NOTICE OF MORTGAGE definition

NOTICE OF MORTGAGE. This Ship is subject to a first priority mortgage in favour of FORTIS BANK (NEDERLAND) N.V. of Coolsingel 93, 3012 AE Rotterdam, The Netherlands. Undex xxx xxxx xxxxxxxx, xxxxxxx xxx Xxxxx xxx xxx xxxxxxxxx nor the Master of this Ship has any right, power or authority to create, incur or permit to be imposed upon this Ship any commitments or encumbrances whatsoever other than for crew's wages and salvage" and in terms of the said notice it is hereby agreed that save and subject as otherwise herein provided, neither the Owner nor the Charterer nor any other charterer nor the Master of the Ship nor any other person has any right, power or authority to create, incur or permit to be imposed upon the Ship any lien whatsoever other than for crew's wages and salvage;

NOTICE OF MORTGAGE. This Ship is subject to a first preferred mortgage in favour of [here insert name of Mortgagee] of [here insert address of Mortgagee]. Under the said mortgage, neither the Owner nor any charterer nor the Master of this Ship has any right, power or authority to create, incur or permit to be imposed upon this Ship any commitments or encumbrances whatsoever other than for crew's wages and salvage" and in terms of the said notice it is hereby agreed that save and subject as otherwise herein provided, neither the Owner nor the Charterer nor any other charterer nor the Master of the Ship nor any other person has any right, power or authority to create, incur or permit to be imposed upon the Ship any lien whatsoever other than for crew's wages and salvage;

NOTICE OF MORTGAGE. This Vessel is covered by a Preferred Ship Mortgage given to the United States of America, under authority of the Ship Mortgage Act, 1920, as amended. Under the terms of said Mortgage, neither the owner of this Vessel, any charterer, the Master of this Vessel, nor any other person has any right, power, or authority to create, incur, or permit to be imposed upon the Vessel any liens, maritime or 62 Initial otherwise, other than the lien of said Mortgage and liens for crew’s wages, emergency safety repairs, or salvage.”

Examples of NOTICE OF MORTGAGE in a sentence

• The Charterers keep prominently displayed in the chart room and in the master’s cabin of the Vessel a framed printed notice (the print on which shall measure at least six inches by nine inches) reading as follows:- NOTICE OF MORTGAGE This Vessel is owned by Bright Carrier S.A. and is subject to a first preferred mortgage in favour of THE SAN-IN GODO BANK, LTD.

• The Charterers keep prominently displayed in the chart room and in the master’s cabin of the Vessel a framed printed notice (the print on which shall measure at least six inches by nine inches) reading as follows:- NOTICE OF MORTGAGE This Vessel is owned by MI-DAS LINE S.A. and is subject to a first preferred mortgage in favour of The San-In Godo Bank, Ltd.

• Mortgagor will also place and keep prominently displayed on the Vessel a framed printed notice in plain type of such size that the paragraph of reading matter shall cover a space of not less than six inches wide by nine inches high (or such other dimensions as may be required by law) reading as follows: "NOTICE OF MORTGAGE This Vessel is owned by Noble Drilling (Paul Xxxxxx) Xxc.

• The Shipowner will place and keep prominently displayed in the chart room and in the Master's cabin on the Vessel a framed printed notice in plain type reading as follows: NOTICE OF MORTGAGE THIS VESSEL IS OWNED BY [SHIPOWNER], AND IS SUBJECT TO A FIRST PREFERRED MORTGAGE IN FAVOR OF CHRISTIANIA BANK OG KREDITKASSE ASA, NEW YORK BRANCH, AS TRUSTEE/MORTGAGEE UNDER AUTHORITY OF TITLE 22 OF THE LIBERIAN CODE OF LAWS OF 1956, AS AMENDED.

• NOTICE OF MORTGAGE FORECLOSURE SALEPUBLIC NOTICETHE RIGHT TO VERIFICATION OF THE DEBT AND IDENTITY OF THE ORIGINAL CREDITOR WITHIN THE TIME PROVIDED BY LAW IS NOT AF- FECTED BY THIS ACTION.NOTICE IS HEREBY GIVEN that default has occurred in the conditions of the following described mortgage:DATE OF MORTGAGE: January 13, 2020ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $15,000.00MORTGAGOR(S): Norby C.

