Vessel Liens. The Facility Agent shall have received evidence satisfactory to it and xx xxx xegal advisor that, save for the liens created by the Mortgage and the Assignments, there are no liens, charges or encumbrances of any kind whatsoever on the Vessel or on its earnings except as permitted hereby or by any of the Security Documents.
Appears in 2 contracts
Samples: Loan Agreement (International Shipholding Corp), Facility Agreement (International Shipholding Corp)
Vessel Liens. The Facility Agent shall have received evidence satisfactory to it and xx xxx xegal to its legal advisor that, save for the liens created by the relevant Mortgage and the relevant Assignments, there are no liens, charges or encumbrances of any kind whatsoever on the Vessel being delivered or on its earnings except as permitted hereby or by any of the Security Documents.
Appears in 2 contracts
Samples: Senior Secured Loan Facility Agreement (International Shipholding Corp), Senior Secured Loan Facility Agreement (International Shipholding Corp)
Vessel Liens. The Facility Agent shall have received evidence satisfactory to it and xx xxx xegal to its legal advisor that, save for the liens created by the Mortgage and the Assignments, that there are no liens, charges or encumbrances of any kind whatsoever on each of the Vessel or on its earnings except Vessels being delivered in connection with such Advance, save for the liens created by the Mortgage, the Senior Mortgages and as permitted hereby or by any of the Security Documents.;
Appears in 1 contract
Samples: Restatement of Loan Agreement (Gulfmark Offshore Inc)
Vessel Liens. The Facility Agent shall have received evidence satisfactory to it and xx xxx xegal to its legal advisor that, save for the liens created by the Mortgage Mortgages and the Assignments, there are no liens, charges or encumbrances of any kind whatsoever on any of the Vessel Vessels or on its their respective earnings except as permitted hereby or by any of the Security Documents.; and
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Vessel Liens. The Facility Agent shall have received evidence satisfactory to it and xx xxx xegal to its legal advisor that, save for the liens created by the Mortgage Mortgages and the Assignments, there are no liens, charges or encumbrances of any kind whatsoever on any of the Vessel Vessels or on its their respective earnings except as permitted hereby or by any of the Security Documents.
Appears in 1 contract
Vessel Liens. The the Facility Agent shall have received evidence satisfactory to it and xx xxx xegal to its legal advisor that, save for the liens created by the Mortgage Mortgages and the Assignments, there are no liens, charges or encumbrances of any kind whatsoever on each of the Vessel Vessels owned by the Borrower or on its their respective earnings except as permitted hereby or by any of the Security Documents.; and
Appears in 1 contract
Samples: Secured Credit Facility Agreement (Teekay Shipping Corp)
Vessel Liens. The Facility Agent shall have received evidence satisfactory to it and xx xxx xegal to its legal advisor that, save for the liens created by the relevant Mortgage and the relevant Assignments, there are no liens, charges or encumbrances of any kind whatsoever on any of the Vessel Vessels or on its their earnings except as permitted hereby or by any of the Security Documents.
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Vessel Liens. The Facility Agent shall have received evidence satisfactory to it and xx xxx xegal to its legal advisor that, save for the liens created by the relevant Mortgage and the relevant Assignments, there are no liens, charges or encumbrances of any kind whatsoever on the Vessel Newbuilding or on its earnings except as permitted hereby or by any of the Security Documents.
Appears in 1 contract
Samples: Senior Secured Term Loan Facility Agreement (International Shipholding Corp)
Vessel Liens. The Facility Agent shall have received evidence satisfactory to it and xx xxx xegal to its legal advisor that, save for the liens created by the its Mortgage or Mortgages (as applicable) and the related Assignments, there are no liens, charges or encumbrances of any kind whatsoever on the relevant Vessel or on its earnings except as permitted hereby or by any of the Security Documents.
Appears in 1 contract
Samples: Senior Secured Term Loan Facility Agreement (International Shipholding Corp)