Perfection of Mortgage. The Owner shall: (a) comply with and satisfy all the requirements and formalities established by the Republic of The Xxxxxxxx Xxxxxxx Xxxxxxxx Xxx 0000 as amended and any other pertinent legislation of the Republic of The Xxxxxxxx Islands to perfect this Mortgage as a legal, valid and enforceable first preferred mortgage and maritime lien upon the Ship; and (b) promptly provide the Mortgagee from time to time with evidence in such form as the Mortgagee requires that the Owner is complying with Clause 5.3(a).
Appears in 5 contracts
Samples: Mortgage Agreement (Knightsbridge Tankers LTD), Mortgage Agreement (Knightsbridge Tankers LTD), Mortgage Agreement (Knightsbridge Tankers LTD)
Perfection of Mortgage. The Owner shall:
(a) comply with and satisfy all the requirements and formalities established by the Republic of The the Xxxxxxxx Xxxxxxx Xxxxxxxx Xxx 0000 as amended and any other pertinent legislation of the Republic of The the Xxxxxxxx Islands to perfect this Mortgage as a legal, valid and enforceable first preferred mortgage and maritime lien upon the Ship; and
(b) promptly provide the Mortgagee Security Trustee from time to time with evidence in such form as the Mortgagee Security Trustee reasonably requires that the Owner is complying with Clause 5.3(a4.3(a).
Appears in 2 contracts
Samples: Credit Agreement (DHT Holdings, Inc.), Credit Agreement (DHT Holdings, Inc.)
Perfection of Mortgage. The Owner shall:
(a) comply with and satisfy all the requirements and formalities established by the Republic of The Xxxxxxxx Mxxxxxxx Xxxxxxx Xxxxxxxx Xxx 0000 as amended and any other pertinent legislation of the Republic of The Xxxxxxxx Mxxxxxxx Islands to perfect this Mortgage as a legal, valid and enforceable first preferred mortgage and maritime lien upon the Ship; and
(b) promptly provide the Mortgagee Security Trustee from time to time with evidence in such form as the Mortgagee Security Trustee requires that the Owner is complying with Clause 5.3(a4.3(a).
Appears in 1 contract
Samples: Preferred Marshall Islands Mortgage (Eagle Bulk Shipping Inc.)
Perfection of Mortgage. The Owner shall:
(a) to comply with and satisfy all the requirements requisites and formalities established by the Republic of The Xxxxxxxx Xxxxxxx Xxxxxxxx Xxx 0000 as amended and any other pertinent legislation laws of the Republic of The the Xxxxxxxx Islands to perfect this Mortgage as a legal, valid and enforceable first preferred mortgage and maritime lien upon the Ship; and
(b) promptly provide Vessel and to furnish to the Mortgagee from time to time with evidence in such form proof as the Mortgagee requires that may request with respect to the compliance by the Owner is complying with Clause 5.3(a).the provisions of this Section 5.16;
Appears in 1 contract
Perfection of Mortgage. The Owner shall:
(a) comply with and satisfy all the requirements and formalities established by the Republic of The Xxxxxxxx Xxxxxxx Xxxxxxxx Xxx 0000 Mxxxxxxx Islands Maritime Act 1990 as amended and any other pertinent legislation of the Republic of The Xxxxxxxx Mxxxxxxx Islands to perfect this Mortgage as a legal, valid and enforceable first preferred mortgage and maritime lien upon the Ship; and
(b) promptly provide the Mortgagee from time to time with evidence in such form as the Mortgagee requires that the Owner is complying with Clause 5.3(a4.3(a).
Appears in 1 contract
