Common use of Notice of Mortgage Clause in Contracts

Notice of Mortgage. The Borrower shall keep the Mortgage registered against the Ship as a valid first priority mortgage, carry on board the Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower to the Security Trustee.

Appears in 11 contracts

Samples: Loan Agreement (Euronav NV), Loan Agreement (GasLog Partners LP), Agreement (Euronav NV)

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Notice of Mortgage. The Each Borrower shall keep the Mortgage relative to its Ship registered against the that Ship as a valid first preferred or, as the case may be, priority mortgage, carry on board the that Ship a certified copy of the that Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security Trustee.

Appears in 9 contracts

Samples: Loan Agreement (Global Ship Lease, Inc.), Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP)

Notice of Mortgage. The Each Borrower shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority or preferred mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security Trustee.

Appears in 8 contracts

Samples: Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the Mortgage applicable to the Ship owned by it registered against the that Ship as a valid first priority or first preferred mortgage, carry on board the that Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the Borrower relevant Owner to the Security Trustee.

Appears in 7 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the Mortgage registered against the Ship owned by it as a valid first priority or, as the case may be, preferred mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the Borrower that Owner to the Security Trustee.

Appears in 6 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

Notice of Mortgage. The Each Borrower shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority or preferred mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s master's cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security TrusteeAgent.

Appears in 6 contracts

Samples: Assignment Agreement (Ardmore Shipping Corp), Assignment Agreement (Ardmore Shipping Corp), Assignment Agreement (Ardmore Shipping Corp)

Notice of Mortgage. The Each Borrower shall keep the Mortgage registered against the Ship owned by it as a valid first priority preferred mortgage, carry on board the that Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Mastermaster’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security TrusteeAgent.

Appears in 6 contracts

Samples: Facility Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)

Notice of Mortgage. The Each Borrower shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority or preferred mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security Trustee.

Appears in 6 contracts

Samples: Loan Agreement, Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Global Ship Lease, Inc.)

Notice of Mortgage. The Each Borrower shall keep the Mortgage relative to its Ship registered against the its Ship as a valid first priority or the case may be preferred mortgage, carry on board the that Ship a certified copy of the that Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security Trustee.

Appears in 5 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Containers Inc.), Loan Agreement (Navios Maritime Partners L.P.)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the Mortgage applicable to the Ship owned by it registered against the that Ship as a valid first priority or first preferred mortgage, carry on board the that Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the Borrower relevant Owner to the Security Trustee.

Appears in 5 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the Mortgage applicable to the Ship owned by it registered against the that Ship as a valid first priority or preferred mortgage, carry on board the Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower Owner to the Security Trustee.

Appears in 5 contracts

Samples: Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.), Agreement (DryShips Inc.)

Notice of Mortgage. The Each Borrower shall keep the Mortgage registered against the Ship owned by it as a valid first priority mortgage, carry on board the such Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the such Ship a framed printed notice stating that the such Ship is mortgaged by the relevant Borrower to the Security TrusteeLender.

Appears in 4 contracts

Samples: Loan Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

Notice of Mortgage. The Each Borrower shall keep the Mortgage registered against the Ship owned by it as a valid first priority mortgage, carry on board the that Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the such Ship is mortgaged by the that Borrower to the Security Trustee.

Appears in 4 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the Mortgage applicable to the Ship owned by it registered against the that Ship as a valid first priority or preferred mortgage, carry on board the Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower Owner to the Security Trustee.

Appears in 4 contracts

Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)

Notice of Mortgage. The Each Ship Owning Borrower shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Ship Owning Borrower to the Security TrusteeLender.

Appears in 4 contracts

Samples: Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)

Notice of Mortgage. The Borrower shall keep the Mortgage registered against the Ship as a valid first priority preferred mortgage, carry on board the Ship a certified copy Certified Copy or original of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s master's cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower to the Security TrusteeAgent.

Appears in 4 contracts

Samples: Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.), Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.), Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the Mortgage registered against the Ship owned by it as a valid first priority mortgagemortgage or preferred (as the case may be), carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the Borrower that Owner to the Security TrusteeLender.

