LAWFULLY SEIZED. The Borrower is lawfully seized of the Mortgaged Property and has good right, full power, and lawful authority to sell and convey the same in the manner above provided, and will warrant and defend the same to the Lender forever against the lawful claims and demands of any and all parties whatsoever.
Appears in 2 contracts
Sources: Funding Agreement, Funding Agreement
LAWFULLY SEIZED. The Borrower is lawfully seized of the Mortgaged Property and has good right, full power, and lawful authority to sell and convey the same in the manner above provided, and will warrant and defend the same to the Lender forever against the lawful claims and demands of any and all parties whatsoeverwhatsoever other than the Superior Mortgages and any other permitted encumbrances.
Appears in 1 contract
Sources: Funding Agreement
LAWFULLY SEIZED. The Borrower is lawfully seized of the Mortgaged Property and has good right, full power, and lawful authority to sell and convey the same in the manner above provided, and will warrant and defend the same to the Lender forever against the lawful claims and demands of any and all parties whatsoeverwhatsoever other than the Superior Mortgages.
Appears in 1 contract
Sources: Purchase and Sale Agreement
LAWFULLY SEIZED. The Borrower is lawfully seized of the Mortgaged Property and has good right, full power, and lawful authority to sell and convey the same in the manner above provided, and will warrant and defend the same to the Lender forever against the lawful claims and demands of any and all parties whatsoever.
Appears in 1 contract
Sources: Ship Funding Agreement