Common use of Conveyance on default Clause in Contracts

Conveyance on default. where a Vessel is (or is to be) sold in exercise of any power conferred on the Lender, execute, forthwith upon request by the Lender, such form of conveyance of that Vessel as the Lender may require;

Appears in 1 contract

Samples: Agreement (Imperial Petroleum Inc./Marshall Islands)

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Conveyance on default. where a the Vessel is (or is to be) sold in exercise of any power conferred on the Lender, execute, forthwith upon request by the Lender, such form of conveyance of that the Vessel as the Lender may require;

Appears in 1 contract

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.)

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Conveyance on default. where a the Vessel is (or is to be) sold in exercise of any power conferred on the LenderBank, execute, forthwith upon request by the LenderBank, such form of conveyance of that the Vessel as the Lender Bank may require;

Appears in 1 contract

Samples: Loan Agreement (NewLead Holdings Ltd.)

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