Common use of Repairers’ liens Clause in Contracts

Repairers’ liens. not without the prior written consent of the Mortgagee to put the Ship into the possession of any person for the purpose of work being done upon her in an amount exceeding or likely to exceed the Casualty Amount unless such person shall first have given to the Mortgagee in terms satisfactory to it, a written undertaking not to exercise any lien on the Ship or her Earnings for the cost of such work or otherwise;

Appears in 4 contracts

Samples: On Delivery Facility Agreement (Paragon Shipping Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.), Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

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Repairers’ liens. not without the prior written previous consent in writing of the Mortgagee to put the Ship Vessel into the possession of any person entity or individual for the purpose of work being done upon her in an amount exceeding or likely to exceed the Major Casualty Amount unless such person entity or individual shall first have given to the Mortgagee and in terms satisfactory to it, it a written undertaking not to exercise any lien on the Ship Vessel or her Earnings for the cost of such work or otherwise;

Appears in 1 contract

Samples: Deed of Covenants (FreeSeas Inc.)

Repairers’ liens. not without the prior written consent of the Mortgagee not to be unreasonably withheld to put the Ship into the possession of any person for the purpose of work being done upon her in an amount exceeding or likely to exceed the Casualty Amount unless such person shall first have given to the Mortgagee in terms satisfactory to it, a written undertaking not to exercise any lien on the Ship or her the Earnings for the cost of such work or otherwise;

Appears in 1 contract

Samples: On Delivery Buyer Credit Facility Agreement (DryShips Inc.)

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Repairers’ liens. not without the prior written previous consent in writing of the Mortgagee to put the Ship Vessel into the possession of any person entity or individual for the purpose of work being done upon her in an amount exceeding or likely to exceed the Major Casualty Amount Amount, unless such person entity or individual shall first have given to the Mortgagee and in terms satisfactory to it, it a written undertaking not to exercise any lien on the Ship Vessel or her Earnings for the cost of such work or otherwise;

Appears in 1 contract

Samples: Second Preferred Mortgage (FreeSeas Inc.)

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