Appears in 4 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)

Notice of Mortgage. The Each Borrower shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security Trustee.

Appears in 4 contracts

Samples: Loan Agreement, Agreement (Dynagas LNG Partners LP), Loan Agreement (Dynagas LNG Partners LP)

Notice of Mortgage. The Each Borrower shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority or preferred mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Mastermaster’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security TrusteeAgent.

Appears in 4 contracts

Samples: And Restatement Agreement (Ardmore Shipping Corp), Humber Shipco LLC (Ardmore Shipping Corp), Assignment Agreement (Dorian LPG Ltd.)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the Borrower that Owner to the Security TrusteeLenders.

Appears in 3 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Danaos Corp)

Notice of Mortgage. The Borrower shall procure that the Owner shall keep the Mortgage registered against the Ship as a valid first priority mortgage, carry on board the Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower Owner to the Security TrusteeLender.

Appears in 3 contracts

Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)

Notice of Mortgage. The Borrower shall keep the relevant Mortgage registered against the Ship as a valid first priority mortgage, carry on board the Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower to the Security Trustee.

Appears in 3 contracts

Samples: Loan Agreement (Product Shipping Ltd.), Loan Agreement (Product Shipping Ltd.), Loan Agreement (DryShips Inc.)

Notice of Mortgage. The Each Borrower shall keep the Mortgage registered against the its Ship as a valid first priority mortgageor preferred mortgage (as applicable), carry on board the its Ship a certified copy of the that Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s master's cabin of the its Ship a framed printed notice stating that the its Ship is mortgaged by the relevant Borrower to the Security TrusteeAgent.

Appears in 3 contracts

Samples: Facility Agreement (United Maritime Corp), Assignment Agreement (United Maritime Corp), Assignment Agreement (Seanergy Maritime Holdings Corp.)

Notice of Mortgage. The Each Borrower shall keep the Mortgage registered against the Ship owned by it as a valid first priority preferred mortgage, carry on board the that Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the such Ship is mortgaged by the that Borrower to the Security Trustee.

Appears in 3 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Quartet Holdco Ltd.)

Notice of Mortgage. The Each Borrower shall keep the relevant Mortgage registered against the its Ship as a valid first priority mortgage, carry on board the its Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the its Ship a framed printed notice stating that the its Ship is mortgaged by the that Borrower to the Security Trustee.

Appears in 3 contracts

Samples: Loan Agreement (TBS International PLC), Loan Agreement (TBS International PLC), Loan Agreement (TBS International LTD)

Notice of Mortgage. The Each Borrower shall keep the Mortgage relative to its Ship registered against the that Ship as a valid first priority preferred mortgage, carry on board the that Ship a certified copy of the that Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security Trustee.

Appears in 3 contracts

Samples: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Star Bulk Management Inc.), Loan Agreement (Star Bulk Management Inc.)

Notice of Mortgage. The Borrower shall keep the Mortgage registered against the Ship as a valid first priority mortgage, carry on board the Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the that Ship a framed printed notice stating that the Ship is mortgaged by the Borrower to the Security TrusteeLender.

Appears in 3 contracts

Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.)

Notice of Mortgage. The Each Borrower shall keep the Mortgage relative to its Ship registered against the that Ship as a valid first preferred or, as the case may be, priority mortgage, carry on board the that Ship a certified copy of the that Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security Trustee.

Appears in 3 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Star Bulk Carriers Corp.)

Notice of Mortgage. The Borrower shall keep the Mortgage registered against the Ship as a valid first preferred or, as the case may be, priority mortgage, carry on board the Ship a certified copy of the that Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower to the Security Trustee.

Appears in 3 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (Euroseas Ltd.)

Notice of Mortgage. The Each Borrower shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security Trustee.

Appears in 3 contracts

Samples: Loan Agreement (Dynagas LNG Partners LP), Loan Agreement, Loan Agreement (GasLog Ltd.)

Notice of Mortgage. The Borrower shall keep the Mortgage registered against the Ship as a valid first priority preferred mortgage, carry on board the Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower to the Security Trustee.

