Common use of Title to Vessel Clause in Contracts

Title to Vessel. Except to the limited extent permitted under Section 2.11 of this Mortgage, Mortgagor shall continue to own and possess the whole of the Vessel free from all complaints in rem, libels, liens (maritime or otherwise), charges, claims, security interests, mortgages, pledges or other encumbrances of any kind or nature except in favor of Mortgagee. The Mortgagor hereby does and will forever warrant and defend the title and possession of the Vessel, and each part thereof, for the benefit of the Mortgagee, against any and all claims and demands whatsoever.

Appears in 2 contracts

Samples: First Preferred Ship Mortgage (Concorde Gaming Corp), First Preferred Ship Mortgage (Concorde Gaming Corp)

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Title to Vessel. Except to the limited extent permitted under Section 2.11 3.11 of this Mortgage, the Mortgagor shall continue to own and possess the whole of the Vessel free from all complaints in rem, libels, liens (maritime or otherwise), charges, claims, security interests, mortgages, pledges or other encumbrances of any kind or nature except in favor of Mortgageefor Permitted Liens. The Mortgagor hereby does and will forever warrant and defend the title and possession of the Vessel, and each part thereof, for the benefit of the Mortgagee, against any and all claims and demands whatsoever.

Appears in 2 contracts

Samples: Preferred Ship Mortgage (Trump Indiana Inc), First Preferred Ship Mortgage (Trump Indiana Inc)

Title to Vessel. Except to the limited extent permitted under Section 2.11 of this Mortgage, Mortgagor shall continue to own and possess the whole of the Vessel free from all complaints in rem, libels, liens (maritime or otherwise), charges, claims, security interests, mortgages, pledges or other encumbrances of any kind or nature (except in favor of Mortgagee). The Mortgagor hereby does and will forever warrant and defend the title and possession of the Vessel, and each part thereof, for the benefit of the Mortgagee, against any and all claims and demands whatsoever.

Appears in 1 contract

Samples: Preferred Ship Mortgage (Concorde Gaming Corp)

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Title to Vessel. Except to the limited extent permitted under Section --------------- 2.11 of this Mortgage, Mortgagor shall continue to own and possess the whole of the Vessel free from all complaints in rem, libels, liens (maritime or otherwise), charges, claims, security interests, mortgages, pledges or other encumbrances of any kind or nature except in favor of Mortgageefor Permitted Encumbrances. The Mortgagor hereby does and will forever warrant and defend the title and possession of the Vessel, and each part thereof, for the benefit of the Mortgagee, against any and all claims and demands whatsoever.

Appears in 1 contract

Samples: First Preferred Ship Mortgage (Trump Hotels & Casino Resorts Funding Inc)

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