Positive Undertakings. The Buyer hereby undertakes and agrees with the Security Agent that throughout the Security Period it will: 3.1.1 Document of title to the Ship give irrevocable instructions to the Builder to hold the Ship and the builder’s certificate and any other document of title to the Ship to the order and at the disposal of the Security Agent and ensure that the Builder complies with such instructions;
Appears in 2 contracts
Samples: Loan Agreement (Euronav NV), Loan Agreement (Quintana Shipping Ltd.)
Positive Undertakings. The Buyer hereby undertakes and agrees with the Security Agent Bank that throughout the Security Period it will:
3.1.1 Document of title to the Ship give irrevocable instructions to the Builder Builders to hold the Ship and the builder’s certificate and any other document of title to the Ship to the order and at the disposal of the Security Agent Bank and ensure that the Builder complies Builders comply with such instructions;
Appears in 2 contracts
Samples: Supplemental Agreement, Supplemental Agreement (Gala Properties Inc.)
Positive Undertakings. The Buyer hereby undertakes and agrees with the Security Agent that throughout the Security Period it will:
3.1.1 Document of title to the Ship give irrevocable instructions to the Builder Seller to hold the Ship and the builder’s certificate and any other document of title to the Ship to the order and at the disposal of the Security Agent and ensure that the Builder Seller complies with such instructions;
Appears in 1 contract
