Common use of Evidence of Owner’s title Evidence that on the Drawdown Clause in Contracts

Evidence of Owner’s title Evidence that on the Drawdown. Date (i) each of the Tranche A Vessels is registered under the flag stated in Schedule 2 in the ownership of the relevant Owner and (ii) each of the relevant Mortgages will be capable of being registered against the relevant Tranche A Vessel with first priority.

Appears in 3 contracts

Samples: Facility Agreement (Teekay Corp), Facility Agreement (Teekay Corp), Facility Agreement (Teekay Tankers Ltd.)

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Evidence of Owner’s title Evidence that on the Drawdown. Date (i) each of the Tranche A B Vessels is registered under the flag stated in Schedule 2 in the ownership of the relevant Owner and (ii) each of the relevant Mortgages will be capable of being registered against the relevant Tranche A B Vessel with first priority.

Appears in 3 contracts

Samples: Facility Agreement (Teekay Tankers Ltd.), Facility Agreement (Teekay Corp), Facility Agreement (Teekay Corp)

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