Common use of Representations and Covenants of the Shipowner Clause in Contracts

Representations and Covenants of the Shipowner. Section 1. (a) The Shipowner will pay the Indebtedness hereby secured and will observe, perform and comply with the covenants, terms and conditions herein and in the Loan Agreement and the Note on its part to be observed, performed or complied with.

Representations and Covenants of the Shipowner. Section 1. (a) The Shipowner will pay the Indebtedness hereby secured and will observe, perform and comply with the covenants, terms and conditions herein and in the Loan Agreement and the Note Guaranty, on its part to be observed, performed or complied with.