More Definitions of NOTICE OF MORTGAGE

NOTICE OF MORTGAGE. This Ship is subject to a first priority statutory Maltese mortgage and deed of covenant in favour of KfW IPEX-BANK GmbH of Xxxxxxxxxxxxxxxxxxx 0-0, X-00000 Xxxxxxxxx xx Xxxx, Xxxxxxx. Under the said mortgage and related documents, neither the Owner nor any charterer nor the Master of this Ship has any right, power or authority to create, incur or permit to be imposed upon this Ship any commitments or encumbrances whatsoever other than for crew’s wages and salvage” and in terms of the said notice it is hereby agreed that save and subject as otherwise herein provided, neither the Owner nor the Charterer nor any other charterer nor the Master of the Ship nor any other person has any right, power or authority to create, incur or permit to be imposed upon the Ship any lien whatsoever other than for crew’s wages and salvage; and

NOTICE OF MORTGAGE. This Vessel is owned by [OWNER] (the “Owner”) and is subject to a first preferred mortgage (the “First Mortgage”) in favor of Xxxxx Trustee Services Limited, as security trustee and mortgagee, under the authority of Chapter 3 of the Maritime Act 1990 of the Republic of the Xxxxxxxx Islands, as amended. Under the terms of the First Mortgage, neither the Owner nor any charterer nor the Master of this Vessel nor any other person has any power, right or authority whatever to create, incur or permit to be imposed upon this Vessel any lien or encumbrance except for crew’s wages and salvage.”

NOTICE OF MORTGAGE. This vessel is covered by a First Preferred Ship Mortgage given to the United States of America, under authority of the Ship Mortgage Act, 1920, as amended. Under the terms of said Mortgage, neither the owner of this vessel, any charterer, the Master of this vessel, nor any other person has any right, power, or authority to create, incur, or permit to be imposed upon the vessel any liens, maritime or otherwise, other than the lien of said Mortgage and liens for crew's wages, for wages of a stevadore when employed directly by the owner, the operator, master or agent of this vessel, for salvage, or the extent there are liens subordinate to the Mortgage, other liens incident to current operation for repairs "

NOTICE OF MORTGAGE. This Ship is subject to a first mortgage in favour of [here insert name of mortgagee] of [here insert address of mortgagee]. Under the said mortgage and related documents, neither the Owner nor any charterer nor the Master of this Ship has any right, power or authority to create, incur or permit to be imposed upon this Ship any commitments or encumbrances whatsoever other than for crew’s wages and salvage”. 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 for crew’s wages and salvage.

NOTICE OF MORTGAGE. A [ ]% undivided interest in this vessel is owned by EEX, Inc. and is covered by a First Priority Naval Mortgage dated as of ________ in favor of The Bank of New York, as Mortgagee. Said mortgage provides that no person shall create, incur or permit to be placed or imposed upon this vessel any lien or encumbrance whatsoever except as expressly permitted therein. A copy of said mortgage is carried on this vessel and must be exhibited on demand to any person having business with this vessel." Such notice shall be changed to reflect the identity of any successor Indenture Trustee. EEX shall not take any action or omit to take any action that would (i) cause the Platform to cease to be documented as a vessel pursuant to the laws of the Republic of Panama, (ii) cause the Ship Mortgage on the Platform to cease to be a first priority naval mortgage under the laws of the Republic of Panama or (iii) cause the Platform to cease to be entitled to the same classification that the Platform had from the Classification Society on the Closing Date (subject to any reduction in classification and rating resulting from the age of the Platform).

NOTICE OF MORTGAGE. Certain furniture, fixtures and equipment located on this vessel are covered by a Vessel Chattel Mortgage recorded pursuant to the Ship Mortgage Act of 1920 as set forth in 313 of 46 U.S.C., as amended in favor of FINOVA CAPITAL CORPORATION, Paramus, New Jersey. Under the terms of said Mortgage, neither the owner of this Vessel, nor anyone on the owner's, nor the Master of this Vessel has any right, power or authority to

NOTICE OF MORTGAGE. This Ship is subject to a First Mortgage in favour of Mizuho Bank, Ltd., of Mizuho House, 00 Xxx Xxxxxx, London, EC4M 7AU, United Kingdom. Under the said mortgage and related documents, neither the Owner nor any charterer nor the Master of this Ship has any right, power or authority to create, incur or permit to be imposed upon this Ship any commitments or encumbrances whatsoever other than for crew’s wages and salvage”. 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 for crew’s wages and salvage.