No third party Security Interests. Without limiting the generality of Clause 10.6, at the time of the execution and delivery of each Finance Document:
(a) the Borrower will have the right to create all the Security Interests which that Finance Document purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
No third party Security Interests. Without limiting the generality of Clause 10.6 (Legal validity), at the time of the execution and delivery of this Guarantee and any other Security Document to which the Guarantor is a party:
(a) the Guarantor will have the right to create all the Security Interests which such Security Documents purport to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
No third party Security Interests. Without limiting the generality of Clause 10.6 (Legal validity; pari passu ranking; effective Security Interests), at the time of the execution and delivery of each Finance Document:
(a) each Borrower will have the right to create all the Security Interests which the Finance Documents to which it is a party purports to create; and
(b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.
No third party Security Interests. Without limiting the generality of Clauses 10.5 and 10.6, at the time of the execution and delivery of each Finance Document:
No third party Security Interests. As at the time of delivery of the Ship to the Bareboat Charterer no third party has any Security Interest or any other right, interest or claim over, in or in relation to any Assigned Contracts to which the Owner is a party except for Permitted Security Interests.
No third party Security Interests. At the time of execution and delivery of this Agreement and the Security Documents:
(a) the Borrower will have the right to create all the Security Interests which the Security Documents purport to create; and
(b) no third party will have any Security Interest or any interest, right of claim over, in or in relation to, any asset to which any such Security Interest, by its terms, relates.
No third party Security Interests. No third party has any Security Interest or any other right, interest or claim over, in or in relation to any Assigned Contract.
No third party Security Interests. Without limiting the generality of Clause 6.5:
(a) the Bareboat Charterer has the right to create all the Security Interests which under this Deed it purports to create; and
(b) no third party has any Security Interest or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates except for Permitted Security Interests.
No third party Security Interests. Without limiting the generality of Clause 7.5:
(a) Pacific Rim has the right to create all the Security Interests which under this Deed it purports to create; and
(b) no third party has any Security Interest or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates except for Permitted Security Interests.
No third party Security Interests. Without limiting the generality of Clause 8.5:
(a) TBS Worldwide has the right to create all the Security Interests which under this Deed it purports to create; and
(b) no third party has any Security Interest or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates except for Permitted Security Interests.