Appears in 2 contracts

Samples: Loan Agreement, Amending and Restating Agreement (Golar LNG Partners LP)

Notice of Mortgage. The Borrower shall procure that the Owner shall keep the Mortgage registered against the Ship as a valid first priority preferred mortgage, carry on board the Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower Owner to the Security TrusteeLender.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

Notice of Mortgage. The Each Borrower shall keep the Mortgage registered against the Ship owned by it as a valid first priority or preferred mortgage, carry on board the that Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the such Ship is mortgaged by the that Borrower to the Security Trustee.

Appears in 2 contracts

Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

Notice of Mortgage. The Borrower shall keep the Mortgage registered against the Ship owned by it as a valid first priority preferred mortgage, carry on board the that Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the such Ship is mortgaged by the Borrower to the Security Trustee.

Appears in 2 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Notice of Mortgage. The Each Borrower shall keep the Mortgage relative to its Ship registered against the its Ship as a valid first priority or as the case may be preferred mortgage, carry on board the that Ship a certified copy of the that Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security Trustee.

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)

Notice of Mortgage. The Borrower Borrowers shall keep the Mortgage registered against the each Ship as a valid first priority preferred mortgage, carry on board the each Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Mastermaster’s cabin of the each Ship a framed printed notice stating that the that Ship is mortgaged by the Owning Borrower of that Ship to the Security TrusteeAgent.

Appears in 2 contracts

Samples: Assignment Agreement (Ardmore Shipping Corp), Facility Agreement (Ardmore Shipping Corp)

Notice of Mortgage. The Borrower Each Owner shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the Borrower that Owner to the Security Trustee.

Appears in 2 contracts

Samples: Agreement, Loan Agreement (Product Shipping Ltd.)

Notice of Mortgage. The Each Borrower shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority preferred mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Mastermaster’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security TrusteeAgent.

Appears in 2 contracts

Samples: Facility Agreement (Navios Maritime Partners L.P.), Assignment Agreement (Castor Maritime Inc.)

Notice of Mortgage. The Borrower shall keep the Mortgage registered against the Ship as a valid first priority or, as the case may be, preferred mortgage, carry on board the Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower to the Security TrusteeLender.

Appears in 2 contracts

Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Quintana Shipping Ltd.)

Notice of Mortgage. The Borrower shall keep the Mortgage registered against the Ship as a valid first priority preferred mortgage, carry on board the Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower to the Security Trustee.

Appears in 2 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Notice of Mortgage. The Each Borrower shall keep the Mortgage registered against the its Ship as a valid first priority mortgage, carry on board the its Ship a certified copy of the such Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the such Borrower to the Security Trustee.

Appears in 2 contracts

Samples: Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.)

Notice of Mortgage. The Each Borrower shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority or, as the case may be, preferred mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s master's cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the Borrower to the Security TrusteeAgent.

Appears in 2 contracts

Samples: Banks and Financial Institutions (Okeanis Eco Tankers Corp.), Banks and Financial Institutions (Okeanis Eco Tankers Corp.)

Notice of Mortgage. The Borrower shall procure that the Owner shall keep the Mortgage applicable to the Ship registered against the Ship as a valid first priority preferred mortgage, carry on board the Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower Owner to the Security TrusteeLender.

Appears in 2 contracts

Samples: Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Cosmo Llc.)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the Mortgage registered against the Ship owned by it as a valid first priority or preferred (as the case may be) mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the Borrower that Owner to the Security TrusteeLender.

Appears in 2 contracts

Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Paragon Shipping Inc.)

Notice of Mortgage. The Borrower shall procure that the Owner shall keep the Mortgage registered against the Ship as a valid first priority or preferred (as the case may be) mortgage, carry on board the Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower Owner to the Security TrusteeLender.

Appears in 2 contracts

Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.)

Notice of Mortgage. The Borrower shall to keep the Mortgage registered against the Ship as a valid first priority mortgage, to carry on board the Ship a certified copy of the Mortgage and this Deed and (if this is required by the laws of the Flag State) to place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower Owner to the Security TrusteeMortgagee.

Appears in 2 contracts

Samples: FreeSeas Inc., FreeSeas Inc.

