Examples of Maritime lien in a sentence
Any Security Interest (other than a Permitted Maritime Lien) in respect of Charged Property becomes enforceable.
No-one will have any right, power or authority to create, incur or permit to be imposed upon the Ship any lien whatsoever other than a Permitted Maritime Lien.
Permitted Security Interests means, in relation to any Charged Property, any Security Interest over it which is:(a) granted by the Finance Documents; or (b) a Permitted Maritime Lien; or (c) is approved by the Majority Lenders.
No one will have any right, power or authority to create, incur or permit to be imposed upon the Ship any lien whatsoever other than a Permitted Maritime Lien.
Any Security Interest (other than a Permitted Maritime Lien) in respect of Collateral becomes enforceable, unless any such Security Interest is being contested in good faith and by appropriate proceedings or other acts and the relevant Obligor has provided security acceptable to the Administrative Agent (acting reasonably on the instructions of the Required Lenders) to the extent necessary to prevent the enforcement, arrest, attachment, seizure or forfeiture in respect of such Collateral.