Legally Eligible definition
Legally Eligible means eligible:
Examples of Legally Eligible in a sentence
Concurrently with the payment of such purchase price Shipowner shall transfer title to the Vessels to Charterer or its Legally Eligible Designee, AS IS, WHERE IS, in whatever condition they may be (free and clear, however, of any Shipowner’s Liens).
In connection with and at the time of the delivery of such bills of sale, Shipowner shall also execute and deliver to Charterer or its Legally Eligible Designee such appropriate instruments of assignment or reassignment (without recourse or warranty) of Shipowner’s rights, title and interests under the Assignments as may reasonably be requested by Charterer.