Notice of Mortgage. The Each Borrower shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority or, as the case may be, preferred mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security Trustee.

Appears in 2 contracts

Samples: Loan Agreement (Costamare Partners LP), Loan Agreement (Costamare Partners LP)

Notice of Mortgage. The Borrower shall keep the Mortgage registered against the Ship as a valid first priority mortgage, carry on board the Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower to the Security TrusteeLender.

Appears in 2 contracts

Samples: Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the Mortgage registered against the Ship owned by it as a valid first priority mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the Ship is mortgaged by the Borrower that Owner to the Security TrusteeLender.

Appears in 2 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Facility Agreement (Gala Properties Inc.)

Notice of Mortgage. The Borrower shall keep the Mortgage registered against the Ship as a valid first priority mortgage, carry on board the Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower to the Security TrusteeLenders.

Appears in 2 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.)

Notice of Mortgage. The Each Borrower shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority or preferred mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security Trustee.

Appears in 2 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Diana Shipping Inc.

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the Mortgage registered against the Ship owned by it as a valid first priority preferred mortgage, carry on board the Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower that Owner to the Security Trustee.

Appears in 2 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

Notice of Mortgage. The Borrower It shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Notice of Mortgage. The Each Borrower shall keep the Mortgage relating to the Ship owned by it registered against the that Ship as a valid first preferred or (as the case may be) priority mortgage, carry on board the that Ship a certified copy of the that Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security Trustee.

Appears in 1 contract

Samples: Agreement (NewLead Holdings Ltd.)

Notice of Mortgage. The Borrower shall keep the Mortgage registered against the Ship as a valid first priority or the case may be preferred mortgage, carry on board the Ship a certified copy of the that Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Containers Inc.)

Notice of Mortgage. The Borrower shall keep the Mortgage registered against the its Ship as a valid first priority mortgage, carry on board the its Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the its Ship a framed printed notice stating that the that Ship is mortgaged by the Borrower to the Security TrusteeLender.

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Notice of Mortgage. The Each Borrower shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority or preferred (as the case may be) mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the that Ship a framed printed notice stating that the Ship is mortgaged by the that Borrower to the Security TrusteeLender.

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Notice of Mortgage. The Each Borrower shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority preferred mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s master's cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security TrusteeAgent.

Appears in 1 contract

Samples: Agreement (Global Ship Lease, Inc.)

Notice of Mortgage. The Borrower shall keep the Mortgage registered against the Ship as a valid first preferred or, as the case may be, priority mortgage, carry on board the Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

Notice of Mortgage. The Each Borrower shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority preferred mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s master's cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security TrusteeLender.

Appears in 1 contract

Samples: Facility Agreement (Castor Maritime Inc.)

Notice of Mortgage. The Each Borrower shall keep the Mortgage registered against the its Ship as a valid first priority mortgageor preferred mortgage (as applicable), carry on board the its Ship a certified copy of the that Mortgage and place and maintain in a conspicuous place in the navigation room and the Mastermaster’s cabin of the its Ship a framed printed notice stating that the its Ship is mortgaged by the relevant Borrower to the Security TrusteeAgent.

Appears in 1 contract

Samples: Facility Agreement (United Maritime Corp)

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Notice of Mortgage. The Borrower shall keep the Mortgage registered against the Financed Ship as a valid first priority mortgage, carry on board the Financed Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the that Financed Ship a framed printed notice stating that the Financed Ship is mortgaged by the Borrower to the Security TrusteeLender.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

Notice of Mortgage. The Borrower shall keep the Mortgage registered against the Ship as a valid first priority or preferred (as the case may be) mortgage, carry on board the its Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower to the Security TrusteeLender.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Notice of Mortgage. The Each Borrower shall keep the Mortgage registered against the Ship owned by it as a valid first priority mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security TrusteeLender.

