Common use of Notice of Mortgage Clause in Contracts

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the Mortgage registered against the Ship owned by it as a valid first preferred mortgage, carry on board the Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's cabin of the Ship a framed printed notice stating that the Ship is mortgaged by that Owner to the Security Trustee.

Appears in 2 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

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Notice of Mortgage. The Borrower shall procure that each the Owner shall keep the Mortgage registered against the Ship owned by it as a valid first priority or preferred (as the case may be) mortgage, carry on board the Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's ’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by that the Owner to the Security TrusteeLender.

Appears in 2 contracts

Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.)

Notice of Mortgage. The Borrower shall procure that each Owner shall (in the case of the Ship owned by it), keep the relevant Mortgage registered against the relevant Ship owned by it as a valid first preferred mortgage, carry on board the Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's ’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by that the relevant Owner to the Security Trustee.

Appears in 2 contracts

Samples: Loan Agreement (Britannia Bulk Holdings Inc), Loan Agreement (Britannia Bulk PLC)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the Mortgage registered against the Ship owned by it as a valid first priority mortgage or preferred mortgage(as the case may be), carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's ’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by that Owner to the Security TrusteeTrustee or, as the case may be, the Lenders.

Appears in 2 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the Mortgage registered against the Ship owned by it as a valid first priority or preferred (as the case may be) mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by that Owner to the Security TrusteeLender.

Appears in 2 contracts

Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Paragon Shipping Inc.)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the Mortgage relative to its Ship registered against the that Ship owned by it as a valid first preferred or, as the case may be, priority mortgage, carry on board the that Ship a certified copy of the relevant that Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's ’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by that Owner to the Security Trustee.

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition Corp)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the Mortgage registered against the Ship owned by it as a valid first preferred priority mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's ’s cabin of the that Ship a framed printed notice stating that the Ship is mortgaged by that Owner to the Security TrusteeLender.

Appears in 2 contracts

Samples: Loan Agreement (Gala Properties Inc.), Loan Agreement (Diana Shipping Inc.)

Notice of Mortgage. The Borrower shall procure that each the Owner shall keep the Mortgage registered against the Ship owned by it as a valid first preferred mortgage, carry on board the Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's ’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by that the Owner to the Security TrusteeLender.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the relevant Mortgage registered against the Ship owned by it as a valid first preferred mortgage, carry on board or priority (as the Ship case may be) mortgage and shall ensure that a certified copy of the relevant Mortgage is carried on board its Ship and place that there is placed and maintain maintained in a conspicuous place in the navigation room and the Master's ’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by that Owner to the Security Trustee.

Appears in 2 contracts

Samples: Amending and Restating Agreement (Seacastle Inc.), Loan Agreement (Seacastle Inc.)

Notice of Mortgage. The Borrower shall procure that each the Owner shall keep the Mortgage applicable to the Ship registered against the Ship owned by it as a valid first preferred mortgage, carry on board the Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's cabin of the Ship a framed printed notice stating that the Ship is mortgaged by that the Owner to the Security TrusteeLender.

Appears in 2 contracts

Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Cosmo Llc.)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the Mortgage registered against relative to the Ship owned by it registered against that Ship as a valid first second preferred or, as the case may be, priority mortgage, carry on board the that Ship a certified copy of the relevant that Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's ’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by that Owner to the Security TrusteeLender.

Appears in 2 contracts

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the Mortgage registered against applicable to the Ship owned by it registered against that Ship as a valid first priority or preferred mortgage, carry on board the Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's ’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by that the Owner to the Security TrusteeLender.

Appears in 2 contracts

Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (DryShips Inc.)

Notice of Mortgage. The Borrower shall procure that each Owner of a Mortgaged Ship shall keep the Mortgage relative to its Ship registered against the that Ship owned by it as a valid first preferred or, in the case of the Additional Owners, second, priority mortgage, carry on board the such Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's ’s cabin of the such Ship a framed printed notice stating that the such Ship is mortgaged by that the relevant Owner to the Security TrusteeLender.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Notice of Mortgage. The Each Borrower shall, and shall procure that each the Collateral Owner shall shall, keep the Mortgage registered against the Ship owned by it as a valid first preferred priority mortgage, carry on board the such Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's ’s cabin of the such Ship a framed printed notice stating that the such Ship is mortgaged by that the relevant Owner Borrower to the Security TrusteeLender.

Appears in 1 contract

Samples: Amending and Restating Agreement (DryShips Inc.)

Notice of Mortgage. The Each Borrower shall procure that each Owner shall shall: (a) keep the relevant Mortgage registered against the Ship owned by it as a valid first priority or, as the case may be, first preferred mortgage, ; and (b) carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by that Owner Borrower to the Security TrusteeLender.

