No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance Document: (a) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and (b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 32 contracts
Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.), Loan Agreement (Diana Shipping Inc.)
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance DocumentDocument to which the Borrower is a party:
(a) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 20 contracts
Samples: Amending and Restating Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Holdings Inc.)
No third party Security Interests. Without limiting the generality of Clause 10.69.6, at the time of the execution and delivery of each Finance Document:
(a) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 14 contracts
Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Quintana Shipping Ltd.)
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance DocumentDocument to which a Borrower is a party:
(a) the each Borrower which is a party to that Finance Document will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 13 contracts
Samples: Amending and Restating Deed (Global Ship Lease, Inc.), Loan Agreement (Diana Shipping Inc.), Loan Agreement (Global Ship Lease, Inc.)
No third party Security Interests. Without limiting the generality of Clause 10.69.6, at the time of the execution and delivery of each Finance DocumentDocument to which the Borrower is a party:
(a) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 9 contracts
Samples: Loan Agreement, Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Acquisition CORP)
No third party Security Interests. Without limiting the generality of Clause Clauses 10.5 and 10.6, at the time of the execution and delivery of each Finance Document:
(a) the Borrower relevant Security Party will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 9 contracts
Samples: Credit Agreement (Scorpio Bulkers Inc.), Second Lien Loan Agreement (Eagle Bulk Shipping Inc.), Loan Agreement (Pangaea Logistics Solutions Ltd.)
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance Document:
(a) the each Borrower which is a party to that Finance Document will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 9 contracts
Samples: Loan Agreement, Loan Agreement (Dynagas LNG Partners LP), Loan Agreement (Dynagas LNG Partners LP)
No third party Security Interests. Without limiting the generality of Clause 10.69.6, at the time of the execution and delivery of each Finance Document:
(a) the each Borrower which is a party to that Finance Document will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 8 contracts
Samples: Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (TBS International LTD)
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance DocumentDocument to which each Borrower is a party:
(a) the that Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 8 contracts
Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Castor Maritime Inc.)
No third party Security Interests. Without limiting the generality of Clause Clauses 10.5 and 10.6, at the time of the execution and delivery of each Finance DocumentDocument to which a Borrower is a party:
(a) the Borrower party thereto will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 8 contracts
Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)
No third party Security Interests. Without limiting the generality of Clause 10.69.6, at the time of the execution and delivery of each Finance Document:
(a) the each Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 7 contracts
Samples: Amending and Restating Agreement (DryShips Inc.), Amending and Restating Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
No third party Security Interests. Without limiting the generality of Clause 10.69.6, at the time of the execution and delivery of each Finance Document:
(a) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 7 contracts
Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.)
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance Document:
(a) the Borrower which is a party to that Finance Document will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 5 contracts
Samples: Amending and Restating Agreement (GasLog Partners LP), Loan Agreement (GasLog Partners LP), Amending and Restating Agreement
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance Document:
(a) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 3 contracts
Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)
No third party Security Interests. Without limiting the generality of Clause 10.610.10, at the time of the execution and delivery of each Finance DocumentDocument to which the Borrower is a party:
(a) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over), in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 3 contracts
Samples: Loan Agreement (General Maritime Corp / MI), Loan Agreement (Arlington Tankers Ltd.), Loan Agreement (Arlington Tankers Ltd.)
No third party Security Interests. Without limiting the generality of Clause 10.610.5, at the time of the execution and delivery of each Finance Document:
(a) the Borrower relevant Security Party will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 3 contracts
Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)
No third party Security Interests. Without limiting the generality of Clause 10.69.6, at the time of the execution and delivery of each Finance DocumentDocument to which the Borrower is a party and the Master Agreement:
(a) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 3 contracts
Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Box Ships Inc.)
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance DocumentDocument to which a Borrower is a party:
(a) the each Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 3 contracts
Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance DocumentDocument to which each Borrower is a party except for Permitted Security Interests:
(a) the such Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 3 contracts
Samples: Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.)
No third party Security Interests. Without without limiting the generality of Clause 10.66.1(i) (Perfected Securities), at the time of the execution and delivery of each Finance DocumentDocument to which the Borrower is a party:
(ai) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(bii) no third party will have any Security Interest Interests (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.;
Appears in 3 contracts
Samples: Loan Agreement (Performance Shipping Inc.), Loan Agreement (Performance Shipping Inc.), Loan Agreement (Seanergy Maritime Holdings Corp.)
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance DocumentDocument to which that Borrower is a party:
(a) the that Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 2 contracts
Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)
No third party Security Interests. Without limiting the generality of Clause Clauses10.5 and 10.6, at the time of the execution and delivery of each Finance Document:
(a) the Borrower relevant Security Party will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 2 contracts
Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance Document:
(a) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 2 contracts
Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (EuroDry Ltd.)
