Title to Vessels. All of the vessels described in the Registration Statement, the General Disclosure Package and the Prospectus are owned directly (or as set forth in the Registration Statement, the General Disclosure Package and the Prospectus) by subsidiaries of the Company; each of the vessels listed on Exhibit I (the “Owned Vessels”) hereto has been duly registered as a vessel under the laws and regulations and flag of the jurisdiction set forth opposite its name on Exhibit I in the sole ownership of the subsidiary of the Company set forth opposite its name on Exhibit I hereto; each such subsidiary of the Company has good title to the applicable Owned Vessel, free and clear of all mortgages, pledges, liens, security interests and claims and all defects of the title of record except for those liens as disclosed in the Registration Statement, the General Disclosure Package and the Prospectus, and such other encumbrances which would not, in the aggregate, result in a Material Adverse Effect; and each such Owned Vessel is in good standing with respect to the payment of past and current taxes, fees and other amounts payable under the laws of the jurisdiction where it is registered as would affect its registry with the ship registry of such jurisdiction except for failures to be in good standing which would not, in the aggregate, result in a Material Adverse Effect.
Title to Vessels. Each Acquired Entity has good and marketable title to its respective Vessel, as applicable, in each case free and clear from any Encumbrances, other than Permitted Encumbrances. 4.20
Title to Vessels. On the Closing Date, Borrower shall have valid and marketable title to the Vessels subject to no Liens except Permitted Liens.
Title to Vessels. On the Closing Date, the Credit Parties shall have valid and marketable title to each Material Vessel set forth on Schedule 4.27 to the Credit Agreement, subject to no Liens other than Permitted Liens. On the Closing Date, there are no bareboat or demise charters in effect with respect to any Vessel other than as set forth on Schedule 4.27 to the Credit Agreement.
Title to Vessels. Each Target has good and marketable title to its respective Vessel.
Title to Vessels. The Owner lawfully owns and is lawfully possessed of the Vessels free from any lien whatsoever, and the Owner will warrant and defend the title and such possession thereto and to every part thereof for the benefit of the Mortgagee against the claims and demands of all persons whatsoever. The Owner will not sell, mortgage, transfer or charter any Vessel except as permitted under the Credit Agreement.
Title to Vessels. All of the vessels described in the Registration Statement and the Prospectus are owned directly by subsidiaries of the Company; each of the vessels described in the Registration Statement and the Prospectus as owned by one of the Company’s subsidiaries has been duly registered in the name of the relevant entity that owns it under the laws and regulations and the flag of the nation of its registration, in each case as disclosed in the Prospectus, and no other action is necessary to establish and perfect such entity’s title to and interest in such vessel as against any charterer or third party and all of the vessels described in the Prospectus will be owned directly by such subsidiary of the Company free and clear of all liens, claims, security interests or other encumbrances, except as set forth in the Registration Statement, the General Disclosure Package and the Prospectus.
Title to Vessels. Upon delivery, each Vessel-Owning Subsidiary will be the registered owner of the applicable Vessel.
Title to Vessels. All of the vessels described in the Registration Statement, the Time of Sale Prospectus and the Prospectus are owned directly (or as set forth in the Registration Statement, the Time of Sale Prospectus and the Prospectus) by subsidiaries of the Company; each of the vessels listed on Schedule III hereto, as well as each of the 15 feeder size container vessels that the Company agreed to acquire in March 2018 (collectively, the "Owned Vessels") has been duly registered as a vessel under the laws and regulations and flag of the jurisdiction set forth opposite its name on Schedule III (with respect to the vessels listed therein) in the sole ownership of the subsidiary of the Company set forth opposite its name on Schedule III hereto (with respect to the vessels listed therein); each such subsidiary of the Company has good title to the applicable Owned Vessel, free and clear of all mortgages, pledges, liens, security interests and claims and all defects of the title of record except for those liens as disclosed in the Registration Statement, the Time of Sale Prospectus and the Prospectus, and such other encumbrances which would not, in the aggregate, result in a Material Adverse Effect; and each subsidiary of the Company that owns an Owned Vessel is in good standing with respect to the payment of past and current taxes, fees and other amounts payable under the laws of the jurisdiction where it is registered as would affect its registry with the ship registry of such jurisdiction except for failures to be in good standing which would not, in the aggregate, result in a Material Adverse Effect.
Title to Vessels. As of the date of this Agreement and at the Closing Date, each of the Companies is and shall be the registered owner of the Vessel listed next to its name in Schedule A.