Appears in 1 contract

Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)

Notice of Mortgage. The Each Borrower shall keep the Mortgage relative to its Ship registered against the that Ship as a valid first priority mortgage, carry on board the that Ship a certified copy of the that Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Notice of Mortgage. The Borrower shall procure that the Owner shall keep the Mortgage registered against the Ship as a valid first priority mortgage, carry on board the Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower Owner to the Security TrusteeLenders.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Notice of Mortgage. The Each Borrower shall keep the Mortgage registered against the Ship owned by it as a valid first priority or, as the case may be, preferred mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Capital Product Partners L.P.)

Notice of Mortgage. The Borrower It shall keep the Mortgage registered against the Ship owned by it as a valid first priority mortgage, carry on board the that Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security TrusteeLender.

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Notice of Mortgage. The Borrower Borrowers shall keep the each Mortgage registered against the relevant Ship as a valid first priority mortgage, carry on board the that Ship a certified copy of the such Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the such Ship a framed printed notice stating that the such Ship is mortgaged by the relevant Borrower to the Security TrusteeLenders.

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Notice of Mortgage. The Each Borrower shall keep the Mortgage registered against the its Ship as a valid first priority mortgagemortgage and if required by the Approved Flag State, carry on board the such Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the such Ship a framed printed notice stating that the that Ship is mortgaged by the Borrower relevant Owner to the Security TrusteeAgent.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

Notice of Mortgage. The Each Borrower shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority or preferred mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Mastermaster’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security TrusteeAgent.

Appears in 1 contract

Samples: Facilities Agreement (Ardmore Shipping Corp)

Notice of Mortgage. The Borrower shall keep the Mortgage relative the Ship registered against the Ship as a valid first preferred or, as the case may be, priority mortgage, carry on board the Ship a certified copy of the that Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Notice of Mortgage. The Each Borrower shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority or (as applicable) first preferred mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s master's cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security TrusteeLender.

Appears in 1 contract

Samples: Facility Agreement (Seanergy Maritime Holdings Corp.)

Notice of Mortgage. The Each Borrower shall keep the Mortgage registered against the its Ship as a valid first priority mortgage, carry on board the its Ship a certified copy of the such Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the such Borrower to the Security Trustee.

Appears in 1 contract

Samples: Agreement (Navios Maritime Holdings Inc.)

Notice of Mortgage. The Each Borrower shall keep the Mortgage registered against the its Ship as a valid first priority mortgage, carry on board the its Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the its Ship a framed printed notice stating that the that Ship is mortgaged by the relevant Borrower to the Security TrusteeLender.

Appears in 1 contract

Samples: Agreement (Diana Shipping Inc.)

Notice of Mortgage. The Borrower shall keep the Mortgage registered against the Ship as a valid first preferred or, as the case may be, priority mortgage, carry on board the Ship a certified copy of the that Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower to the Security Trustee.

Appears in 1 contract

Samples: Agreement (Navios Maritime Holdings Inc.)

Notice of Mortgage. The Borrower shall keep the Mortgage registered against the Ship as a valid first priority or, as the case may be, preferred mortgage, carry on board the Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Notice of Mortgage. The Borrower shall keep the Mortgage registered against the Ship as a valid first priority preferred mortgage, carry on board the Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s master's cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Seven Seas Cruises S. DE R.L.)

Notice of Mortgage. The relevant Borrower shall keep the Mortgage registered against the Ship owned by it as a valid first priority preferred mortgage, carry on board the Ship owned by it a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the such Borrower to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Notice of Mortgage. The Borrower Borrowers shall keep the each Mortgage registered against the relevant Ship as a valid first priority mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the such Ship a framed printed notice stating that the such Ship is mortgaged by the relevant Borrower to the Security TrusteeLenders.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

Notice of Mortgage. The Each Borrower shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the relevant Borrower to the Security Trustee.

Appears in 1 contract

Samples: Agreement (Navios Maritime Containers Inc.)

Notice of Mortgage. The Borrower shall keep the Mortgage registered against the Ship as a valid first priority mortgage, carry on board the Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the Ship is mortgaged by the Borrower to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

Notice of Mortgage. The Borrower shall keep the Mortgage registered against the Ship as a valid first priority mortgageor preferred mortgage (as applicable), carry on board the Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Mastermaster’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower to the Security TrusteeAgent.

