Common use of Registration and Encumbrances Clause in Contracts

Registration and Encumbrances. is provisionally or permanently registered in the name of the Additional Owner under the laws and flag of the relevant Flag State through the relevant Registry and that the Additional Ship and its Earnings, Insurances and Requisition Compensation are free of Encumbrances;

Appears in 2 contracts

Samples: Facility Agreement (Freeseas Inc.), Supplemental Agreement (FreeSeas Inc.)

AutoNDA by SimpleDocs

Registration and Encumbrances. is provisionally or permanently registered in the name of the Additional Owner relevant Borrower under the laws and flag of the relevant Flag State through the relevant Registry and that the Additional Relevant Ship and its Earnings, Insurances and Requisition Compensation (each as defined in the relevant Ship Security Documents) are free of Encumbrances;

Appears in 2 contracts

Samples: Loan Agreement (DryShips Inc.), Loan Agreement (Diana Containerships Inc.)

Registration and Encumbrances. is permanently or provisionally or permanently registered in the name of the Additional Owner relevant Borrower under the laws and flag of the relevant Flag State through the relevant Registry and that the Additional such Ship and its Earnings, Insurances and Requisition Compensation (as defined in the relevant Ship Security Documents) are free of Encumbrances, unless permitted under this Agreement;

Appears in 2 contracts

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Second Supplemental Agreement (Seanergy Maritime Holdings Corp.)

Registration and Encumbrances. is provisionally or permanently registered in the name of the Additional relevant Owner under the laws and flag of the relevant Flag State through the relevant Registry and that the Additional such Relevant Ship and its Earnings, Insurances and Requisition Compensation are free of Encumbrances;

Appears in 2 contracts

Samples: Facility Agreement (Globus Maritime LTD), Facility Agreement (FreeSeas Inc.)

Registration and Encumbrances. is provisionally or permanently registered in the name of the Additional relevant Owner through the relevant Registry under the laws and flag of the relevant Flag State through the relevant Registry and that the Additional each Ship and its Earnings, Insurances and Requisition Compensation (each such term as defined in the relevant Ship Security Documents) are free of Encumbrances;

Appears in 2 contracts

Samples: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.)

Registration and Encumbrances. is provisionally or permanently registered in the name of the Additional relevant Owner through the relevant Registry under the laws and flag of the relevant Flag State through the relevant Registry and that the Additional such Ship and its Earnings, Insurances and Requisition Compensation (as defined in the relevant Ship Security Documents) are free of Encumbrances;

Appears in 1 contract

Samples: Facility Agreement (Aries Maritime Transport LTD)

AutoNDA by SimpleDocs

Registration and Encumbrances. is provisionally or permanently registered in the name of the Additional Owner Relevant Borrower under the laws and flag of the relevant Flag State through the relevant Registry and that the Additional such Relevant Ship and its Earnings, Insurances and Requisition Compensation (each as defined in the relevant Deed of Covenant) are free of Encumbrances;

Appears in 1 contract

Samples: Loan Agreement (Poseidon Containers Holdings Corp.)

Registration and Encumbrances. is permanently or provisionally or permanently registered in the name of the Additional Owner relevant Borrower under the laws and flag of the relevant Flag State through the relevant Registry and that the Additional such Ship and its Earnings, Insurances and Requisition Compensation (as defined in the relevant Ship Security Documents) are free of Encumbrances;

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Registration and Encumbrances. is provisionally or permanently registered in the name of the Additional relevant Owner under the laws and flag of the relevant Flag State through the relevant Registry and that the Additional First Ship and its Earnings, Insurances and Requisition Compensation are free of Encumbrances;

Appears in 1 contract

Samples: Facility Agreement (Globus Maritime LTD)

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