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Common use of No third party Security Interests Clause in Contracts

No third party Security Interests. Without limiting the generality of Clause 10.5, at the time of the execution and delivery of this Guarantee and any other Security Document to which the Guarantor is a party: (a) the Guarantor will have the right to create all the Security Interests which that Security 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: Guarantee, Guarantee, Guarantee

No third party Security Interests. Without limiting the generality of Clause 10.510.6 (Legal validity), at the time of the execution and delivery of this Guarantee and any other Security Document to which the Guarantor is a party: (a) the Guarantor will have the right to create all the Security Interests which that such Security Document purports Documents purport 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: Guarantee (United Maritime Corp), Guarantee (United Maritime Corp), Guarantee (United Maritime Corp)

No third party Security Interests. Without limiting the generality of Clause 10.510.5 (Legal validity and effective Security Interests), at the time of the execution and delivery of this Guarantee and any each of the other Security Document Finance Documents to which the Guarantor is a party: (a) the Guarantor will have the right to create all the Security Interests which that Security 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: Amending and Restating Deed (Global Ship Lease, Inc.), Second Amending and Restating Deed (Global Ship Lease, Inc.)

No third party Security Interests. Without limiting the generality of Clause 10.510.6, at the time of the execution and delivery of this Guarantee and any other Security Document to which the Guarantor is a partyeach Guarantor’s Document: (a) the Guarantor will have the right to create all the Security Interests which that Security Guarantor’s 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: Guarantee (Capital Product Partners L.P.), Guarantee (Capital Product Partners L.P.)

No third party Security Interests. Without limiting the generality of Clause 10.5, at the time of the execution and delivery of this Guarantee and any other Security each Finance Document to which the Guarantor is a party: (a) the Guarantor will have the right to create all the Security Interests which that Security 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: Supplemental Agreement (TBS International PLC), Supplemental Agreement (TBS International PLC)

No third party Security Interests. Without limiting the generality of Clause 10.5, at the time of the execution and delivery of this Guarantee and any other Security Document to which the Guarantor is a partyeach Guarantor’s Document: (a) the Guarantor will have the right to create all the Security Interests which that Security Guarantor’s 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: Guarantee (Box Ships Inc.)

No third party Security Interests. Without limiting the generality of Clause 10.5, at the time of the execution and delivery of this Guarantee and any other Security Document to which the Guarantor is a partyeach Guarantor's Document: (a) the Guarantor will have the right to create all the Security Interests which that Security Guarantor's 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: Guarantee (Box Ships Inc.)

No third party Security Interests. Without limiting the generality of Clause 10.510.6, at the time of the execution and delivery of this Guarantee and any other Security each Finance Document to which the Guarantor is a party: (a) the Guarantor will have the right to create all the Security Interests which that Security 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: Guarantee (Scorpio Tankers Inc.)

No third party Security Interests. Without limiting the generality of Clause 10.510.6, at the time of the execution and delivery of this Guarantee and any other Security Document to which the Guarantor is a partyeach Corporate Guarantor’s Document: (a) the Corporate Guarantor will have the right to create all the Security Interests which that Security 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: Corporate Guarantee (DryShips Inc.)

No third party Security Interests. Without limiting the generality of Clause 10.510.6, at the time of the execution and delivery of this Guarantee and any other Security each Finance Document to which the Guarantor is a party: : (a) the Guarantor will have the right to create all the Security Interests which that Security Finance Document purports to create; and 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: Guarantee (DryShips Inc.)