No third party Security Interests. Without limiting the generality of Clause 10.69.6, at the time of the execution and delivery of each Finance Document:
(a) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 2 contracts
Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)
No third party Security Interests. Without limiting the generality of Clause 10.610.6 (Legal validity; effective Security Interests), at the time of the execution and delivery of each Finance DocumentDocument to which a Borrower is a party:
(a) the each Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 2 contracts
Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance DocumentDocument to which a Borrower is a party and the Master Agreement:
(a) the each Borrower which is a party to that Finance Document will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 2 contracts
Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.)
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance Document:
(a) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 2 contracts
Samples: Loan Agreement (GasLog Ltd.), Loan Agreement (GasLog Ltd.)
No third party Security Interests. Without limiting the generality of Clause Clauses 10.5 and 10.6, at the time of the execution and delivery of each Finance Document:
(a) the Borrower relevant Security Party will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security InterestInterest which that Finance Document purports to create, by its terms, relates.
Appears in 2 contracts
Samples: Loan Agreement (Dorian LPG Ltd.), Loan Agreement (Dorian LPG Ltd.)
No third party Security Interests. Without limiting the generality of Clause 10.610.6 (Legal validity; effective Security Interests), at the time of the execution and delivery of each Finance Document:
(a) the Borrower or the relevant Security Party which is party to that Finance Document will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 2 contracts
Samples: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
No third party Security Interests. Without limiting the generality of Clause 10.610.5, at the time of the execution and delivery of each Finance Document:
(a) the each Borrower which is a party to that Finance Document will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 2 contracts
Samples: Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (Scorpio Tankers Inc.)
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance Document:
(a) the relevant Borrower or Borrowers which are a party to that Finance Document will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will to the best of the Borrower’s knowledge and belief have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such a Security Interest, Interest created by its terms, a Finance Document relates.
Appears in 2 contracts
Samples: Amending and Restating Agreement (TBS International PLC), Loan Agreement (TBS International LTD)
No third party Security Interests. Without limiting the generality of Clause 10.68.6, at the time of the execution and delivery of each Finance Document:
(a) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 2 contracts
Samples: Fourth Amending and Restating Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
No third party Security Interests. Without limiting the generality of Clause 10.610.6 (Legal validity; effective Security Interests), at the time of the execution and delivery of each Finance DocumentDocument to which the Borrower is a party:
(a) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 2 contracts
Samples: Loan Agreement (Toro Corp.), Loan Agreement (Castor Maritime Inc.)
No third party Security Interests. Without limiting the generality of Clause Clauses 10.5 and 10.6, at the time of the execution and delivery of each Finance DocumentDocument to which the Borrower is a party:
(a) the Borrower party thereto will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 2 contracts
Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)
No third party Security Interests. Without limiting the generality of Clause 10.611.6, at the time of the execution and delivery of each Finance Document:
(a) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 2 contracts
Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Danaos Corp)
No third party Security Interests. Without limiting the generality of Clause 10.610.5 and subject to the Legal Reservations, at the time of the execution and delivery of each Finance DocumentDocument to which each Borrower is a party:
(a) the that Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
No third party Security Interests. Without limiting the generality of Clause 10.69,6, at the time of the execution and delivery of each Finance Document:
(a) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
Samples: Loan Agreement (Pyxis Tankers Inc.)
No third party Security Interests. Without limiting the generality of Clause 10.610.7, at the time of the execution and delivery of each Finance DocumentDocument to which the Borrower is a party:
(a) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance DocumentDocument and the Master Agreement to which it is a party:
(a) the Borrower it will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
Samples: Loan Agreement (Mc Shipping Inc)
No third party Security Interests. Without limiting the generality of Clause 10.610.7 (Legal validity; effective Security Interests), at the time of the execution and delivery of each Finance Document:
(a) the each Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance DocumentDocument to which a Borrower is a party and each Master Agreement:
(a) the each Borrower which is a party to that Finance Document will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
No third party Security Interests. Without limiting the generality of Clause 10.614.7, at the time of the execution and delivery of each Finance DocumentDocument to which the Borrower is a party:
(a) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
Samples: Loan and Guarantee Facility Agreement (DryShips Inc.)
No third party Security Interests. Without without limiting the generality of Clause 10.66.1(i) (Perfected Securities), at the time of the execution and delivery of each Finance DocumentDocument to which each Borrower is a party:
(ai) the each Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(bii) no third party will have any Security Interest Interests (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.;
Appears in 1 contract
Samples: Loan Agreement (Imperial Petroleum Inc./Marshall Islands)
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance DocumentDocument to which a Borrower is a party:
(a) the each Borrower which is a party to that Finance Document will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset of the Borrower to which any such Security Interest, by its terms, relates.
