Ownership of Vessel Sample Clauses

Ownership of Vessel. The Mortgagor warrants that it is and shall continue to be a citizen of the United States as defined and within the meaning of the Shipping Act of 1916, as amended, 46 App. U.S.C. Section 802, and a corporation established under the laws of the United States or of a State, whose president or other chief executive officer and chairman of its board of directors are citizens of the United States and no more of its directors are noncitizens than a minority of the number necessary to constitute a quorum, within the meaning of Section 7 of the Act of August 26, 1983, P.L. 98-89, 97 Stat. 585, as amended, 46 U.S.C. Section 12102, as amended. The Mortgagor warrants that it is the true, lawful and sole owner of the whole of the Vessel, including her engines, boilers, machinery, masts, anchors, cables, rigging, tackle, apparel, furniture, small boats, and all other appurtenances, and that its ownership is free and clear of all suits, liens, claims, charges, or encumbrances of any kind or nature except for (a) liens arising prior to the date of this First Preferred Ship Mortgage which arose in the ordinary course of business and by operation of law, which liens are no greater than approximately $25,000.00 as of this date and (b) liens granted to Mortgagee, and that all action necessary and required by law for the execution and delivery of this First Preferred Ship Mortgage has been duly and effectively taken, and that this First Preferred Ship Mortgage is a valid and binding obligation of the Mortgagor enforceable in accordance with its terms, and that it will forever warrant and defend its title and possession for the benefit of the Mortgagee against any and all claims and demands.
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Ownership of Vessel it is the sole, absolute, legal and beneficial owner of the Vessel;
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Ownership of Vessel. The Mortgagor warrants that it is and shall continue to be a citizen of the United States as defined and within the meaning of the Shipping Act of 1916, as amended, 46 App. U.S.C. Section 802, and a corporation established under the laws of the United States or of a State, whose president or other chief executive officer and chairman of its board of directors are citizens of the United States and no more of its directors are noncitizens than a minority of the number necessary to constitute a quorum, within the meaning of Section 7 of the Act of August 26, 1983, P.L. 98-89, 97 Stat. 585, as amended, 46 U.S.C. Section 12102, as amended, and that it is, and shall continue to be, a corporation duly organized and existing in good standing under the laws of the State of Delaware. The Mortgagor warrants that it is the true, lawful and sole owner of the whole of the Vessel, including her engines, boilers, machinery, masts, anchors, cables, rigging, tackle, apparel, furniture, small boats, and all other appurtenances, and that its ownership is free and clear of all suits, liens, claims, charges, or encumbrances of any kind or nature, and that it will forever warrant and defend its title and possession for the benefit of the mortgagee against any and all claims and demands.
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Ownership of Vessel. The Mortgagor warrants that it is and shall continue to be a citizen of the United States as defined and within the meaning of the Shipping Act of 1916, as amended, 46 App. U.S.C. Section 802, and a corporation established under the laws of the United States or of a State, whose president or other chief executive officer and chairman of its board of directors are citizens of the United States and no more of its directors are noncitizens than a minority of the number necessary to constitute a quorum, within the meaning of Section 7 of the Act of August 26, 1983, P.L. 98-89, 97 Stat. 585, as amended, 46 U.S.C. Section 12102, as amended, and that it is, and shall continue to be, a corporation duly organized and existing in good standing under the laws of the State of Delaware. The Mortgagor warrants that it is the true, lawful and sole owner of the whole of the Vessel, including her engines, boilers, machinery, masts, anchors, cables, rigging, tackle, apparel, furniture, small boats, and all
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Ownership of Vessel. Seller is the sole owner of the Vessel, free and clear of any and all Liens. The sale of the Vessel shall be made subject to the following warranty, which shall be included in the Bill of Sale conveying title tx xxe Vessel: It is specifically understood and agreed between Buyer and Seller that Seller makes NO WARRANTY of any kind whatsoever (except as to title of the Vessel as set forth below), said sale being made "as is, where is," without any warranty whatsoever, express or implied, as to the design, condition, merchantability or seaworthiness of, or as to the fitness of the vessel for any particular purpose or any particular trade. Said sale is made however with full warranty of title and Seller agrees to indemnify, save harmless and defend Buyer from and against any and all mortgages and judgments, and any and all liens or encumbrances, including but not limited to asserted and unasserted claims and liens for wages, maintenance and cure, repairs, supplies, towage, salvage, use of dry-dock or marine railway or other necessities, provided that any such mortgages, judgments, liens or encumbrances shall arise (i) from acts or events occurring prior to Closing (as defined in that certain Asset Purchase Agreement between Buyer and Seller) and (ii) from Seller's acts or omissions occurring prior to the date of Closing.
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Ownership of Vessel. Seller is the sole owner of the Vessel.
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Ownership of Vessel. Vessel Owner hereby certifies either (i) that he/she is the owner of the Vessel or (ii) that the owner of the Vessel is and that such owner has executed this Agreement in the space provided below.
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Related to Ownership of Vessel

