Registration of the Mortgage. The parties hereby confer a special power of attorney with the right of substitution upon Messrs. Vives y Asociados, lawyers in the City of Panama, with its office at Xxxxxxxx XX Building, Floor 8, Xxxxxxx X. xx Xxxxx Street, Panama City, Republic of Panama, empowering them to take all necessary steps to record this mortgage deed in the appropriate registry in the Republic of Panama.
Registration of the Mortgage. The parties hereby confer a special power of attorney with the right of substitution upon [ ].
Registration of the Mortgage. (a) The Guarantor undertakes to fulfil, on its expense, the formalities for the registration of the Mortgage established under the Mortgage Agreement (including Bank’s control on the Bank Accounts in accordance with Article 2410 of the Romanian Civil Code) with the Electronic Archive, shareholders’ register kept by the relevant company, the Central Depository or any other register company, the register of Government bonds and any other register, in accordance with the legal provisions, and shall make available to the Bank the registration endorsement certified by the Electronic Archive operator that made the registration and a certified copy or an excerpt of the shareholders’ register or any other relevant register to certify the registration of the Mortgage.
(b) If the description of the Mortgaged Property which was initially registered with the Electronic Archive does not cover the Products of the Mortgaged Property (except for the amounts of money the origin of which can be traced), the Bank shall register, on the Guarantor’s expense, with the Electronic Archive, an amended registration endorsement within 15 days as of the date when the Guarantor obtained such Products, in order to maintain the rank of the Mortgage on such Products, in accordance with Article 2412 of the Romanian Civil Code.
(c) In case of any discrepancies between the information in the registration endorsement registered with the Electronic Archive and the information in these GCS and the Mortgage Agreement, the information in these GCS and the Mortgage Agreement shall prevail.
(d) The Guarantor hereby acknowledges and agrees that the Bank shall have the right (but not the obligation), without notifying the Guarantor, to submit, amend or renew the registration endorsement with the Electronic Archive, and/or to send any or all notices or registrations with any competent register and to take any measures permitted by the law in order to make sure that the Mortgage established under the Mortgage Agreement is and continues to be a valid and legal Movable Mortgage, fully binding on and enforceable against the Guarantor and third parties. The Guarantor authorizes the Bank to debit its current account with the value of these registration expenses.
(e) If all Secured Obligations are fully and permanently satisfied, the Bank undertakes to deregister the Mortgage from the Electronic Archive, within no more than 10 days as of the date of the full and permanent satisfaction of all the Secured Obl...
Registration of the Mortgage. The Facility Agent shall have received satisfactory evidence that the Mortgage has been duly registered under the laws of the United States of America and constitutes a first priority mortgage lien under the laws of the United States.
Registration of the Mortgage. The Facility Agent shall have received satisfactory evidence that the Mortgage has been duly registered under the laws of the Republic of the Xxxxxxxx Islands and constitutes a first preferred mortgage lien under the laws of the Republic of the Xxxxxxxx Islands.
Registration of the Mortgage to take all steps necessary to cause the Mortgage to be permanently registered with the relevant authorities of the Flag State as a valid and perfected Mortgage; to maintain the Mortgage as a valid and perfected Mortgage and agrees, upon the request of the Lender, to execute and deliver every document, agreement or instrument and to do every act or thing necessary or desirable to establish or maintain the Mortgage as a security interest in the Vessel under the laws of the Flag State;
Registration of the Mortgage. The Facility Agent shall have received satisfactory evidence that the Mortgage on the Newbuilding has been duly registered under the laws of Panama and constitutes a first priority mortgage lien under the laws of such jurisdiction and a foreign “preferred mortgage” under Chapter 313 of Title 46 of the United States Code (46 U.S.C. §§ 31301 et seq.).
Registration of the Mortgage. The Facility Agent shall have received satisfactory evidence that the Mortgage on the BULK AUSTRALIA has been duly registered under the laws of the Republic of Liberia and constitutes a first priority mortgage lien under the laws of such jurisdiction and a foreign “preferred mortgage” under Chapter 313 of Title 46 of the United States Code (46 U.S.C. §§ 31301 et seq.).
Registration of the Mortgage. In case mortgage need to be registered according to laws and agreement of both parties, the mortgagor shall start going through the formalities for the mortgage registration within 15 days after the signature of this contract. The mortgagee shall provide necessary assistance in the formalities of the registration. In case the registration information has experienced any changes necessary to update the registration, the mortgagor shall go through the necessary change registration to the competent registration authority within 15 days upon the changes of such information and the mortgagee shall provide all necessary assistance in such registration changes.
Registration of the Mortgage. The Facility Agent shall have received satisfactory evidence that the Mortgage or Mortgages (as applicable) on the respective Vessel has been duly registered under the laws of the United States of America or Panama (as applicable) and, except for the second priority Panamanian mortgage over the ASIAN KING, constitutes a first priority mortgage lien under the laws of such jurisdiction and a foreign "preferred mortgage" under Chapter 313 of Title 46 of the United States Code (46 U.S.C. §§ 31301 et seq.).
