Common use of Vessel Liens Clause in Contracts

Vessel Liens. the Administrative Agent shall have received evidence satisfactory to it and to its legal advisor that, save for the liens created by the Mortgage and the Assignments relating to each Vessel, there are no liens, charges or encumbrances of any kind whatsoever on such Vessel or on its earnings except as permitted hereby or by any of the Security Documents;

Appears in 2 contracts

Samples: Credit Facility Agreement (Top Tankers Inc.), Credit Facility Agreement (Top Tankers Inc.)

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Vessel Liens. the Administrative Agent shall have received evidence satisfactory to it and to its legal advisor that, save for the liens created by the Mortgage and the Assignments relating to each the Vessel, there are no liens, charges or encumbrances of any kind whatsoever on such the Vessel or on its earnings except as permitted hereby or by any of the Security Documents;

Appears in 1 contract

Samples: Loan Agreement (B Plus H Ocean Carriers LTD)

Vessel Liens. the Administrative Agent shall have received evidence satisfactory to it and to its legal advisor that, save for the liens created by the Mortgage and the Assignments relating to each such Vessel, there are no liens, charges or encumbrances of any kind whatsoever on such Vessel or on its earnings except as permitted hereby or by any of the Security Documents;

Appears in 1 contract

Samples: Senior Secured Term Credit Facility Agreement (Top Ships Inc.)

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Vessel Liens. the The Administrative Agent shall have received evidence satisfactory to it and to its legal advisor that, save for the liens created by the Ship Mortgage and the Assignments relating to each VesselAssignments, there are no liens, charges or encumbrances of any kind whatsoever on such Vessel or on its earnings any of the Vessels except as permitted hereby or by any of the Security Documents;.

Appears in 1 contract

Samples: Loan Agreement (Crowley Maritime Corp)

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