Common use of Recordation of Mortgage Clause in Contracts

Recordation of Mortgage. For the purpose of recording this Preferred Mortgage the total amount is Thirty Eight Million Five Hundred Thousand Dollars ($38,500,000) (exclusive of interest, expenses and fees) and interest and performance of mortgage covenants. The discharge amount is the same as the total amount and there is no separate discharge amount for the Vessel. It is not intended that this Mortgage shall include property other than the Vessel, and it shall not include property other than the Vessel as the term "vessel" is used in the Maritime Law. Notwithstanding the foregoing, for property other than the Vessel, if any should be determined to be covered by this Mortgage, the discharge amount is zero point zero one percent (0.01%) of the total amount.

Recordation of Mortgage. For the purpose of recording this First Preferred Mortgage the total amount is Thirty Eight Two Million Five Hundred Thousand Dollars ($38,500,00032,000,000) (exclusive of interest, expenses and fees) and interest and performance of mortgage covenants. The discharge amount is the same as the total amount and there is no separate discharge amount for the Vessel. It is not intended that this Mortgage shall include property other than the Vessel, and it shall not include property other than the Vessel as the term "“vessel" ” is used in the Maritime Law. Notwithstanding the foregoing, for property other than the Vessel, if any should be determined to be covered by this Mortgage, the discharge amount is zero point zero one percent (0.01%) of the total amount.

Recordation of Mortgage. For the purpose of recording this Preferred Mortgage the total amount is Thirty Eight Two Million Five Hundred Thousand Dollars ($38,500,00032,000,000) (exclusive of interest, expenses and fees) and interest and performance of mortgage covenants. The discharge amount is the same as the total amount and there is no separate discharge amount for the Vessel. It is not intended that this Mortgage shall include property other than the Vessel, and it shall not include property other than the Vessel as the term "“vessel" ” is used in the Maritime Law. Notwithstanding the foregoing, for property other than the Vessel, if any should be determined to be covered by this Mortgage, the discharge amount is zero point zero one percent (0.01%) of the total amount.

Recordation of Mortgage. For the purpose of recording this First Preferred Mortgage the total amount is Thirty Eight Million Five Hundred Thousand Dollars ($38,500,000) (exclusive of interest, expenses and fees) and interest and performance of mortgage covenants. The discharge amount is the same as the total amount and there is no separate discharge amount for the Vessel. It is not intended that this Mortgage shall include property other than the Vessel, and it shall not include property prope1iy other than the Vessel as the term "vessel" is used in the Maritime Law. Notwithstanding the foregoing, for property other than the Vessel, if any should be determined to be covered by this Mortgage, the discharge amount is zero point zero one percent (0.01%) of the total amount.

Recordation of Mortgage. For the purpose of recording this First Preferred Mortgage as required by the Maritime Law, the total amount is Thirty Eight Four Hundred and Eighty Million Five Hundred Thousand United States Dollars ($38,500,000) (exclusive of 480,000,000), plus interest, expenses and fees) and interest expenses, fees and performance of mortgage covenants. The discharge amount is the same as the total amount and there amount. The date of maturity is no separate discharge amount for the Vesselon demand. It is not intended that this Mortgage shall include property other than the Vessel, Vessel and it shall not include property other than the Vessel as the term "vessel" is used in the Maritime Law. Notwithstanding the foregoing, for property other than the Vessel, if any should be determined to be covered by this Mortgage, the discharge amount is zero point zero one percent (0.01%) of the total amount.