Properties; Liens. The Company has good and marketable title to the contract for the construction of the Mortgaged Rig and 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 Other Loan Agreements. Except as described in Schedule 4.5, the Company owns, and such contract and equipment are 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)
Properties; Liens. The Company has good and marketable title to the contract for the construction of the Mortgaged Rig and 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 described in Schedule 4.54.5 or as permitted by this Agreement, the Company owns, and such contract and equipment are 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 contract for the construction of the Mortgaged Rig and 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 Agreements. Except as described specified in Schedule 4.54.5 or as permitted by this Agreement, the Company owns, Mortgaged Rig and such contract and equipment are owned, so owned free and clear of Liens.
Appears in 2 contracts
Samples: RBF Finance Co, R&b Falcon Corp
Properties; Liens. The Company has good and marketable title to the contract for the construction of the Mortgaged Rig and 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 Other Loan Agreements. Except as described specified in Schedule 4.54.5 or as permitted by this Agreement, the Company owns, Mortgaged Rig and such contract and equipment are owned, 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)
Properties; Liens. The Company has good and marketable title to the contract for the construction of the Mortgaged Rig and 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 described specified in Schedule 4.54.5 or as permitted by this Agreement, the Company owns, Mortgaged Rig and such contract and equipment are owned, 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)
