Common use of No Security Interests Clause in Contracts

No Security Interests. neither the Vessel, nor its Earnings, Requisition Compensation or Insurances 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, on the Drawdown Date, be subject to any Security Interests other than Permitted Security Interests or otherwise permitted by the Finance Documents;

No Security Interests. neither the Vessel, nor its Earnings, Requisition Compensation or Insurances 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, on the Drawdown Delivery Date, be subject to any Security Interests other than Permitted Security Interests or otherwise permitted by the Finance Documents;

No Security Interests. neither the any Vessel, nor its Earnings, Requisition Compensation or Insurances 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, will on the Drawdown Date, Date be subject to any Security Interests other than Permitted Security Interests or otherwise permitted by the Finance Documents;