Common use of Title to Vessel Clause in Contracts

Title to Vessel. Pursuant to a guarantee trust agreement dated December 21, 2009 (the “Guarantee Trust Agreement”), between, among others, the Vessel Owning Subsidiary and BNYM, as trustee, title to the Vessel has been transferred to BNYM and the Vessel Owning Subsidiary has retained the beneficial ownership of the Vessel. Pursuant to the Financial Lease Agreement, Arrendadora has registered the Vessel under Mexican flag.

Appears in 2 contracts

Samples: Share Purchase Agreement (Capital Product Partners L.P.), Share Purchase Agreement (Capital Product Partners L.P.)

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