Common use of Notice of Mortgage Clause in Contracts

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

Appears in 2 contracts

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)

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

Appears in 2 contracts

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

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

Appears in 2 contracts

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

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

Appears in 2 contracts

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

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

Appears in 2 contracts

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

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

Appears in 2 contracts

Samples: Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Acquisition CORP)

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

Appears in 2 contracts

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

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

Appears in 2 contracts

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

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

Appears in 2 contracts

Samples: Loan Agreement (Britannia Bulk Holdings Inc), Loan Agreement (Britannia Bulk PLC)

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

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP)

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

Appears in 1 contract

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.)

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

Appears in 1 contract

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.)

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

Appears in 1 contract

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

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

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

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

Appears in 1 contract

Samples: Loan Agreement (Costamare Partners LP)

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

Appears in 1 contract

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.)

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

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

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

Appears in 1 contract

Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)

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

Appears in 1 contract

Samples: Agreement (Paragon Shipping Inc.)

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

Appears in 1 contract

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

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

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

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

Appears in 1 contract

Samples: Junior Facility Agreement (Global Ship Lease, Inc.)

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

Appears in 1 contract

Samples: Agreement (DryShips Inc.)

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

Appears in 1 contract

Samples: Agreement (Star Bulk Carriers Corp.)

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