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

Notice of Mortgage. The Borrower shall procure that each Owner shall (in the case of the Ship or Ships (as the case may be) owned by it), keep the relevant Mortgage registered against the relevant Ship owned by it as a valid first preferred or priority (as the case may be) mortgage, carry on board the Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's ’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by that the relevant Owner to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Britannia Bulk Holdings Inc)

Notice of Mortgage. The Borrower shall procure that each the Owner shall keep the Mortgage registered against the Ship owned by it as a valid first preferred or, as the case may be, priority mortgage, carry on board the Ship a certified copy of the relevant that Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's cabin of the Ship a framed printed notice stating that the Ship is mortgaged by that the Owner to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Capital Product Partners L.P.)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the Mortgage registered against applicable to the Ship owned by it registered against that Ship as a valid first or, as the case may be, second preferred mortgage, carry on board the that Ship a certified copy of the relevant applicable Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by that the relevant Owner to the Security TrusteeLender.

Appears in 1 contract

Samples: Amending and Restating Agreement (Star Bulk Carriers Corp.)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the Mortgage registered against relative to the Ship owned by it registered against that Ship as a valid first second preferred or, as the case may be, priority mortgage, carry on board the that Ship a certified copy of the relevant that Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by that Owner to the Security TrusteeLender.

Appears in 1 contract

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.)

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Notice of Mortgage. The Borrower shall procure that each the Owner shall keep the Mortgage applicable to the Ship registered against the Ship owned by it as a valid first priority or first preferred mortgage, carry on board the Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's cabin of the Ship a framed printed notice stating that the Ship is mortgaged by that the Owner to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the Mortgage registered against the Ship owned by it as a valid first preferred mortgageor priority mortgage (as the case may be), carry on board the Ship owned by it a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the that Master's ’s cabin of the Ship owned by it a framed printed notice stating that the Ship owned by it is mortgaged by that Owner to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)

Notice of Mortgage. The Each Borrower shall, and shall procure that each the Collateral Owner shall shall, keep the Mortgage registered against the Ship owned by it as a valid first preferred priority mortgage, carry on board the such Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's ’s cabin of the such Ship a framed printed notice stating that the such Ship is mortgaged by that the relevant Owner to the Security TrusteeLender.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the Mortgage registered against the Ship owned by it as a valid first second preferred or, as the case may be, priority mortgage, carry on board the Ship owned by it a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's cabin of the Ship owned by it a framed printed notice stating that the Ship owned by it is mortgaged by that the relevant Owner to the Security TrusteeLender.

Appears in 1 contract

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority or preferred mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's ’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by that Owner to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Costamare Partners LP)

Notice of Mortgage. The Borrower shall procure that each the Owner shall keep the Mortgage registered against the Ship owned by it as a valid first priority or preferred (as the case may be) mortgage, carry on board the Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's cabin of the Ship a framed printed notice stating that the Ship is mortgaged by that the Owner to the Security TrusteeLender.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the Mortgage registered against the Ship owned by it as a valid first preferred or, as the case may be, priority mortgage, carry on board the Ship owned by it a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's ’s cabin of the that Ship a framed printed notice stating that the such Ship is mortgaged by that Owner to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

Notice of Mortgage. The Borrower shall procure that each the Owner shall keep the Mortgage registered against the Ship owned by it as a valid first preferred or, as the case may be, priority mortgage, carry on board the Ship a certified copy of the relevant that Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's ’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by that the Owner to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Capital Product Partners L.P.)

Notice of Mortgage. The Borrower shall procure that each Owner of a Mortgaged Ship shall keep the Mortgage relative to its Ship registered against the that Ship owned by it as a valid first preferred or, in the case of the Additional Owners, second, priority mortgage, carry on board the such Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's cabin of the such Ship a framed printed notice stating that the such Ship is mortgaged by that the relevant Owner to the Security TrusteeLender.

Appears in 1 contract

Samples: Fourth Amending and Restating Agreement (DryShips Inc.)

Notice of Mortgage. The Borrower shall procure that each the Owner shall keep the Mortgage relative to the Ship registered against the Ship owned by it as a valid first second preferred or, as the case may be, priority mortgage, carry on board the that Ship a certified copy of the relevant that Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's cabin of the Ship a framed printed notice stating that the Ship is mortgaged by that the Owner to the Security TrusteeLender.

Appears in 1 contract

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the relevant Mortgage registered against the Ship owned by it as a valid first preferred priority mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master's ’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by that Owner to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

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