Legal validity; effective Security Interests. The Finance Documents to which the Borrower is a party, do now or, as the case may be, will, upon execution and delivery (and, where applicable, registration as provided for in the Finance Documents):
Legal validity; effective Security Interests. Subject to any relevant insolvency laws affecting creditors’ rights generally:
Legal validity; effective Security Interests. The Finance Documents and any Master Agreement to which the Borrower or any Owner is a party do now or, as the case may be, will, upon execution and delivery (and, where applicable, registration as provided for in the Finance Documents):
Legal validity; effective Security Interests. This Deed and the Assigned Contracts to which the Bareboat Charterer is a party:
Legal validity; effective Security Interests. This Deed and the Assigned Contracts to which Pacific Rim is a party:
Legal validity; effective Security Interests. This Deed and the Assigned Contracts to which TBS Worldwide is a party:
Legal validity; effective Security Interests. The Guarantor’s Documents do now, or, as the case may be, will upon execution and delivery (and, where applicable, registration as provided for in the Finance Documents):
Legal validity; effective Security Interests. (a) Each Bareboat Charter and Finance Document to which each Obligor is a party do now or, as the case may be, will, upon execution and delivery (and, where applicable, registration as provided for in the Finance Documents) constitute such Obligor’s legal, valid and binding obligations enforceable against it in accordance with their respective terms (subject, in the case of each Bareboat Charter, to the relevant Memorandum of Three Party Agreement); and
Legal validity; effective Security Interests. The Master Agreement and the Finance Documents to which the Borrower and each New Owner is a party, do now or, as the case may be, will, upon execution and delivery (and, where applicable, registration):
Legal validity; effective Security Interests this Supplemental Agreement constitutes its legal, valid and binding obligations enforceable against it in accordance with their respective terms.
