale of the Vessel made in pursuance of this Mortgage, whether under the power of sale hereby granted or any judicial proceedings, shall operate to divest all right, title and interest of any nature whatsoever of Mortgagor therein and thereto, and shall bar Mortgagor, its successors and assigns, and all Persons claiming by, through or under them. No purchaser shall be bound to inquire whether notice has been given or whether any default has occurred, or as to the propriety of the sale, or as to application of the proceeds thereof.
Appears in 4 contracts
Samples: First Naval Mortgage (Noble Drilling Corp), First Naval Mortgage (R&b Falcon Corp), First Preferred Ship Mortgage (R&b Falcon Corp)
Finality of Sale. A sale of the Vessel made in pursuance of this Mortgage, whether under the power of sale hereby granted or any judicial proceedings, shall operate to divest all right, title and interest of any nature whatsoever of the Mortgagor therein and thereto, and shall bar the Mortgagor, its successors and assigns, and all Persons persons claiming by, through or under them. No purchaser shall be bound to inquire whether notice has been given or whether any default has occurred, or as to the propriety of the sale, or as to application of the proceeds thereof.
Appears in 2 contracts
Samples: Second Preferred Ship Mortgage (HWCC Shreveport Inc), Preferred Ship Mortgage (Shreveport Capital Corp)
Finality of Sale. A sale of the Vessel made in pursuance of ---------------- this Mortgage, whether under the power of sale hereby granted or any judicial proceedings, shall operate to divest all right, title and interest of any nature whatsoever of the Mortgagor therein and thereto, and shall bar the Mortgagor, its successors and assigns, and all Persons persons claiming by, through or under them. No purchaser shall be bound to inquire whether notice has been given or whether any default has occurred, or as to the propriety of the sale, or as to application of the proceeds thereof.
Appears in 1 contract
Samples: First Preferred Ship Mortgage (HWCC Shreveport Inc)
Finality of Sale. A sale of the a Vessel made in pursuance of this Mortgage, whether under the power of sale hereby granted or any judicial proceedings, shall operate to divest all right, title and interest of any nature whatsoever of the Mortgagor therein and thereto, and shall bar the Mortgagor, its successors and assigns, and all Persons persons claiming by, through or under them. No purchaser shall be bound to inquire whether notice has been given or whether any default has occurred, or as to the propriety of the sale, or as to application of the proceeds thereof.
Appears in 1 contract
Samples: First Preferred Fleet Mortgage (HWCC Shreveport Inc)
