Properties; Liens. The Company has good and marketable title to the Mortgaged Rig and the Other Mortgaged Rigs to the extent specified in the Other Loan Agreements. Except as permitted by this Agreement, the Mortgaged Rig is so owned free and clear of Liens.
Appears in 8 contracts
Samples: Senior Secured Loan Agreement (R&b Falcon Corp), Senior Secured Loan Agreement (R&b Falcon Corp), Senior Secured Loan Agreement (RBF Finance Co)
Properties; Liens. The Company has good and marketable title to the Mortgaged Rig and the Other Mortgaged Rigs to the extent specified in the such Other Loan Agreements. Except as permitted by this Agreement, the Mortgaged Rig is so owned free and clear of Liens.
Appears in 2 contracts
Samples: Senior Secured Loan Agreement (RBF Finance Co), Senior Secured Loan Agreement (R&b Falcon Corp)
Properties; Liens. The Company has good and marketable title to the Mortgaged Rig Rig, the equipment purchased and paid for by the Company to be installed or used thereon and the Other Mortgaged Rigs to the extent specified in the such Other Loan AgreementsAgreement. Except as specified in Schedule 4.5 or as permitted by this Agreement, the Mortgaged Rig is and such equipment are so owned free and clear of Liens.
Appears in 2 contracts
Samples: Senior Secured Loan Agreement (R&b Falcon Corp), Senior Secured Loan Agreement (RBF Finance Co)
