NO POWER TO CREATE LIENS. Neither the Shipowner, any charterer, the Master of the Ship nor any other person has or shall have any right, power or authority to create, incur or permit to be placed or imposed or continued upon the Ship any lien or encumbrance whatsoever other than Permitted Liens, liens for current crew's wages and salvage and the lien of this Deed and the Mortgage.
Appears in 3 contracts
Samples: Collateral Agency Agreement (Millenium Seacarriers Inc), Millenium Seacarriers Inc, Millenium Seacarriers Inc
NO POWER TO CREATE LIENS. Neither the Shipowner, any charterer, the Master of the Ship Vessel nor any other person has or shall have any right, power or authority to create, incur or permit to be placed or imposed or continued upon the Ship Vessel any lien or encumbrance whatsoever other than Permitted Liens, liens for current crew's wages and salvage and the lien of this Deed and the Mortgage.
Appears in 2 contracts
Samples: Collateral Agency Agreement (Millenium Seacarriers Inc), Collateral Agency Agreement (Millenium Seacarriers Inc)
NO POWER TO CREATE LIENS. Neither None of the ShipownerShipowners, any charterer, the Master Masters of the Ship nor Vessels or any other person Person has or shall have any right, power or authority to create, incur or permit to be placed or imposed or continued upon any of the Ship Vessels any lien or encumbrance whatsoever other than Permitted Liens, liens for current crew's wages and salvage Encumbrances and the lien of this Deed and the MortgageMortgages.
Appears in 1 contract
Samples: Collateral Agency Agreement (Offshore Logistics INC)
