No Authority to impose Liens Sample Clauses

No Authority to impose Liens. Neither the Hirer nor the Master of the Ship shall have any right power or authority to create incur or permit to be imposed upon the Ship any liens whatsoever except for Permitted Liens. The Hirer agrees to carry a properly certified copy of this Agreement with the Vessel's papers and to exhibit the same to any person having business with the Vessel which might give rise to any lien thereon other than Permitted Liens. The Hirer further agrees to fasten to the Ship in a conspicuous place and to keep so fastened during the Hire Period a notice reading as follows: "This Ship is the property of and is registered in the name of British Linen Shipping Limited. It is under demise charter to Horizon Exploration Limited and, by the terms of the charter, neither the charterer nor the Master nor any servant or agent thereof has any right, power or authority whatsoever to contract on behalf of the Owner or to pledge the Owner's credit or to involve the Owner in any liability whatsoever or to create, incur, or permit to be imposed on the Ship any lien whatsoever except for general average, crews' wages and salvage" or in such other form as the Owner may require from time to time. The Hirer shall not remove or, cover up such notice, and will not place or permit to be placed any other notice (affecting the ownership of the Ship or otherwise relating to the rights of the Owner and dealing with the rights of any person other than the Owner in or on the Ship or any part thereof) without prior written consent of the Owner such consent not to be unreasonably withheld so long as the same is not inconsistent with the rights of the Owner of the Ship. The Hirer agrees to give written instructions with regard to the foregoing matters to the Master of the Vessel, such instructions to be in such terms as may from time to time be required by the Owner.
Sample 1
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Related to No Authority to impose Liens

  • No Authority to Bind Neither party has the power or authority to bind the other party to contracts or other obligations.

  • No Authority to Bind Company Consultant acknowledges and agrees that Consultant and its Assistants have no authority to enter into contracts that bind the Company or create obligations on the part of the Company without the prior written authorization of the Company.

  • Authority to Bind Each person executing this Stipulated Order in a representative capacity represents and warrants that he or she is authorized to execute this Stipulated Order on behalf of and to bind the entity on whose behalf he or she executes the Stipulated Order.

  • No Duty to Ascertain Authority The Custodian shall not be under any duty or obligation to ascertain whether any Securities at any time delivered to or held by it for the Fund and specifically allocated to a Portfolio are such as may properly be held by the Fund under the provisions of the Articles of Incorporation and the Prospectus.

  • AUTHORITY TO MODIFY No modification or change in this Agreement shall be valid and enforceable against UNICEF unless provided by a written amendment to this Agreement signed by a duly authorized officer of UNICEF and an Authorized Officer of IP.

  • Authority to Sign Each of the Parties herein represents and warrants that the execution, delivery, and performance of this Agreement has been duly authorized and signed by a person who meets statutory or other binding approval to sign on behalf of its business organization as named in this Agreement.

  • Right to Injunction Executive acknowledges that a breach of the covenants set forth in Section 10 hereof will cause irreparable damage to the Company with respect to which the Company’s remedy at law for damages will be inadequate. Therefore, in the event of breach or anticipatory breach of the covenants set forth in this section by Executive, Executive and the Company agree that the Company shall be entitled to seek the following particular forms of relief, in addition to remedies otherwise available to it at law or equity: (A) injunctions, both preliminary and permanent, enjoining or restraining such breach or anticipatory breach and Executive hereby consents to the issuance thereof forthwith and without bond by any court of competent jurisdiction; and (B) recovery of all reasonable sums as determined by a court of competent jurisdiction expended and costs, including reasonable attorney’s fees, incurred by the Company to enforce the covenants set forth in this section.

  • No Law Prohibiting or Restricting Such Sale There shall not be in effect any law, rule or regulation prohibiting or restricting such sale or requiring any consent or approval of any person, which shall not have been obtained, to issue the Securities (except as otherwise provided in this Agreement).

  • No Injunctions or Restraints; Illegality No order, injunction or decree issued by any court or agency of competent jurisdiction or other legal restraint or prohibition preventing the consummation of the Merger or any of the other transactions contemplated by this Agreement shall be in effect. No statute, rule, regulation, order, injunction or decree shall have been enacted, entered, promulgated or enforced by any Governmental Entity which prohibits or makes illegal consummation of the Merger.

  • No Authority This Agreement shall not create, nor shall it be deemed to create, the relationship of employer and employee, principal and agent, partnership, or joint venture, between City and Confidant. Confidant has no authority whatsoever to make any representation in respect of, enter any commitment on behalf of, or incur any liability for or on behalf of, City, or to bind or purport to bind City to any Third Party in any way whatsoever.

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