Common use of Prohibition of Liens Clause in Contracts

Prohibition of Liens. Neither the Shipowner, any charterer, the Master of the Vessel nor any other person has or shall have any right, power or authority to create, incur or permit to be placed or imposed or continued upon the Vessel, its freights, profits or hire any lien whatsoever other than this Mortgage, other liens in favor of the Mortgagee and for crew’s wages and salvage.

Appears in 8 contracts

Samples: Credit Agreement (Gener8 Maritime, Inc.), Credit Agreement (Gener8 Maritime, Inc.), Credit Agreement (Genco Shipping & Trading LTD)

AutoNDA by SimpleDocs

Prohibition of Liens. Neither None of the Shipowner, any charterer, the Master of the Vessel nor or any other person has or shall have any right, power or authority to create, incur or permit to be placed or imposed or continued upon the Vessel, its freights, profits or hire any lien Lien whatsoever other than this Mortgage, other liens in favor of the Mortgagee Mortgage and for crew’s wages and salvagePermitted Collateral Vessel Liens.

Appears in 3 contracts

Samples: Credit Agreement (Overseas Shipholding Group Inc), Term Loan Credit Agreement (Overseas Shipholding Group Inc), Abl Credit Agreement (Overseas Shipholding Group Inc)

Prohibition of Liens. Neither the Shipowner, any charterer, the Master of the Vessel nor any other person has or shall have any right, power or authority to create, incur or permit to be placed or imposed or continued upon the Vessel, its freights, profits or hire any lien whatsoever other than this Mortgage, other liens in favor of the Mortgagee and for crew’s 's wages and salvage.

Appears in 3 contracts

Samples: First Preferred Ship Mortgage (General Maritime Corp/), First Preferred Ship Mortgage (General Maritime Corp/), First Preferred Ship Mortgage (General Maritime Corp)

Prohibition of Liens. Neither the Shipowner, any charterer, the Master of the Vessel nor any other person has or shall have any right, power or authority to create, incur or permit to be placed or imposed or continued upon the Vessel, its freights, profits or hire any lien whatsoever other than the Mortgage, this MortgageDeed, other liens in favor of the Mortgagee and for crew’s 's wages and salvage.

Appears in 2 contracts

Samples: Deed of Covenants (General Maritime Corp/), Deed of Covenants (General Maritime Corp/)

Prohibition of Liens. Neither the Shipowner, any charterer, the Master of the Vessel nor any other person has or shall have any right, power or authority to create, incur or permit to be placed or imposed or continued upon the Vessel, its freights, profits or hire any lien whatsoever other than the Mortgage, this MortgageDeed, other liens in favor of the Mortgagee and for crew’s wages and salvage.

Appears in 2 contracts

Samples: Credit Agreement (Genco Shipping & Trading LTD), Credit Agreement (Genco Shipping & Trading LTD)

Prohibition of Liens. Neither the Shipowner, any charterer, the Master of the Vessel nor any other person has or shall have any right, power or authority to create, incur incur, assume or permit to be placed or imposed or continued upon the Vessel, its freights, profits or hire hire, any lien whatsoever other than this Mortgage, other liens in favor of the Mortgagee Mortgagee, any other Permitted Liens and for crew’s wages and salvage.

Appears in 2 contracts

Samples: Credit Agreement (Gener8 Maritime, Inc.), Credit Agreement (Gener8 Maritime, Inc.)

Prohibition of Liens. Neither None of the Shipowner, any charterer, the Master of the Vessel nor or any other person has or shall have any right, power or authority to create, incur or permit to be placed or imposed or continued upon the Vessel, its freights, profits or hire any lien Lien whatsoever other than this Mortgage, other liens in favor of the Mortgagee Mortgage and for crew’s wages and salvagePermitted Liens.

Appears in 2 contracts

Samples: Revolving Credit Agreement (International Seaways, Inc.), Credit Agreement (International Seaways, Inc.)

AutoNDA by SimpleDocs

Prohibition of Liens. Neither the Shipowner, any charterer, the Master of the Vessel nor any other person has or shall have any right, power or authority to create, incur or permit to be placed or imposed or continued upon the Vessel, its freights, profits or hire any lien whatsoever other than this Mortgage, any other Permitted Liens (including, without limitation, the First Preferred Mortgage), and other liens in favor of the Mortgagee and for crew’s wages and salvage.

Appears in 2 contracts

Samples: Credit Agreement (Gener8 Maritime, Inc.), Credit Agreement (Gener8 Maritime, Inc.)

Prohibition of Liens. Neither the Shipowner, any charterer, the Master of the Vessel nor any other person has or shall have any right, power or authority to create, incur incur, assume or permit to be placed or imposed or continued upon the Vessel, its freights, profits or hire hire, any lien Lien whatsoever other than this Mortgage, other liens in favor of the Mortgagee Deed and for crew’s wages and salvageany other Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Gener8 Maritime, Inc.)

Prohibition of Liens. Neither the Shipowner, any charterer, the Master of the Vessel nor any other person has or shall have any right, power or authority to create, incur incur, assure or permit to be placed or imposed or continued upon the Vessel, its freights, profits or hire hire, any lien Lien whatsoever other than this Mortgage, other liens in favor of the Mortgagee Mortgagee, any other Permitted Liens and for crew’s wages and salvage.

Appears in 1 contract

Samples: Credit Agreement (Gener8 Maritime, Inc.)

Prohibition of Liens. Neither the Shipowner, any charterer, the Master of the Vessel nor any other person has or shall have any right, power or authority to create, incur or permit to be placed or imposed or continued upon the Vessel, its freights, profits or hire any lien whatsoever other than this the Mortgage, this Deed, any other Permitted Liens (including, without limitation, the First Preferred Mortgage), and other liens in favor of the Mortgagee and for crew’s wages and salvage.

Appears in 1 contract

Samples: Credit Agreement (Gener8 Maritime, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!