Evidence of Borrower. s title Evidence that on the Drawdown Date (i) the Vessel will be at least provisionally registered under the flag stated in Recital (A) in the ownership of the Borrower and (ii) the Mortgage will be capable of being registered against the Vessel with first priority.
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Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Credit Facility Agreement (Safe Bulkers, Inc.), Loan Agreement (DryShips Inc.)
Evidence of Borrower. s title Evidence that on the Drawdown Delivery Date (i) the Vessel will be at least provisionally registered under the flag stated in Recital Preliminary (A) in the ownership of the Borrower and (ii) the Mortgage will be capable of being registered against the Vessel with first priority.
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Evidence of Borrower. s title Evidence that on the Drawdown Date (i) the Vessel will be at least provisionally is permanently registered under the flag stated in Recital (A) in the ownership of the Borrower and (ii) the its Mortgage will be capable of being registered against the Vessel with first prioritypriority and that arrangements for refinancing the existing indebtedness referred to in Recital (B) have been made.
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Samples: Loan Agreement (Danaos Corp)
Evidence of Borrower. s title Evidence that on the Drawdown Date (i) the Vessel will be at least provisionally registered under the flag stated in Recital (A) a Pre-Approved Flag in the ownership of the Borrower and (ii) the Mortgage will be capable of being registered against the Vessel with first priority.
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