Appears in 1 contract

Samples: Assignment Agreement (Pyxis Tankers Inc.)

Notice of Mortgage. The Each Borrower shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority or (as applicable) first preferred mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Mastermaster’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security TrusteeLender.

Appears in 1 contract

Samples: Facility Agreement (Seanergy Maritime Holdings Corp.)

Notice of Mortgage. The Each Borrower shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security TrusteeLender.

Appears in 1 contract

Samples: Agreement (TBS International LTD)

Notice of Mortgage. The Each Borrower shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the relevant Borrower to the Security Trustee.; and

Appears in 1 contract

Samples: Agreement (Navios Maritime Partners L.P.)

Notice of Mortgage. The Each Borrower shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security TrusteeLender.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

Notice of Mortgage. The Each Borrower shall keep the Mortgage registered against the Ship owned by it as a valid first priority or preferred mortgage, carry on board the that Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the that Ship a framed printed notice stating that the such Ship is mortgaged by the that Borrower to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

Notice of Mortgage. The Each Borrower shall keep the relevant Mortgage registered against the its Ship as a valid first priority mortgage, carry on board the its Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security TrusteeLender.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Notice of Mortgage. The Borrower shall keep the relevant Mortgage registered against the Ship as a valid first priority mortgage, carry on board the Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower to the Security TrusteeLender.

Appears in 1 contract

Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)

Notice of Mortgage. The Each Borrower shall keep the Mortgage registered against the Ship owned by it as a valid first priority mortgage, carry on board the that Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security Trustee.

Appears in 1 contract

Samples: Dynagas LNG Partners LP

Notice of Mortgage. The Borrower shall procure that the Owner shall keep the Mortgage registered against the Ship as a valid first preferred or, as the case may be, priority mortgage, carry on board the Ship a certified copy of the that Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower Owner to the Security Trustee.

Appears in 1 contract

Samples: Agreement (Capital Product Partners L.P.)

Notice of Mortgage. The Each Borrower shall, and shall procure that the Collateral Owner shall, keep the Mortgage registered against the Ship owned by it as a valid first priority mortgage, carry on board the such Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the such Ship a framed printed notice stating that the such Ship is mortgaged by the relevant Owner Borrower to the Security TrusteeLender.

Appears in 1 contract

Samples: Agreement (DryShips Inc.)

Notice of Mortgage. The Each Borrower shall, and shall procure that the Collateral Owner shall, keep the Mortgage registered against the Ship owned by it as a valid first priority mortgage, carry on board the such Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the such Ship a framed printed notice stating that the such Ship is mortgaged by the Borrower relevant Owner to the Security TrusteeLender.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Notice of Mortgage. The Borrower shall keep the Mortgage registered against the Ship as a valid first priority mortgage, carry on board the Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower to the Security TrusteeLender.

Appears in 1 contract

Samples: Loan Agreement (TBS International LTD)

Notice of Mortgage. The Borrower shall keep the each Mortgage registered against the relevant Ship as a valid first priority mortgage, carry on board the each Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the each Ship a framed printed notice stating that the that Ship is mortgaged by the Borrower to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Notice of Mortgage. The Borrower shall procure that each Owner shall keep the relevant Mortgage registered against the Ship owned by it as a valid first priority mortgage, carry on board the that Ship a certified copy of the relevant Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the Borrower that Owner to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Notice of Mortgage. The Borrower shall keep the Mortgage registered against the Ship as a valid first priority preferred mortgage, carry on board the Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower to the Security TrusteeLender.

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

Notice of Mortgage. The Each Borrower shall keep the Mortgage relative to its Ship registered against the that Ship as a valid first preferred or, as the case may be, priority mortgage, carry on board the that Ship a 57 certified copy of the that Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the that Ship a framed printed notice stating that the that Ship is mortgaged by the that Borrower to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Castor Maritime Inc.)

Notice of Mortgage. The Borrower shall procure that the Owner shall keep the Mortgage applicable to the Ship registered against the Ship as a valid first priority or first preferred mortgage, carry on board the Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s 's cabin of the Ship a framed printed notice stating that the Ship is mortgaged by the Borrower Owner to the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

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