Freedom from Encumbrances. Neither the Vessel nor its Earnings, Insurances or Requisition Compensation, the Time Charter, the Accounts, nor the Depot Spares Sharing Agreement, nor any other properties or rights which are, or are to be, the subject of any of the Security Documents nor any part thereof will be, on the Delivery Date of the Vessel, subject to any Encumbrance other than any Permitted Encumbrance.
Freedom from Encumbrances the Charterer is the sole, legal and beneficial owner of the whole of the Charterer’s Assigned Property and neither the Charterer’s Assigned Property nor any part thereof are or will be on the Delivery Date subject to any Encumbrance created by it or arising due to its act or omission or its use or operation of the Ship and it has not (save as disclosed in writing to the Security Agent) received notice of any Encumbrance (other than pursuant to the Finance Documents) in respect thereof created by any other person;
Freedom from Encumbrances. The conveyance of the Assets to NMFS hereunder shall be free and clear of all claims, security interests, pledges, options, rights of first refusal, liens, financing statements, deeds of trust, mortgages, charges, assessments, restrictions, leases, and encumbrances (all such claims, security interests, pledges, options, rights of first refusal, liens, financing statements, deeds of trust, mortgages, charges, assessments, restrictions, and encumbrances being referred to individually as an "Encumbrance" and collectively as "Encumbrances").
Freedom from Encumbrances. All assets held in my Retirement Account are free from any lien, charge or other encumbrance. For Accounts other than Retirement Accounts, all assets held in your Account are free from any lien, charge or other encumbrance excluding encumbrances in favor of Xxxxxxx Xxxxx or its Affiliates. I agree that all such assets will remain free from any such lien, charge or encumbrance unless my Account is not a Retirement Account, I notify Xxxxxxx Xxxxx in advance in writing and Xxxxxxx Xxxxx agrees to such a lien, charge or encumbrance. In addition, I agree that: (i) the terms of this Agreement will prevail in the event of any conflict with any of my collateral arrangements; (ii) I have disclosed the terms of this Agreement to any lender; (iii) Xxxxxxx Xxxxx will not provide advice on or oversee any such collateral arrangements; (iv) there are no specific securities in the Account that must be held as collateral to secure any loan that I may have; and (v) I will promptly notify Xxxxxxx Xxxxx of any default or similar event under any collateral arrangements as defined in these documents. I acknowledge that collateralizing my Account may have adverse effects, including, but not limited to, the fact that the lending institution may require additional collateral or liquidation of securities held in my Account to meet a call, as well as related tax consequences.
Freedom from Encumbrances. All assets held in your Retirement Account are free from any lien, charge or other encumbrance. For Accounts other than Retirement Accounts, all assets held in your Account are free from any lien, charge or other encumbrance excluding encumbrances in favor of us or our Affiliates. Such assets must remain so, unless your Account is not a Retirement Account, you notify us in advance in writing and we agree. In addition: • The terms of this Agreement will prevail in the event of any conflict with your collateral arrangements, and you have disclosed the terms of this Agreement to any lender. • We will not provide advice on or oversee any of your collateral arrangements. • There are no specific securities in your Account that must be held as collateral to secure your loan. • Collateralizing your Account may have adverse effects, including, but not limited to, the fact that the lending institution may require additional collateral or liquidation of securities held in your Account to meet a call, as well as related tax consequences. You must promptly notify us of any default or similar event under your collateral arrangements as defined in the respective collateral arrangements.
Freedom from Encumbrances. The Mortgagor warrants hereby that the Vessel is free from any Lien whatsoever other than the Lien of this Mortgage, and that it shall warrant and defend title to and possession of the Vessel and every part thereof for the benefit of the Mortgagee and the Banks, against the claims and demands of all Persons whomsoever.
Freedom from Encumbrances. The Mortgaged Property is free from any and all liens and encumbrances save and except only the Permitted Exceptions, and Maker does warrant and will defend title to the Mortgaged Property against all claims or demand by third parties whatsoever save and except only the Permitted Exceptions.
Freedom from Encumbrances. All assets held in my Retirement Account are free from any lien, charge or other encumbrance. For Accounts other than Retirement Accounts, all assets held in your Account are free from any lien, charge or other encumbrance excluding encumbrances in favor of Xxxxxxx Xxxxx or its Affiliates. I agree that all such assets will remain free from any such lien, charge or encumbrance unless my Account is not a Retirement Account, I notify Xxxxxxx Xxxxx in advance in writing and Xxxxxxx Xxxxx agrees to such a lien, charge or encumbrance. In addition, I agree that: (i) the terms of this Agreement will prevail in the event of any conflict with any of my collateral arrangements;
Freedom from Encumbrances. Save as otherwise disclosed in writing by the Borrower to the Bank on or prior to the date of this Agreement, neither the Vessel nor its Earnings, Insurances or Requisition Compensation (each as defined in the Mortgage) nor the Earnings Account nor any Extended Employment Contract nor any other properties or rights which are, or are to be, the subject of any of the Security Documents nor any part thereof will be subject to any Encumbrance except Permitted Encumbrances;
Freedom from Encumbrances. The Mortgaged Property is or at closing will be free from any and all liens and encumbrances save and except only the Permitted Exceptions, and Maker does warrant and will defend title to the Mortgaged Property against all claims or demand by third parties whatsoever save and except only the Permitted Exceptions as shown on Exhibit B.
