Common use of Purposes of further assurances Clause in Contracts

Purposes of further assurances. Those purposes are: (a) validly and effectively to create any Security Interest or right of any kind which the Lender intended should be created by or pursuant to this Deed or any other Finance Document; (b) to create a specific mortgage or assignment of any particular Assigned Property or otherwise to vest in the Lender the title to any particular Assigned Property; (c) to protect the priority, or increase the effectiveness, in any jurisdiction of any Security Interest which is created, or which the Lender intended should be created, by or pursuant to this Deed or any other Finance Document; (d) to enable or assist the Lender or a Receiver to sell or otherwise deal with any of Assigned Property to transfer title to, or grant any interest or right relating to, any Assigned Property or to exercise any power which is referred to in Clause 11.1 above or which is conferred by any Finance Document; (e) to enable or assist the Lender to enter into any transaction to commence, defend or conduct any proceedings and/or to take any other action relating to any Assigned Property in any country or under the law of any country.

Appears in 2 contracts

Samples: Supplemental Agreement (TBS International PLC), Supplemental Agreement (TBS International PLC)

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Purposes of further assurances. Those purposes are: (a) validly and effectively to create any Security Interest Lien or right of any kind which the Lender Security Trustee intended should be created by or pursuant to this Deed or any other Finance Loan Document; (b) to create a specific mortgage or assignment of any particular Assigned Property or otherwise to vest in the Lender Security Trustee the title to any particular Assigned Property; (c) to protect the priority, or increase the effectiveness, in any jurisdiction of any Security Interest Lien which is created, or which the Lender Security Trustee intended should be created, by or pursuant to this Deed or any other Finance Loan Document; (d) to enable or assist the Lender Security Trustee or a Receiver to sell or otherwise deal with any of Assigned Property Property, to transfer title to, or grant any interest or of right relating to, any Assigned Property or to exercise any power which is referred to in Clause 11.1 7.1 above or which is conferred by any Finance Loan Document; (e) to enable or assist the Lender Security Trustee to enter into any transaction to commence, defend or conduct any proceedings and/or to take any other action relating to any Assigned Property in any country or under the law of any country.

Appears in 1 contract

Samples: Credit Agreement (Dynagas LNG Partners LP)

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Purposes of further assurances. Those purposes are: (a) validly and effectively to create any Security Interest or right of any kind which the Lender Issuer intended should be created by or pursuant to this Deed or any other Finance Document; (b) to create a specific mortgage or assignment of any particular Assigned Property or otherwise to vest in the Lender Issuer the title to any particular Assigned Property; (c) to protect the priority, or increase the effectiveness, in any jurisdiction of any Security Interest which is created, or which the Lender Issuer intended should be created, by or pursuant to this Deed or any other Finance Document; (d) to enable or assist the Lender Issuer or a Receiver to sell or otherwise deal with any of Assigned Property Property, to transfer title to, or grant any interest or right relating to, any Assigned Property or to exercise any power which is referred to in Clause 11.1 7.1 above or which is conferred by any Finance Document; (e) to enable or assist the Lender Issuer to enter into any transaction to commence, defend or conduct any proceedings and/or to take any other action relating to any Assigned Property in any country or under the law of any country.

Appears in 1 contract

Samples: Guarantee Facility Agreement (TBS International LTD)

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