Common use of Notice of Mortgage Clause in Contracts

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

Appears in 3 contracts

Samples: Loan Agreement (Eagle Bulk Shipping Inc.), Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

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Notice of Mortgage. Each Guarantor shall keep the Mortgage registered recorded against the Ship owned by it as a valid first priority or preferred mortgage, carry on board that Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Mastermaster’s cabin of that Ship a framed printed notice stating that such that Ship is mortgaged by that Guarantor to the Security Trustee.

Appears in 3 contracts

Samples: Debtor in Possession Credit Agreement (Eagle Bulk Shipping Inc.), Credit Agreement (Eagle Bulk Shipping Inc.), Credit Agreement (Eagle Bulk Shipping Inc.)

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

Appears in 2 contracts

Samples: Credit Agreement (DHT Holdings, Inc.), Credit Agreement (DHT Holdings, Inc.)

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

Appears in 2 contracts

Samples: Facility Agreement (Diana Containerships Inc.), Facility Agreement (Diana Containerships Inc.)

Notice of Mortgage. Each The Borrower shall procure that each Guarantor shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority or preferred mortgage, carry on board 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 that Ship a framed printed notice stating that such that Ship is mortgaged by that the relevant Guarantor to the Security Trustee.; and

Appears in 2 contracts

Samples: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)

Notice of Mortgage. Each The Corporate Guarantor shall keep the Mortgage registered against the Ship owned by it as a valid first priority or preferred mortgage, carry on board that 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 that the Ship a framed printed notice stating that such the Ship is mortgaged by that the Corporate Guarantor to the Security TrusteeLenders.

Appears in 2 contracts

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

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

Appears in 2 contracts

Samples: Loan Agreement (Arlington Tankers Ltd.), Loan Agreement (General Maritime Corp / MI)

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

Appears in 2 contracts

Samples: Subordinated Facility Agreement (Diana Shipping Inc.), Subordinated Facility Agreement (Diana Containerships Inc.)

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

Appears in 2 contracts

Samples: Loan Agreement (Dorian LPG Ltd.), Loan Agreement (Dorian LPG Ltd.)

Notice of Mortgage. Each The Borrower shall procure that each Corporate Guarantor 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 or preferred mortgage, carry on board that Ship a certified copy of the that Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of that Ship a framed printed notice stating that such that Ship is mortgaged by that Corporate Guarantor to the Security TrusteeLender.

Appears in 1 contract

Samples: Loan Agreement (Toro Corp.)

Notice of Mortgage. Each Guarantor shall keep the Mortgage registered against the Ship Vessel owned by it as a valid first priority or preferred mortgage, carry on board that Ship Vessel a certified copy of the such Mortgage and place and maintain in a conspicuous place in the navigation room and the Mastermaster’s cabin of that Ship Vessel a framed printed notice stating that such Ship that Vessel is mortgaged by that Guarantor to the Security TrusteeAgent.

Appears in 1 contract

Samples: Facility Agreement (Scorpio Tankers Inc.)

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Notice of Mortgage. Each The Borrower shall procure that each Corporate Guarantor 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 or preferred mortgage, carry on board that Ship a certified copy of the that Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of that Ship a framed printed notice stating that such that Ship is mortgaged by that Corporate Guarantor to the Security TrusteeLender.

Appears in 1 contract

Samples: Loan Agreement (Castor Maritime Inc.)

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

Appears in 1 contract

Samples: Loan Agreement (Arlington Tankers Ltd.)

Notice of Mortgage. Each The Borrower shall procure that each Guarantor shall keep the Mortgage registered against the Ship owned by it as a valid first preferred or, as the case may be, priority or preferred mortgage, carry on board that 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 that Ship a framed printed notice stating that such Ship is mortgaged by that Guarantor to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Notice of Mortgage. Each Guarantor Shipowner shall keep the Mortgage registered against the Ship owned by it as a valid first priority or preferred mortgage, carry on board that Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s master's cabin of that Ship a framed printed notice stating that such Ship is mortgaged by that Guarantor Shipowner to the Common Security TrusteeAgent or relevant Existing Security Agent, as applicable.

Appears in 1 contract

Samples: Common Terms Agreement (Ultrapetrol Bahamas LTD)

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

Appears in 1 contract

Samples: Loan Agreement (Crude Carriers Corp.)

Notice of Mortgage. Each Collateral Guarantor shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority or preferred mortgage, carry on board 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 master's cabin of that Ship a framed printed notice stating that such that Ship is mortgaged by that Collateral Guarantor to the Security TrusteeAgent.

Appears in 1 contract

Samples: Facility Agreement (Taylor Maritime Investments LTD)

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

Appears in 1 contract

Samples: Loan Agreement (Crude Carriers Corp.)

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