Appears in 1 contract
No third party Security Interests. Without limiting the generality of Clause 10.610.5, at the time of the execution and delivery of each Finance DocumentDocument to which each Borrower is a party:
(a) the that Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance Document:
(a) the Borrower Borrowers will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
No third party Security Interests. Without limiting the generality of Clause 10.610.5, at the time of the execution and delivery of each Finance Document:
(a) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
Samples: Loan Agreement (Euronav NV)
No third party Security Interests. Without limiting the generality of Clause 10.610.6 (Legal validity; effective Security Interests), at the time of the execution and delivery of each Finance DocumentDocument to which each Borrower is a party:
(a) the that Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance DocumentDocument to which the Borrower is a party:
(a) the Borrower it will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance Document:
(a) Document the Borrower relevant Obligor will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
No third party Security Interests. Without limiting the generality of Clause 10.6, 10.6 at the time of the execution and delivery of each Finance Document:
(a) the Borrower it and each Security Party will have the right to create all the Security Interests which that each Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security InterestFinance Document, by its terms, relates.
Appears in 1 contract
Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance Document:
(a) the each Borrower which is a party to that Finance Document will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for a Permitted Security InterestsInterest) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
No third party Security Interests. Without limiting the generality of Clause 10.69.6, at the time of the execution and delivery of each Finance Document:
(a) the each Borrower which is a party to that Finance Document will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for other than any Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
No third party Security Interests. Without limiting the generality of Clause 10.610.7, at the time of the execution and delivery of each Finance DocumentDocument to which the Borrower or the relevant Owner is a Party:
(a) the Borrower or that Owner will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
No third party Security Interests. Without limiting the generality of Clause 10.610.5, at the time of the execution and delivery of each Finance Document:
(a) the Borrower which is a party to that Finance Document will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
No third party Security Interests. Without limiting the generality of Clause 10.68.6, at the time of the execution and delivery of each Finance Document:
(a) the Borrower relevant Obligor or Obligors which are a party to that Finance Document will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will to the best of the Obligors’ knowledge and belief have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such a Security Interest, Interest created by its termsa Finance Document, relates.
Appears in 1 contract
Samples: Guarantee Facility Agreement (TBS International PLC)
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance Document:
(a) the Borrower Borrowers will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
Samples: Loan Agreement (Euroseas Ltd.)
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance Document:
(a) the Borrower each Obligor will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
No third party Security Interests. Without limiting the generality of Clause 10.6Sections 4 and 5, at the time of the execution and delivery of each Finance Document:
(a) the Borrower relevant Obligor had or will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
No third party Security Interests. Without limiting the generality of Clause 10.69.6, at the time of the execution and delivery of each Finance DocumentDocument to which a Borrower is a party:
(a) the each Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)
No third party Security Interests. Without limiting the generality of Clause 10.69.6, at the time of the execution and delivery of each Finance DocumentDocument and the Master Agreement to which it is a party:
(a) the Borrower it will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
Samples: Loan Agreement (Mc Shipping Inc)
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance DocumentDocument purporting to grant a Security Interest:
(a) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset over which such Finance Document purports to which any such grant a Security Interest, by its terms, relates.
Appears in 1 contract
No third party Security Interests. Without limiting the generality of Clause 10.69.6, at the time of the execution and delivery of each Finance DocumentDocument to which it is a party and the Master Agreement:
(a) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
Samples: Loan Agreement (Box Ships Inc.)
No third party Security Interests. Without limiting the generality of Clause 10.615.6, at the time of the execution and delivery of each Finance Document:
(a) the each Borrower which is a party to that Finance Document will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for a Permitted Security InterestsInterest) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
No third party Security Interests. Without without limiting the generality of Clause 10.66.1(i) (Perfected Securities), at the time of the execution and delivery of each Finance Document:Document to which the Borrower is a party
(ai) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(bii) no third party will have any Security Interest Interests (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
Samples: Loan Agreement (Pyxis Tankers Inc.)
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance Document:
(a) the Borrower or the relevant Security Party which is party to that Finance Document will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
Samples: Facility Agreement (Navios Maritime Containers Inc.)
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance Document:
(a) the relevant Borrower or the relevant Security Party which is party to that Finance Document will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
Samples: Supplemental Agreement (Navios Maritime Containers Inc.)
No third party Security Interests. Without limiting the generality of Clause 10.69.6, at the time of the execution and delivery of each Finance DocumentDocument to which the Borrower is a party and the Master Agreement:
(a) the Borrower will will, have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
Samples: Loan Agreement (Box Ships Inc.)
No third party Security Interests. Without limiting the generality of Clause 10.610.6 (Legal validity; effective Security Interests), at the time of the execution and delivery of each Finance DocumentDocument to which the Borrower is a party:
(a) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security InterestsLiens) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance Document:
(a) the each Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
Samples: Loan Agreement (Pyxis Tankers Inc.)
No third party Security Interests. Without limiting the generality of Clause 10.610.7, at the time of the execution and delivery of each Finance Document:
(a) the Borrower and each Security Party, as the case may be, will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
Appears in 1 contract
Samples: Loan Agreement (Seacastle Inc.)