Clauses 29 Clause Samples
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Clauses 29. 6.1 and 29.6.2 will override any appropriation made by a Security Party.
Clauses 29. 8.1 and 29.8.2 above will override any appropriation made by an Obligor.
Clauses 29. 1.1 and 29.1.2 above do not apply to any Security Interest or (as the case may be) Quasi-Security, listed below:
(a) those granted or expressed to be granted by any of the Security Documents; and
(b) in relation to a Mortgaged Ship, Permitted Liens.