  • Ownership of Equipment Any equipment purchased by or furnished to the Grantee by the State under this grant agreement is provided on a loan basis only and remains the property of the State.

  • Ownership of Equity Interests Issue, sell, transfer, pledge or otherwise dispose of any partnership interests, shares of capital stock or other equity or ownership interests ("Equity Interests") in any member of the Consolidated Group, except (i) issuance, sale or transfer of Equity Interests to a Credit Party by a Subsidiary of such Credit Party, (ii) in connection with a transaction permitted by Section 8.4, and (iii) as needed to qualify directors under applicable law.

  • Ownership of Buyer Originator owns, directly or indirectly, 100% of the issued and outstanding capital stock of Buyer, free and clear of any Adverse Claim. Such capital stock is validly issued, fully paid and nonassessable, and there are no options, warrants or other rights to acquire securities of Buyer.

  • Ownership of Stock The Selling Shareholders own all of the issued and outstanding shares of capital stock of the Company, free and clear of all liens, claims, rights, charges, encumbrances, and security interests of whatsoever nature or type.

  • Ownership of Units As of the date hereof, Holder has beneficial ownership over the type and number of the Units set forth under Holder’s name on the signature page hereto, is the lawful owner of such Units, has the sole power to vote or cause to be voted such Units, and has good and valid title to such Units, free and clear of any and all pledges, mortgages, encumbrances, charges, proxies, voting agreements, liens, adverse claims, options, security interests and demands of any nature or kind whatsoever, other than those imposed by this Agreement, applicable securities Laws or the Company’s Organizational Documents, as in effect on the date hereof. There are no claims for finder’s fees or brokerage commission or other like payments in connection with this Agreement or the transactions contemplated hereby pursuant to arrangements made by Holder. Except for the Units set forth under Holder’s name on the signature page hereto, as of the date of this Agreement, Holder is not a beneficial owner or record holder of any: (i) equity securities of the Company, (ii) securities of the Company having the right to vote on any matters on which the holders of equity securities of the Company may vote or which are convertible into or exchangeable for, at any time, equity securities of the Company or (iii) options, warrants or other rights to acquire from the Company any equity securities or securities convertible into or exchangeable for equity securities of the Company.

  • Ownership of Notes (a) A Note may be transferred by the Note Holder to any person in accordance with this agreement.

  • Ownership of Rights 6. 1. Licensed Material remains the property of either Licensor or the relevant third party and any rights not explicitly granted herein are expressly reserved.

  • Ownership of Real Estate Without the prior written consent of Agent, all Real Estate and all interests (whether direct or indirect) of REIT or the Borrower in any Real Estate assets now owned or leased or acquired or leased after the date hereof shall be owned or leased directly by the Borrower or a Wholly Owned Subsidiary of the Borrower; provided, however that the Borrower shall be permitted to own or lease interests in Real Estate through non-Wholly Owned Subsidiaries and Unconsolidated Affiliates of Borrower as permitted by §8.3.

  • Ownership of Data All Data transmitted to the Operator pursuant to the Service Agreement is and will continue to be the property of and under the control of the LEA. The Operator further acknowledges and agrees that all copies of such Data transmitted to the Operator, including any modifications or additions or any portion thereof from any source, are subject to the provisions of this DPA in the same manner as the original Data. The Parties agree that as between them, all rights, including all intellectual property rights in and to Data contemplated per the Service Agreement shall remain the exclusive property of the LEA.

  • Ownership of Seller Credit Acceptance is the sole owner of the membership interests of the Seller, all of which are fully paid and nonassessable and owned of record, free and clear of all mortgages, assignments, pledges, security interests, warrants, options and rights to purchase.

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