Common use of Registration and Encumbrances Clause in Contracts

Registration and Encumbrances. is registered in the name of the relevant Collateral Guarantor through the relevant Registry under the laws and flag of the relevant Flag State and that such Collateral Ship and its Earnings, Insurances and Requisition Compensation are free of Encumbrances; and

Appears in 2 contracts

Samples: Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (Quintana Shipping Ltd.)

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Registration and Encumbrances. is registered in the name of the relevant Collateral Guarantor Owner through the relevant Registry under the laws and flag of the relevant Flag State and that such the Collateral Ship and its Earnings, Insurances and Requisition Compensation (each as defined in the Collateral General Assignment) are free of Encumbrances; andEncumbrances (other than those created by the First Mortgage Documents (as defined in the Collateral General Assignment));

Appears in 1 contract

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.)

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

Appears in 1 contract

Samples: Junior Loan Agreement (FreeSeas Inc.)

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