Common use of Title; negative pledge Clause in Contracts

Title; negative pledge. The Borrower shall hold the legal title to, and own the entire beneficial interest in each Ship, its Earnings and Insurances, free from all Security Interests and other interests and rights of every kind, except for those created by the Finance Documents and the effect of assignments contained in the Finance Documents and except for Permitted Security Interests; and

Title; negative pledge. The Borrower shall procure that each Owner (in the case of a New Ship, from the date of the delivery of that New Ship to the relevant Owner) shall hold the legal title to, and own the entire beneficial interest in each Shipthe Ship owned by it, its Earnings and Insurances, free from all Security Interests and other interests and rights of every kind, except for those created by the Finance Documents and the effect of assignments contained in the Finance Documents and except for Permitted Security Interests; and.

Title; negative pledge. The 10.2.1 Each Ship Owning Borrower shall hold the legal title to, and own the entire beneficial interest in each Shipthe Ship owned by it, its Earnings her Insurances and InsurancesEarnings, free from all Security Interests and other interests and rights of every kind, except for those created by the Finance Documents and the effect of assignments contained in the Finance Documents and except for Permitted Security Interests; and.

Title; negative pledge. The Borrower Each Obligor shall hold the legal title to, and own the entire beneficial interest in each Shipany Ship owned by that Obligor, its Earnings and Insurances, free from all Security Interests and other interests and rights of every kind, except for those created by the Finance Documents and the effect of assignments contained in the Finance Documents and except for Permitted Security Interests; andInterests Provided that an Initial Borrower may transfer any Ship owned by it to Euronav subject to the provisions of Clause 14.15 (Transfer of Ships).