Common use of Title and no Encumbrances Clause in Contracts

Title and no Encumbrances. (a) evidence that the transfer of title to the Ship relevant to such Advance from the Seller to the relevant Borrower has been duly recorded with the relevant Registry and there are no Encumbrances (other than Permitted Encumbrances); and

Appears in 2 contracts

Samples: Supplemental Agreement (Quintana Shipping Ltd.), Master Swap Agreement (Quintana Shipping Ltd.)

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Title and no Encumbrances. (a) evidence that the transfer of title to the Ship relevant to such which the Relevant Advance relates from the Seller Builder to the relevant Borrower has been duly recorded with the relevant Registry and there are no free from Encumbrances (other than Permitted Encumbrances); and;

Appears in 2 contracts

Samples: Facility Agreement (Costamare Partners LP), Facility Agreement (Costamare Partners LP)

Title and no Encumbrances. (a) evidence that the transfer of title to the Relevant Ship relevant to such Advance from the relevant Seller to the relevant Borrower pursuant to the relevant Contract has been duly recorded with the relevant Registry and there are no free from Encumbrances (other than Permitted Encumbrances); and;

Appears in 1 contract

Samples: Supplemental Agreement (Diana Shipping Inc.)

Title and no Encumbrances. (a) evidence that the transfer of title to the Ship relevant to such Advance from the Seller Builder to the relevant Borrower has been duly recorded with registered in the relevant Registry and there are no Encumbrances (other than Permitted Encumbrances); andfree of any Encumbrance;

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

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Title and no Encumbrances. (a) evidence that the transfer of title to the Ship relevant to such Delivery Advance from the Seller Builders to the relevant Borrower has been duly recorded with the relevant Registry and there are no Encumbrances (other than Permitted Encumbrances); and;

Appears in 1 contract

Samples: Agreement (Aegean Marine Petroleum Network Inc.)

Title and no Encumbrances. (a) evidence that the transfer of title to the Relevant Ship relevant to such Advance from the Seller Builder to the relevant Borrower has been duly recorded with registered in the relevant Registry and there are no Encumbrances free of any Encumbrance (other than Permitted Encumbrances); and;

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

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