Benefit of Deed. The Mortgagee may assign its rights under this Deed to any person appointed as Security Agent under the Facility Agreement. It is intended that this document takes effect as a deed even though the Mortgagee may only execute it under hand.
Appears in 2 contracts
Sources: Corporate Guarantee (GasLog Ltd.), Corporate Guarantee (GasLog Ltd.)
Benefit of Deed. The With prior written notice to the Owner, the Mortgagee may assign its rights under this Deed to any person appointed as Security Agent under the Facility Loan Agreement. It is intended that this document takes effect as a deed even though the Mortgagee may only execute it under hand.
Appears in 2 contracts
Sources: On Delivery Facility Agreement (Paragon Shipping Inc.), On Delivery Buyer Credit Facility Agreement (DryShips Inc.)
Benefit of Deed. The Mortgagee may assign its rights under this Deed to any person appointed as Security Agent under the Facility Agreement. It is intended that this document takes effect as a deed even though the Mortgagee may only execute it under hand.
Appears in 1 contract
Sources: On Delivery Buyer Credit Facility Agreement (DryShips Inc.)
Benefit of Deed. The Mortgagee may assign its rights under this Deed to any person appointed as Security Agent under the Facility Agreement. It is intended that this document takes effect as a deed even though the Mortgagee may only execute it under hand.. 8 Governing law and enforcement
Appears in 1 contract
Sources: Corporate Guarantee (GasLog Ltd.)