Title to Vessel Sample Clauses

Title to Vessel. The Vessel Owning Subsidiary is the owner (beneficially and of record) of the Vessel and has good and marketable title to the Vessel.
AutoNDA by SimpleDocs
Title to Vessel. The Shipowner lawfully owns and is lawfully possessed of the Vessel free from any lien or encumbrance whatsoever other than this Mortgage, liens for current crew’s wages and liens not yet required to be removed under Section 7 of Article II hereof and will warrant and defend the title and possession thereto and to every part thereof for the benefit of the Mortgagee against the claims and demands of all persons whomsoever.
Title to Vessel. (a) The Vessel B Owning Subsidiary is the owner (beneficially) of the Vessel B and has good and marketable title to the Vessel.
Title to Vessel. Except to the limited extent permitted under Section 3.11 of this Mortgage, the Mortgagor shall continue to own and possess the whole of the Vessel free from all complaints in rem, libels, liens (maritime or otherwise), charges, claims, security interests, mortgages, pledges or other encumbrances of any kind or nature except for Permitted Liens. The Mortgagor hereby does and will forever warrant and defend the title and possession of the Vessel, and each part thereof, for the benefit of the Mortgagee, against any and all claims and demands whatsoever.
Title to Vessel. The Mortgagor is the sole, true and lawful owner and is lawfully possessed of the Vessel, and the Mortgagor owns all right, title and interest in and to the Vessel free and clear of all complaints in rem, libels, liens (maritime or otherwise), charges, claims, security interests, mortgages or other encumbrances of any kind or nature except for Permitted Liens.
Title to Vessel. Upon Delivery, the Vessel Owning Subsidiary will be the registered owner of the Vessel.
Title to Vessel. Pursuant to a guarantee trust agreement dated December 21, 2009 (the “Guarantee Trust Agreement”), between, among others, the Vessel Owning Subsidiary and BNYM, as trustee, title to the Vessel has been transferred to BNYM and the Vessel Owning Subsidiary has retained the beneficial ownership of the Vessel. Pursuant to the Financial Lease Agreement, Arrendadora has registered the Vessel under Mexican flag.
AutoNDA by SimpleDocs
Title to Vessel. Buyer agrees to accept the Vessel Abstract attached hereto as Exhibit F as evidence of the status of Seller’s title to the Vessel. Seller shall pay the premium for the Vessel Abstract. Buyer agrees to accept the Vessel subject to (i) all matters shown by the Vessel Abstract (except for that certain preferred mortgage in favor of Wxxxx Fargo Bank, National Association, as Agent recorded on June 8,1999 in the amount of $875,000,000 in Book 99-45, Page 699), and (ii) Permitted Encumbrances.
Title to Vessel. Seller has title to the Vessel and at the Closing Purchaser will acquire good, valid and marketable title to the Vessel free and clean of any Liens. The Vessel is equipped with machinery, engines, instruments, bunker fuel, stores, rigging, anchors, chains, cables, tackle, apparel, accessories, equipment, radio installation and navigational equipment, inventory, spare parts and all other appurtenances necessary for the operation of such Vessel in the Ordinary Course of Business.
Title to Vessel. Borrower has good title to the Vessel subject to no Liens other than the Ship Mortgages.
Time is Money Join Law Insider Premium to draft better contracts faster.