ORGANIZATION OF SHIPOWNER. (a) The Shipowner is a corporation duly organized and existing under the laws of _____________________ and shall so remain during the life of this Deed and the Mortgage and so long as each of the Indenture and the Working Capital Guarantee shall remain in effect and any Obligations or any Working Capital Loans remain outstanding.
Appears in 3 contracts
Samples: Collateral Agency Agreement (Millenium Seacarriers Inc), Millenium Seacarriers Inc, Millenium Seacarriers Inc
ORGANIZATION OF SHIPOWNER. (a) The Shipowner is a corporation duly organized and existing under the laws of _____________________ and shall so remain during the life of this Deed and the Mortgage and so long as each of the Indenture and the Working Capital Guarantee shall remain in effect and any Obligations or any Working Capital Loans remain outstanding.
Appears in 2 contracts
Samples: Collateral Agency Agreement (Millenium Seacarriers Inc), Collateral Agency Agreement (Millenium Seacarriers Inc)
